EEM: 60-day history, VaR(99%)=-0.0184, max drawdown threshold=10%.

Question:
Asset: EEM
Daily returns (past 60 days): mean=0.0009, std=0.0084, worst_day=-0.0232
Maximum acceptable portfolio drawdown: 10%
Market regime: bull
Recent filing/news:
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blk:InvestmentsRelatedToDeferredCashCompensationPlansMember 2023-12-31 0001364742 us-gaap:CollateralizedLo [...TRUNCATED...] hat the Board of Directors authorized the repurchase of an additional seven million shares under the Company’s existing share repurchase program, for a total of up to approximately 7.9 million shares of BlackRock common stock. 64   Item 6. Exh ibits Exhibit No.   Description       4.1(1)   Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.2(1)   First Supplemental Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.3(1)   Form of Note for the 4.700% Notes due 2029 (included in Exhibit 4.2).       4.4(1)   Form of Note for the 5.000% Notes due 2034 (included in Exhibit 4.2).       4.5(1)   Form of Note for the 5.250% Notes due 2054 (included in Exhibit 4.2).       10.1(2)   Amendment No. 14, dated as of March 12, 2024, by and among BlackRock, Inc., certain of its subsidiaries, Wells Fargo Bank, National Association, as administrative agent, a swingline lender, an issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein.       22.1(3)   Subsidiary Issuer of Guaranteed Securities.       31.1   Section 302 Certification of Chief Executive Officer       31.2   Section 302 Certification of Chief Financial Officer       32.1   Section 906 Certification of Chief Executive Officer and Chief Financial Officer       101.INS   Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document       101.SCH   Inline XBRL Taxonomy Extension Schema with Embedded Linkbases Document       104   Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)         (1) Incorporated by reference to BlackRock’s Current Report on Form 8-K filed on March 14, 2024. (2) Incorporated by reference to BlackRock's Current Report on Form 8-K filed on March 15, 2024. (3) Incorporated by reference to BlackRock's Registration Statement on Form S-3 (Registration No. 333-278583) filed on April 9, 2024. 65   SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.       BLACKROCK, INC.     (Registrant)             By: /s/ Martin S. Small Date: May 7, 2024        Martin S. Small          Senior Managing Director & Chief Financial Officer    (Principal Financial Officer)   66

Determine the maximum fraction of total portfolio capital that should be allocated to EEM, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0184 (i.e., a 1.84% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0184 = 5.4481, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


SPY: 60-day history, VaR(99%)=-0.0147, max drawdown threshold=10%.

Question:
Asset: SPY
Daily returns (past 60 days): mean=0.0004, std=0.0075, worst_day=-0.0160
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
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0000104169 us-gaap:FairValueInputsLevel12And3Member 2021-02-01 2022-01-31 00001 [...TRUNCATED...] sentation Linkbase Document 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) * Filed herewith as an Exhibit. ** Furnished herewith as an Exhibit. (C) This Exhibit is a management contract or compensatory plan or arrangement (P) This Exhibit was originally filed in paper format. Accordingly, a hyperlink has not been provided. (1) Certain instruments defining the rights of holders of long-term debt securities of the Registrant are omitted pursuant to Item 601(b)(4)(iii) of Regulation S-K. The Company hereby undertakes to furnish to the SEC, upon request, copies of any such instruments. (c)    Financial Statement Schedules: None. ITEM 16. FORM 10-K SUMMARY None. 85 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.   Walmart Inc. Date: March 15, 2024   By   /s/ C. Douglas McMillon     C. Douglas McMillon     President and Chief Executive Officer Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated: Date: March 15, 2024   By   /s/ C. Douglas McMillon     C. Douglas McMillon     President and Chief Executive Officer and Director     (Principal Executive Officer) Date: March 15, 2024   By   /s/ Gregory B. Penner     Gregory B. Penner     Chairman of the Board and Director Date: March 15, 2024   By   /s/ John David Rainey     John David Rainey     Executive Vice President and Chief Financial Officer (Principal Financial Officer) Date: March 15, 2024   By   /s/ David M. Chojnowski     David M. Chojnowski     Senior Vice President and Controller (Principal Accounting Officer) Signature Page to Walmart Inc. Form 10-K for the Fiscal Year Ended January 31, 2024 86 Date: March 15, 2024   By   /s/ Cesar Conde     Cesar Conde     Director Date: March 15, 2024 By /s/ Timothy P. Flynn Timothy P. Flynn Director Date: March 15, 2024 By /s/ Sarah Friar Sarah Friar Director Date: March 15, 2024 By /s/ Carla A. Harris Carla A. Harris Director Date: March 15, 2024 By /s/ Thomas W. Horton Thomas W. Horton Director Date: March 15, 2024 By /s/ Marissa A. Mayer Marissa A. Mayer Director Date: March 15, 2024 By /s/ Randall L. Stephenson Randall L. Stephenson Director Date: March 15, 2024   By   /s/ S. Robson Walton     S. Robson Walton     Director Date: March 15, 2024   By   /s/ Steuart L. Walton     Steuart L. Walton     Director Signature Page to Walmart Inc. Form 10-K for the Fiscal Year Ended January 31, 2024 87

Determine the maximum fraction of total portfolio capital that should be allocated to SPY, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0147 (i.e., a 1.47% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0147 = 6.7808, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


PDBC: 60-day history, VaR(99%)=-0.0232, max drawdown threshold=10%.

