Replies to post #470 on VMC PSL 20

[SSKILLZ1]

VMC PSL 20 Indexes

Commentary: We have numerous indexes to present this contest. So without further ado let me give a brief explanation of them. The The Top 17 Index is made up of all stock being picked at least 3 times in the contest, this index is equally weighted. The Top 185 Index, is also equally weighted, and measures the average performance of all the stocks picked in this contest (Our stock universe). The Average Portfolio Return, measure the average performance of the 46 portfolios. These indexes or averages should be familiar to everyone, as I have presented these in past contest(s).

Other indexes to be presented: Average Wildcard Index this index measures the average performance of the 21 wildcards chosen in the contest, this index is equally weighted. Average Non Wildcard Index This index measures the average performance of the 164 non-wildcard entries, and this index is also equally weighted as well. Average Wildcard Index (Weighted Average) this index only difference from the Average Wildcard Index is this index uses a weighted average approach. What this basically means is there are 23 units in this portfolio, obviously the majority of stocks only have 1 unit, but a stock like ITSI.OB has 3 units because it was picked 3 times in the contest. Average Non Wildcard Index (Weighted Average) this index only difference from the Average Non Wildcard Index is this index uses a weighted average approach. What this basically means is there are 253 units in this portfolio, obviously the majority of stocks only have 1 unit, but a stock like MMT.V is weighted much more heavily and has 13 units because it was picked 13 times in the contest. Next, we get to the Average Portfolio (Original) the only difference between this index and the average portfolio return is it excludes the impact of transactions, meaning if no one could make transactions (Which is obviously not the case) this would be the average portfolio return. The Champions Index is basically and index that takes the average of the all the former PSL champions in PSL 20. If you have any questions don’t hesitate to ask, and I will answer them to the best of my ability. Hope you enjoy the info.

Top 17 Index: +19.83%
Top 185 Index: +10.83%
Average Portfolio Return: +14.92%
Average Wildcard Index: -0.28%
Average Non Wildcard Index: +12.25%
Average Wildcard Index (Weighted Average): -1.99%
Average Non Wildcard Index (Weighted Average): +14.23%
Average Portfolio Return (Original): +12.88%
Champions Index: +14.72%