Hi Tom, Looking at older AIM things for inspiration and/or solutions I came across your AIM Backtest with Vealies and had two questions. One, is it possible to get the formulas you used in the spreadsheet?
I noticed, in reviewing it, you also had B&H as well as a Draw down columns. I did it slightly differently in that I did a Portfolio Return and a Stock Return (as a proxy for B&H) as percentages, not dollars. I like your Draw Down column as well.
The other question, and one you told me a looong time ago but it slipped my mind to follow up, why do you use Adjusted Price rather than Close of Day/Week/Month price? That does not make a lot of sense to me as it almost always means that past prices are lower because of dividends and stock splits. This, it would seem to me, that it would create a bias toward selling or am I wrong about that?
Best,
Allen
PS, Have you gotten around to making that CD/DVD of the old AIM web site so I can resurrect it? Not a hurry by any means.
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