Question:
Asset: PDBC
Daily returns (past 60 days): mean=-0.0003, std=0.0107, worst_day=-0.0234
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to PDBC, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0232 (i.e., a 2.32% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0232 = 4.3110, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


MATIC-USD: 60-day history, VaR(99%)=-0.0677, max drawdown threshold=10%.

Question:
Asset: MATIC-USD
Daily returns (past 60 days): mean=-0.0049, std=0.0334, worst_day=-0.0789
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-09-10]

Determine the maximum fraction of total portfolio capital that should be allocated to MATIC-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0677 (i.e., a 6.77% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0677 = 1.4770, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


CSHI: 60-day history, VaR(99%)=-0.0005, max drawdown threshold=10%.

Question:
Asset: CSHI
Daily returns (past 60 days): mean=0.0002, std=0.0004, worst_day=-0.0006
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to CSHI, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0005 (i.e., a 0.05% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0005 = 206.6521, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


EEM: 60-day history, VaR(99%)=-0.0221, max drawdown threshold=10%.

Question:
Asset: EEM
Daily returns (past 60 days): mean=-0.0008, std=0.0100, worst_day=-0.0242
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-09-28] ["US STOCKS-Wall St set for lower open on rate jitters; Powell on deck By Ankika Biswas and Shashwat Chauhan Sept 28 (Reuters) - Wall Street's main indexes eyed a lower open on Thursday aselevated oil prices muddled the inflation outlook amid worries over prolonged restrictive monetary policy, while investors assessed data and awaited Federal Reserve chief Jerome Powell's remarks. The scope for interest rates staying higher for longer than anticipated has solidified with soaring energy prices keeping headline inflation elevated. Deepening the concerns, U.S. oil futures jumped to a more than one-year high on Thursday. Riding on the back of higher crude prices, energy .SPNY is set to emerge as the only major S&P 500 sector to notch monthly gains. Meanwhile, rate-sensitive information technology .SPLRCT and real estate .SPLRCT were on track to be the worst hit. Further, data showed the U.S. economy maintained a fairly strong pace of growth in the second quarter, the government confirmed on Thursday, and appears to have gathered momentum this quarter amid a resilient labor market. \"A sharp rise in unemployment and claims isn't a prerequisite for the Fed to stop raising rates,\" said Nancy Vanden Houten, lead U.S. economist at Oxford Economics. \"Fed Chair Powell made clear last week, however, that the Fed needs to see other signs that the labor market is continuing to come into better balance if it is to refrain from further rate hikes.\" As U.S. Treasury yields resumed their uptrend after briefly slipping following the data, megacap growth stocks including Apple AAPL.O, Microsoft MSFT.O, Amazon.com AMZN.O and Tesla TSLA.O shed between 0.1% and 1.2% in premarket trading. At 8:52 a.m. ET, Dow e-minis 1YMcv1 were down 32 points, or 0.09%, S&P 500 e-minis EScv1 were down 6.75 points, or 0.16%, and Nasdaq 100 e-minis NQcv1 were down 45 points, or 0.31%. All the three indexes are set for their first quarterly decline in 2023. Also on radar will be comments by Powell at 4 p.m. ET, as well as remarks by voting member Lisa Cook during the day. With a partial government shutdown just three days away, a procedural vote on a bipartisan short-term spending measure by the Senate on Thursday will also be closely watched. Among individual movers, Micron TechnologyMU.O dropped 2.8% after forecasting a bigger-than-expected first-quarter loss. WorkdayWDAY.O dipped 9.8% after the human resources software company lowered its subscription revenue growth outlook for the next three years. Meme darling GameStopGME.N jumped 7.3% after the company named billionaire activist investor Ryan Cohen as its CEO and chairman. (Reporting by Ankika Biswas and Shashwat Chauhan; Editing by Sriraj Kalluvila and Maju Samuel) ((Ankika.Biswas@thomsonreuters.com; Shashwat.Chauhan@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "SCHX ETF: A Large-Cap ETF for Large Gains The Schwab U.S.

Determine the maximum fraction of total portfolio capital that should be allocated to EEM, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0221 (i.e., a 2.21% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0221 = 4.5326, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


IVV: 60-day history, VaR(99%)=-0.0155, max drawdown threshold=10%.

