Thursday, March 07, 2002 1:50:50 AM
Portfolio Control or Portfolio Set Point? From your description, it is clear that the meaning of the term Set Point, as used in industrial control systems, covers the function of the Portfolio Control. But is that reason enough to change the name? I am always wary of that: it causes no end of confusion.
To counter your proposal, I would just say that Control as one of its meanings has: Standard of comparison. So we might say that the Set Point is the Control of an industrial control system.
And another point, on the Vortex method: you talk about Vortex buying more before the reference point, and less after it, as something that could be a feature or a flaw. A more important aspect might be, that a Vortex setup that wants to be comparable with AIM will have a scaling factor <1. This means that the PC drops with each buy, and rises with each sell, because not all the losses are compensated with the new buy (or not all gains sold off), and PC always equals Share Value after the last transaction. How do we like the movements of the Vortex PC?
Regards,
Karel
To counter your proposal, I would just say that Control as one of its meanings has: Standard of comparison. So we might say that the Set Point is the Control of an industrial control system.
And another point, on the Vortex method: you talk about Vortex buying more before the reference point, and less after it, as something that could be a feature or a flaw. A more important aspect might be, that a Vortex setup that wants to be comparable with AIM will have a scaling factor <1. This means that the PC drops with each buy, and rises with each sell, because not all the losses are compensated with the new buy (or not all gains sold off), and PC always equals Share Value after the last transaction. How do we like the movements of the Vortex PC?
Regards,
Karel
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