Question:
Asset: IVV
Daily returns (past 60 days): mean=-0.0004, std=0.0084, worst_day=-0.0165
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
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us-gaap:FairValueInputsLevel2Member 2023-09-30 0000320193 us-gaap:CashMember 2022-09-24 0000320193 us [...TRUNCATED...]  Document Set for the consolidated financial statements and accompanying notes in Part II, Item 8, “Financial Statements and Supplementary Data” of this Annual Report on Form 10-K. Apple Inc. | 2023 Form 10-K | 56 Incorporated by Reference Exhibit Number Exhibit Description Form Exhibit Filing Date/ Period End Date 104** Inline XBRL for the cover page of this Annual Report on Form 10-K, included in the Exhibit 101 Inline XBRL Document Set. * Indicates management contract or compensatory plan or arrangement. ** Filed herewith. *** Furnished herewith. (1) Certain instruments defining the rights of holders of long-term debt securities of the Registrant are omitted pursuant to Item 601(b)(4)(iii) of Regulation S-K. The Registrant hereby undertakes to furnish to the SEC, upon request, copies of any such instruments. Item 16.    Form 10-K Summary None. Apple Inc. | 2023 Form 10-K | 57 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: November 2, 2023 Apple Inc. By: /s/ Luca Maestri Luca Maestri Senior Vice President, Chief Financial Officer Power of Attorney KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Timothy D. Cook and Luca Maestri, jointly and severally, his or her attorneys-in-fact, each with the power of substitution, for him or her in any and all capacities, to sign any amendments to this Annual Report on Form 10-K, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that each of said attorneys-in-fact, or his substitute or substitutes, may do or cause to be done by virtue hereof. Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated: Name Title Date /s/ Timothy D. Cook Chief Executive Officer and Director (Principal Executive Officer) November 2, 2023 TIMOTHY D. COOK /s/ Luca Maestri Senior Vice President, Chief Financial Officer (Principal Financial Officer) November 2, 2023 LUCA MAESTRI /s/ Chris Kondo Senior Director of Corporate Accounting (Principal Accounting Officer) November 2, 2023 CHRIS KONDO /s/ James A. Bell Director November 2, 2023 JAMES A. BELL /s/ Al Gore Director November 2, 2023 AL GORE /s/ Alex Gorsky Director November 2, 2023 ALEX GORSKY /s/ Andrea Jung Director November 2, 2023 ANDREA JUNG /s/ Arthur D. Levinson Director and Chair of the Board November 2, 2023 ARTHUR D. LEVINSON /s/ Monica Lozano Director November 2, 2023 MONICA LOZANO /s/ Ronald D. Sugar Director November 2, 2023 RONALD D. SUGAR /s/ Susan L. Wagner Director November 2, 2023 SUSAN L. WAGNER Apple Inc. | 2023 Form 10-K | 58

Determine the maximum fraction of total portfolio capital that should be allocated to IVV, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0155 (i.e., a 1.55% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0155 = 6.4642, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


DOT-USD: 60-day history, VaR(99%)=-0.0612, max drawdown threshold=10%.

Question:
Asset: DOT-USD
Daily returns (past 60 days): mean=-0.0019, std=0.0342, worst_day=-0.0678
Maximum acceptable portfolio drawdown: 10%
Market regime: bull
Recent filing/news:
[Kaggle 2023-12-19]

Determine the maximum fraction of total portfolio capital that should be allocated to DOT-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0612 (i.e., a 6.12% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0612 = 1.6340, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


AVAX-USD: 60-day history, VaR(99%)=-0.0477, max drawdown threshold=10%.

Question:
Asset: AVAX-USD
Daily returns (past 60 days): mean=0.0039, std=0.0286, worst_day=-0.0553
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-11-01]

Determine the maximum fraction of total portfolio capital that should be allocated to AVAX-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0477 (i.e., a 4.77% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0477 = 2.0975, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


ETH-USD: 60-day history, VaR(99%)=-0.0577, max drawdown threshold=10%.

Question:
Asset: ETH-USD
Daily returns (past 60 days): mean=0.0052, std=0.0268, worst_day=-0.0775
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-01-25]

Determine the maximum fraction of total portfolio capital that should be allocated to ETH-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0577 (i.e., a 5.77% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0577 = 1.7325, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


JNK: 60-day history, VaR(99%)=-0.0108, max drawdown threshold=10%.

Question:
Asset: JNK
Daily returns (past 60 days): mean=0.0002, std=0.0056, worst_day=-0.0142
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to JNK, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0108 (i.e., a 1.08% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0108 = 9.2223, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


IWM: 60-day history, VaR(99%)=-0.0303, max drawdown threshold=10%.

Question:
Asset: IWM
Daily returns (past 60 days): mean=0.0002, std=0.0141, worst_day=-0.0337
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
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2022-12-31 0000012927 us-gaap:MachineryAndEquipmentMember srt: [...TRUNCATED...] rm 130 Table of Contents 31.1 Certification of Chief Executive Officer pursuant to Section 302 of Sarbanes-Oxley Act of 2002 31.2 Certification of Chief Financial Officer pursuant to Section 302 of Sarbanes-Oxley Act of 2002 32.1 Certification of Chief Executive Officer pursuant to Section 906 of Sarbanes-Oxley Act of 2002 32.2 Certification of Chief Financial Officer pursuant to Section 906 of Sarbanes-Oxley Act of 2002 99.1 Commercial Program Method of Accounting (Exhibit (99)(i) to the Company’s Form 10-K for the year ended December 31, 1997) 101.SCH XBRL Taxonomy Extension Schema Document 101.CAL XBRL Taxonomy Extension Calculation Linkbase Document 101.DEF XBRL Taxonomy Extension Definition Linkbase Document 101.LAB XBRL Taxonomy Extension Label Linkbase Document 101.PRE XBRL Taxonomy Extension Presentation Linkbase Document 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document contained in Exhibit 101 * Management contract or compensatory plan In accordance with Item 601(b)(4)(iii)(A) of Regulation S-K, copies of certain instruments defining the rights of holders of long-term debt of the Company are not filed herewith. Pursuant to this regulation, we hereby agree to furnish a copy of any such instrument to the SEC upon request. Item 16. Form 10-K Summary None. 131 Table of Contents Signatures Pursuant to the requirements of Section 13 of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on January 27, 2023. THE BOEING COMPANY (Registrant) By:   /s/ Carol J. Hibbard   Carol J. Hibbard – Senior Vice President and Controller 132 Table of Contents Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities indicated on January 27, 2023. /s/ David L. Calhoun /s/ Stayce D. Harris David L. Calhoun – President and Chief Executive Officer and Director Stayce D. Harris – Director (Principal Executive Officer) /s/ Brian J. West /s/ Akhil Johri Brian J. West – Executive Vice President and Chief Financial Officer Akhil Johri – Director (Principal Financial Officer) /s/ Carol J. Hibbard /s/ David L. Joyce Carol J. Hibbard – Senior Vice President and Controller David L. Joyce – Director (Principal Accounting Officer) /s/ Robert A. Bradway /s/ Lawrence W. Kellner Robert A. Bradway – Director Lawrence W. Kellner – Chair of the Board /s/ Lynne M. Doughtie /s/ Steven M. Mollenkopf Lynne M. Doughtie – Director Steven M. Mollenkopf – Director /s/ David L. Gitlin /s/ John M. Richardson David L. Gitlin – Director John M. Richardson – Director /s/ Lynn J. Good /s/ Ronald A. Williams Lynn J. Good – Director Ronald A. Williams – Director 133

Determine the maximum fraction of total portfolio capital that should be allocated to IWM, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0303 (i.e., a 3.03% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0303 = 3.2990, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


^VIX: 60-day history, VaR(99%)=-0.1101, max drawdown threshold=10%.

Question:
Asset: ^VIX
Daily returns (past 60 days): mean=-0.0011, std=0.0518, worst_day=-0.1366
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-08-09] ["US STOCKS-Wall Street falls ahead of CPI inflation data By Bansari Mayur Kamdar and Johann M Cherian Aug 9 (Reuters) - Wall Street's main indexes fell on Wednesday ahead of a key inflation report this week, with investors also assessing remarks from U.S. Federal Reserve officials. Rate-sensitive megacap growth and technology stocks, that have led the Wall Street rally this year, such as Nvidia NVDA.O, Apple AAPL.O and Tesla TSLA.O were down between 1.3% and 4.6%. \"We think that at this point there is some profit taking and retrenchment in the short term on the card,\" said Aadil Zaman, partner at Wall Street Alliance Group. Philadelphia Fed President Patrick Harker said on Tuesday the U.S. central bank may be at the stage where it can leave interest rates unchanged, barring any abrupt change in the direction of recent economic data. However, Fed Governor Michelle Bowman on Monday said the combination of still-elevated inflation and continued economic growth meant further rate increases are likely. Traders expect an 86.5% chance of no rate hike at the Fed's next policy meeting in September, according to CME FedWatch Tool. The Consumer Price Index (CPI) for July, due on Thursday, is expected to show a slight year-over-year acceleration. On a month-to-month basis, consumer prices are seen increasing 0.2%, the same rate as in June. \"CPI won't be major surprise. It's going to be either matching expectations most likely or slightly better than expectation, showing that inflation is cooling off,\" Zaman added. Wall Street's main indexes ended the previous session lower in a broad selloff after the downgrading of several small and mid-sized banks by credit rating agency Moody's. Big banks extended losses on Wednesday, with Bank of America BAC.N and Wells Fargo WFC.N down 1.0% and 1.5%, respectively. Adding to concerns about the global economy, China's consumer sector fell into deflation and factory-gate prices extended declines in July, as the world's second-largest economy struggled to revive demand. At 11:33 a.m. ET, the Dow Jones Industrial Average .DJI was down 154.86 points, or 0.44%, at 35,159.63, the S&P 500 .SPX was down 27.85 points, or 0.62%, at 4,471.53, and the Nasdaq Composite .IXIC was down 164.88 points, or 1.19%, at 13,719.44. Seven of the top 11 S&P 500 sectors rose, led by gains in energy stocks .SPNY, that increased 1.6%, touching a near six-month high, tracking a jump in crude oil prices. O/R Casino owner Penn Entertainment's PENN.O shares jumped 7.6% on a $2 billion deal with Walt Disney's ESPN DIS.N to launch a sports betting business. Walt Disney's shares rose 0.8% ahead of its quarterly results due after the bell. LyftLYFT.O signaled it would double down on competitive pricing to catch up with rival Uber UBER.N, taking the shine off its strong earnings forecast and sending the company's shares down 5.4%. Of the 443 S&P 500 companies that have reported results as of Tuesday, 78.6% beat analyst expectations, according to Refinit

Determine the maximum fraction of total portfolio capital that should be allocated to ^VIX, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 0.9084

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.1101 (i.e., a 11.01% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.1101 = 0.9084, capped at 1.0.
Maximum position size = 0.9084 (90.8% of portfolio).


UNG: 60-day history, VaR(99%)=-0.0587, max drawdown threshold=10%.

Question:
Asset: UNG
Daily returns (past 60 days): mean=-0.0003, std=0.0267, worst_day=-0.0615
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to UNG, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0587 (i.e., a 5.87% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0587 = 1.7041, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


CSHI: 60-day history, VaR(99%)=-0.0005, max drawdown threshold=10%.

Question:
Asset: CSHI
Daily returns (past 60 days): mean=0.0002, std=0.0003, worst_day=-0.0008
Maximum acceptable portfolio drawdown: 10%
Market regime: bull

Determine the maximum fraction of total portfolio capital that should be allocated to CSHI, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0005 (i.e., a 0.05% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0005 = 197.3517, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XRP-USD: 60-day history, VaR(99%)=-0.0672, max drawdown threshold=10%.

Question:
Asset: XRP-USD
Daily returns (past 60 days): mean=0.0060, std=0.0447, worst_day=-0.1006
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-04-10]

Determine the maximum fraction of total portfolio capital that should be allocated to XRP-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0672 (i.e., a 6.72% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0672 = 1.4870, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLY: 60-day history, VaR(99%)=-0.0266, max drawdown threshold=10%.

Question:
Asset: XLY
Daily returns (past 60 days): mean=-0.0009, std=0.0132, worst_day=-0.0277
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-11-06] ["Is Fidelity Quality Factor ETF (FQAL) a Strong ETF Right Now? Making its debut on 09/12/2016, smart beta exchange traded fund Fidelity Quality Factor ETF (FQAL) provides investors broad exposure to the Style Box - Large Cap Blend category of the market. What Are Smart Beta ETFs? For a long time now, the ETF industry has been flooded with products based on market capitalization weighted indexes, which are designed to represent the broader market or a particular market segment. Investors who believe in market efficiency should consider market cap indexes, as they replicate market returns in a low-cost, convenient, and transparent way. If you're the kind of investor who would rather try and beat the market through good stock selection, then smart beta funds are your best choice; this fund class is known for tracking non-cap weighted strategies. Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance. The smart beta space gives investors many different choices, from equal-weighting, one of the simplest strategies, to more complicated ones like fundamental and volatility/momentum based weighting. However, not all of these methodologies have been able to deliver remarkable returns. Fund Sponsor & Index Because the fund has amassed over $314.58 million, this makes it one of the average sized ETFs in the Style Box - Large Cap Blend. FQAL is managed by Fidelity. Before fees and expenses, this particular fund seeks to match the performance of the Fidelity U.S. Quality Factor Index. The Fidelity U.S. Quality Factor Index reflects the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market. Cost & Other Expenses Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same. Operating expenses on an annual basis are 0.29% for this ETF, which makes it on par with most peer products in the space. It has a 12-month trailing dividend yield of 1.38%. Sector Exposure and Top Holdings It is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis. Representing 27.20% of the portfolio, the fund has heaviest allocation to the Information Technology sector; Financials and Healthcare round out the top three. Taking into account individual holdings, Apple Inc (AAPL) accounts for about 7.69% of the fund's total assets, followed by Microsoft Corp (MSFT) and Alphabet Inc Cl A (GOOGL). The top 10 holdings account for about 31.41% of total assets under management. Performance and Risk So far this year, FQAL has added about 13.80%, and it's up approximately 17.68% in the last on

Determine the maximum fraction of total portfolio capital that should be allocated to XLY, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0266 (i.e., a 2.66% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0266 = 3.7573, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


MATIC-USD: 60-day history, VaR(99%)=-0.0693, max drawdown threshold=10%.

Question:
Asset: MATIC-USD
Daily returns (past 60 days): mean=-0.0007, std=0.0338, worst_day=-0.0806
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Determine the maximum fraction of total portfolio capital that should be allocated to MATIC-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0693 (i.e., a 6.93% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0693 = 1.4431, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLV: 60-day history, VaR(99%)=-0.0186, max drawdown threshold=10%.

Question:
Asset: XLV
Daily returns (past 60 days): mean=0.0000, std=0.0070, worst_day=-0.0209
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-11-30] ["UK antitrust regulator wins appeal over Apple probe Adds details from ruling and CMA comment in paragraphs 4-6 LONDON, Nov 30 (Reuters) - Britain's antitrust regulator won an appeal on Thursday against a ruling blocking its investigation into Apple Inc's AAPL.O mobile browser and cloud gaming services. The Competition and Markets Authority (CMA) opened a full investigation last year into the dominance of Apple and Alphabet Inc's Google GOOGL.O in mobile browsers, and the possibility of the iPhone maker restricting the cloud gaming market through its app store. Apple argued that the CMA had \"no power\" to launch such an inquiry because it did so too late and the Competition Appeal Tribunal (CAT) ruled in Apple's favour in March, but the Court of Appeal in London overturned that decision on Thursday. Judge Nicholas Green said in a written ruling that the CAT had \"lost sight\" of the CMA's role to \"promote competition and protect consumers\". Sarah Cardell, chief executive of the CMA, welcomed the decision which she said \"gives the CMA the backing it needs to protect consumers and promote competition in UK\". She added that the CMA is ready to reopen the investigation \"when the legal process is complete\". (Reporting by Sam Tobin; editing by Michael Holden) ((Sam.Tobin@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "Japan aircon king Daikin looks to custom chips for energy savings By Sam Nussey and Miho Uranaka TOKYO, Dec 1 (Reuters) - Japanese air conditioner maker Daikin Industries 6367.T is turning to custom-made semiconductors to eke out energy savings, as companies increasingly look to bespoke chip designs to enhance performance. As tech heavyweights such as Apple AAPL.O and Amazon AMZN.O spend heavily on custom cutting-edge chips, companies using legacy chips are also looking to introduce custom silicon. Osaka-headquartered Daikin, which expects to make 10 million home air conditioners in the current financial year, said it is partnering with a Japanese design company to customise logic chips for inverters used in its air conditioners. Inverters adjust the speed of an air conditioner's motor to save energy. They are standard in Japan and the European Union but less common in the United States. The custom chips, to be made by Taiwan's TSMC 2330.TW, cost more than off-the-shelf alternatives but offer better energy efficiency and allow a reduction in the use of other components, according to a Daikin executive. \"To bring out the full performance of an air conditioner's compressor and motor, we need to improve chip performance or we will hit a limit,\" Yuji Yoneda, general manger of Daikin's technology and innovation centre, said in an interview. Daikin plans to start introducing the chips in high-end air conditioners from 2025 and is looking at using them in about a fifth of units by the end of the decade. The company, which deve

Determine the maximum fraction of total portfolio capital that should be allocated to XLV, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0186 (i.e., a 1.86% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0186 = 5.3657, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLV: 60-day history, VaR(99%)=-0.0186, max drawdown threshold=10%.

Question:
Asset: XLV
Daily returns (past 60 days): mean=-0.0009, std=0.0071, worst_day=-0.0209
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-11-10] ["RPT-EXPLAINER-What is China\u2019s Singles Day, and how is it celebrated? By Granth Vanaik Nov 9 (Reuters) - Black Friday? No. Cyber Monday? Nope. Prime Day? Absolutely not. The world's biggest shopping event happens in China each year - and it's called Singles Day. Originally a holiday to celebrate being single, as a counter to Valentine's Day, the event has grown into a weeks-long online shopping festival that peaks on Nov. 11. WHEN DID THE IDEA OF SINGLES DAY ORIGINATE? The idea for Singles Day had originated at China's Nanjing University back in 1993 and was originally called \"Bachelor's Day.\" On the day, single people treat themselves with gifts and presents, while also organizing social gatherings and parties. HOW MUCH DO CONSUMERS SPEND? Last year, the total value of goods sold during the shopping bonanza - also known as \"Double 11\" - totaled 1.15 trillion yuan ($157.97 billion), according to data from consultancy firm Bain. That is more than four times the $35.3 billion U.S. shoppers spent last year during Cyber Week, the period from Black Friday to Cyber Monday, per data from Adobe Analytics. Cyber Monday immediately follows Black Friday, which falls on the day after the U.S. Thanksgiving Day holiday, the busiest shopping day of the year in the United States. But growth has been slowing even as overall sales for Singles Day hit record highs, with last year's 3% rise marking the slowest increase ever. The event has in recent years lost some of its novelty with the rise of other shopping festivals in China,including the midyear \"618\" sales that are the country's second largest. Strict COVID-19 curbs in China impacted sales last year, but several industry experts are expecting a rebound, as the economy improves and livestream sales remain robust. \"We're optimistic about growth this year because the recovery seems to be stabilizing and consumption is on a more clear upward trend,\" said Jacob Cooke, co-founder and CEO of Beijing-based WPIC Marketing + Technologies. His e-commerce consultancy firm expects sales for the Chinese shopping event to rise in the range between 14% and 18% from last year, which is higher than Adobe's projection for a 5.4% rise in Cyber Week sales. WHAT MAJOR BRANDS AND PRODUCTS ARE SHOPPERS BUYING? JD.com 9618.HK joined in 2012 and PDD Holdings-owned PDD.O Pinduoduo has also become a significant player, offering low cost products in competition with Alibaba-owned Tmall and Taobao platforms. Last year, Chinese shoppers spent more on essentials, supplements, vitamins and pet-care products. Those products are expected to stay in demand this year, along with more lifestyle-focused products such as athletic wear and sports equipment. \"There is enormous demand among Chinese consumers for products and services that improve their lifestyles and facilitate self-expression,\" Cooke said. HOW DOES SINGLES DAY COMPARE TO BLACK FRIDAY? In comparison, U.S. shoppers last year had bought more Pokemon toys, Hot Wheels, TVs,

Determine the maximum fraction of total portfolio capital that should be allocated to XLV, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000


REZ: 60-day history, VaR(99%)=-0.0212, max drawdown threshold=10%.

Question:
Asset: REZ
Daily returns (past 60 days): mean=0.0012, std=0.0096, worst_day=-0.0219
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to REZ, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0212 (i.e., a 2.12% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0212 = 4.7249, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


CSHI: 60-day history, VaR(99%)=-0.0006, max drawdown threshold=10%.

Question:
Asset: CSHI
Daily returns (past 60 days): mean=0.0002, std=0.0004, worst_day=-0.0009
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to CSHI, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0006 (i.e., a 0.06% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0006 = 165.3861, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


ETH-USD: 60-day history, VaR(99%)=-0.0542, max drawdown threshold=10%.

Question:
Asset: ETH-USD
Daily returns (past 60 days): mean=0.0059, std=0.0272, worst_day=-0.0632
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-03-01]

Determine the maximum fraction of total portfolio capital that should be allocated to ETH-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0542 (i.e., a 5.42% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0542 = 1.8466, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


VNQ: 60-day history, VaR(99%)=-0.0204, max drawdown threshold=10%.

Question:
Asset: VNQ
Daily returns (past 60 days): mean=0.0014, std=0.0085, worst_day=-0.0286
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways

Determine the maximum fraction of total portfolio capital that should be allocated to VNQ, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0204 (i.e., a 2.04% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0204 = 4.8989, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLK: 60-day history, VaR(99%)=-0.0238, max drawdown threshold=10%.

Question:
Asset: XLK
Daily returns (past 60 days): mean=0.0015, std=0.0121, worst_day=-0.0248
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
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blk:InvestmentsRelatedToDeferredCashCompensationPlansMember 2023-12-31 0001364742 us-gaap:CollateralizedLo [...TRUNCATED...] hat the Board of Directors authorized the repurchase of an additional seven million shares under the Company’s existing share repurchase program, for a total of up to approximately 7.9 million shares of BlackRock common stock. 64   Item 6. Exh ibits Exhibit No.   Description       4.1(1)   Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.2(1)   First Supplemental Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.3(1)   Form of Note for the 4.700% Notes due 2029 (included in Exhibit 4.2).       4.4(1)   Form of Note for the 5.000% Notes due 2034 (included in Exhibit 4.2).       4.5(1)   Form of Note for the 5.250% Notes due 2054 (included in Exhibit 4.2).       10.1(2)   Amendment No. 14, dated as of March 12, 2024, by and among BlackRock, Inc., certain of its subsidiaries, Wells Fargo Bank, National Association, as administrative agent, a swingline lender, an issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein.       22.1(3)   Subsidiary Issuer of Guaranteed Securities.       31.1   Section 302 Certification of Chief Executive Officer       31.2   Section 302 Certification of Chief Financial Officer       32.1   Section 906 Certification of Chief Executive Officer and Chief Financial Officer       101.INS   Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document       101.SCH   Inline XBRL Taxonomy Extension Schema with Embedded Linkbases Document       104   Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)         (1) Incorporated by reference to BlackRock’s Current Report on Form 8-K filed on March 14, 2024. (2) Incorporated by reference to BlackRock's Current Report on Form 8-K filed on March 15, 2024. (3) Incorporated by reference to BlackRock's Registration Statement on Form S-3 (Registration No. 333-278583) filed on April 9, 2024. 65   SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.       BLACKROCK, INC.     (Registrant)             By: /s/ Martin S. Small Date: May 7, 2024        Martin S. Small          Senior Managing Director & Chief Financial Officer    (Principal Financial Officer)   66

Determine the maximum fraction of total portfolio capital that should be allocated to XLK, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0238 (i.e., a 2.38% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0238 = 4.2023, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


LINK-USD: 60-day history, VaR(99%)=-0.0694, max drawdown threshold=10%.

Question:
Asset: LINK-USD
Daily returns (past 60 days): mean=0.0070, std=0.0373, worst_day=-0.0703
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Determine the maximum fraction of total portfolio capital that should be allocated to LINK-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0694 (i.e., a 6.94% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0694 = 1.4418, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


SOL-USD: 60-day history, VaR(99%)=-0.0674, max drawdown threshold=10%.

Question:
Asset: SOL-USD
Daily returns (past 60 days): mean=-0.0009, std=0.0318, worst_day=-0.0861
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-05-25]

Determine the maximum fraction of total portfolio capital that should be allocated to SOL-USD, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0674 (i.e., a 6.74% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0674 = 1.4847, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


VTI: 60-day history, VaR(99%)=-0.0113, max drawdown threshold=10%.

Question:
Asset: VTI
Daily returns (past 60 days): mean=0.0017, std=0.0069, worst_day=-0.0123
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-07-26] ["Machine Learning Megatrends: 3 AI Stocks Set to Dominate InvestorPlace - Stock Market News, Stock Advice & Trading Tips There\u2019s no denying the strength and momentum we\u2019ve seen in AI stocks this year. In fact, the top AI stocks have played an enormous role in the stock market\u2019s robust returns so far this year. While the S&P 500 was searching for direction in the first quarter, Microsoft (NASDAQ:MSFT) and Nvidia (NASDAQ:NVDA) were bombarding higher as catalyst after catalyst continued to pave the way for its AI advances. Together, the duo now accounts for more than $3.6 trillion in combined market capitalizations. However, they have ignited plenty of other stocks higher along the way, too. Some of these firms are well-known tech companies. Others are smaller, lesser-known entities in the high-growth space. Either way, the trend remains robust. Earlier this year, Billionaire investor Stanley Druckenmiller said AI could be as \u201ctransformative as the internet.\u201d If that\u2019s the case, let\u2019s look at a few of the top AI stocks to buy now. AI Stocks to Dominate: Nvidia (NVDA) Source: sdx15 / Shutterstock.com There\u2019s no denying that Nvidia is the most dominant name in AI right now. In some measures, it has no competition, so while its stock gains are astronomical (and even somewhat comical), what\u2019s going to stop Nvidia from printing money at this moment? Nothing! Shares are currently up more than 215% so far this year and up more than 300% from the 2022 lows. Going into earnings in late May, the stock was up almost 110%, and the bullish bets had been piling up. I distinctly remember most investors assuming it couldn\u2019t go much higher, as it had made up almost all of its bear market losses and run a great deal going into the event. Then the company blew out expectations, while management guided for current-quarter revenue of roughly $11 billion vs. expectations of just $7 billion, and the stock erupted. Shares closed higher by almost 25% the next day and have now climbed 50% since that report. My point is, what if Nvidia has another massive revenue guidance this quarter? What company is stepping in to soak up the excess demand for its AI chips? For now, Nvidia remains at the forefront of AI domination. Best Machine Learning Stocks: Alphabet (GOOGL, GOOG) Source: IgorGolovniov / Shutterstock.com ChatGPT is owned by OpenAI, a firm that Microsoft had invested in previously but made another big investment in earlier this year. That\u2019s as the company\u2019s ChatGPT platform exploded in popularity, garnering more than 100 million active users in record time. In the minds of investors, that made Microsoft a top AI play seemingly overnight. To pour salt on the wound for Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG), the company had a somewhat embarrassing gaff with its own AI chat platform, Bard. Now, there are a few things to take note of here. First, Alphabet hasn\u2019t been the best at building out platforms outside of

Determine the maximum fraction of total portfolio capital that should be allocated to VTI, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0113 (i.e., a 1.13% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0113 = 8.8388, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLF: 60-day history, VaR(99%)=-0.0196, max drawdown threshold=10%.

Question:
Asset: XLF
Daily returns (past 60 days): mean=0.0005, std=0.0094, worst_day=-0.0229
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2023-06-26] ["Is Trending Stock Apple Inc. (AAPL) a Buy Now? Apple (AAPL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this maker of iPhones, iPads and other products have returned +6.4% over the past month versus the Zacks S&P 500 composite's +5% change. The Zacks Computer - Mini computers industry, to which Apple belongs, has gained 8.7% over this period. Now the key question is: Where could the stock be headed in the near term? Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Earnings Estimate Revisions Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Apple is expected to post earnings of $1.18 per share for the current quarter, representing a year-over-year change of -1.7%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.1%. For the current fiscal year, the consensus earnings estimate of $5.99 points to a change of -2% from the prior year. Over the last 30 days, this estimate has remained unchanged. For the next fiscal year, the consensus earnings estimate of $6.64 indicates a change of +10.8% from what Apple is expected to report a year ago. Over the past month, the estimate has changed -0.1%. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Apple is rated Zacks Rank #3 (Hold). The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Projected Revenue Growth While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period witho

Determine the maximum fraction of total portfolio capital that should be allocated to XLF, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0196 (i.e., a 1.96% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0196 = 5.0920, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


DBB: 60-day history, VaR(99%)=-0.0258, max drawdown threshold=10%.

Question:
Asset: DBB
Daily returns (past 60 days): mean=-0.0014, std=0.0113, worst_day=-0.0296
Maximum acceptable portfolio drawdown: 10%
Market regime: bull

Determine the maximum fraction of total portfolio capital that should be allocated to DBB, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0258 (i.e., a 2.58% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0258 = 3.8786, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).


XLY: 60-day history, VaR(99%)=-0.0383, max drawdown threshold=10%.

Question:
Asset: XLY
Daily returns (past 60 days): mean=-0.0028, std=0.0171, worst_day=-0.0385
Maximum acceptable portfolio drawdown: 10%
Market regime: sideways
Recent filing/news:
[Kaggle 2022-12-30] ["Have $500? These 2 Stocks Could Be Bargain Buys for 2023 and Beyond Regularly adding money to stocks can be one of the smartest financial moves you make. The popular market barometer, the S&P 500 index, has returned 11% per year since 1950, which includes several market crashes along the way. The key is consistency. Adding $500 per month to growing companies will put you well on the way to retiring a millionaire. Here are two bargain growth stocks that are begging to be bought right now. 1. MercadoLibre The growth of global e-commerce is expected to hit $58 trillion worldwide by 2028, and one of the fastest-growing e-commerce regions in the world is Latin America. Argentina, Brazil, and Mexico are seeing explosive growth in online sales, serving as a strong tailwind for MercadoLibre (NASDAQ: MELI) -- the leading online-commerce ecosystem in Latin America. MercadoLibre connects buyers and sellers through its online marketplace. It offers mobile payments both online and at the point of sale, consumer credit, and shipping and advertising services to small businesses. A vast number of transactions in Latin America are still completed with cash, which lends to a long runway of growth, and this is clearly reflected in the company's recent performance. In the third quarter, revenue and total payment volume were up 61% and 76%, respectively, in local currency. MercadoLibre's fintech business reached 40 million active users, representing the most quarterly additions to its ecosystem in the last two years. What's more, MercadoLibre is reinvesting in marketing and technology for more growth while reporting an improving operating profit margin. Its recent growth is testament to the company's competitive advantages in selection, price competitiveness, and the overall effectiveness of its merchant services. The market is severely undervaluing the company's improving profitability. Despite continuing to post robust growth, the stock sells at a low valuation of 27 times trailing free cash flow. This stock is a good bet at these levels. 2. Roku The growing adoption of smart TVs and streaming is still a huge opportunity for leading developers of TV operating systems. The market for connected TVs is expected to grow about 15% per year through 2026, according to Mordor Intelligence. This opportunity is attracting many competitors, including Apple, Samsung, Alphabet's Android, and Amazon, that offer their own devices and software. But Roku (NASDAQ: ROKU) has the leading market share in the U.S. The stock fell hard over the past year, as sales of TVs dropped amid supply chain issues and inflation pressuring consumer spending. But these headwinds will eventually clear and send Roku off to the races. Investors only need to look at the company's recent numbers to see the value here. Even with lower sales of streaming devices dragging down Roku's growth, the company's platform segment, which includes advertising revenue, increased by 15% year over year in the third quar

Determine the maximum fraction of total portfolio capital that should be allocated to XLY, given the drawdown constraint. Report as a decimal between 0.00 and 1.00 (e.g., 0.25 = 25%; maximum is 1.00 = 100% of portfolio).

Answer: 1.0000

Explanation:
Step 1: Compute |VaR(99%)| from historical returns = 0.0383 (i.e., a 3.83% loss in the worst 1% of days).
Step 2: Fixed-fractional formula: f* = 10% / 0.0383 = 2.6132, capped at 1.0.
Maximum position size = 1.0000 (100.0% of portfolio).