Hennessee Short Biased Index

The funds in the Hennessee Short Biased Index typically have long and short equity positions with an overall net short exposure to the market. Investments can be fundamental, technical, or event driven. This style can be used as a hedge against long-only portfolios and by investors who feel the market is approaching or in a bearish cycle.

Summary Statistics (Jan-93 to Dec-12)
                           
  Annualized Compound Return Annualized Standard Deviation Sharpe
Ratio
Sortino
Ratio
Annualized Alpha
(versus Benchmark)
Correlation
(versus Benchmark)
Hennessee Short Biased Index -3.35% 17.66% -0.12 -0.31 N/A N/A
S&P 500 6.11% 15.11% 0.45 0.54 4.36% -0.74
Nasdaq Composite Index 7.76% 23.91% 0.42 0.45 4.39% -0.81
                           
  Number of Months % of Months
Positive
Largest Consecutive Loss Value of $1000
(Invested at Inception)
Postive Negative % Months Peak Valley
Hennessee Short Biased Index 109 131 45% -62.64% 69 Jun-94 Mar-00 $506
S&P 500 149 91 62% -52.56% 16 Oct-07 Feb-09 $3,273
Nasdaq Composite Index 138 102 58% -75.04% 31 Feb-00 Sep-02 $4,460
                           
Historical Performance (Jan-93 to Dec-12)
                           
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2012 -4.67% -4.19% -0.86% 0.13% 5.66% -3.68% 0.54% -2.85% -3.73% -0.34% -1.41% -3.61% -17.82%
2011 -1.46% -1.59% -1.25% -2.28% 0.31% 1.56% 2.82% 5.02% 4.10% -4.41% 1.41% -1.96% 1.84%
2010 2.54% -2.34% -4.74% -1.98% 4.37% 4.18% -4.40% 4.18% -6.50% -2.76% -2.00% -5.09% -14.35%
2009 3.73% 3.51% -4.04% -5.75% 0.06% -1.12% -5.17% -0.76% -3.74% 2.95% -3.00% -4.00% -16.56%
2008 4.71% 3.13% 1.27% -3.20% -1.47% 7.13% -0.39% -1.79% 3.05% 9.21% 3.36% -1.68% 25.02%
2007 -1.27% 0.82% 0.86% -2.24% -2.00% 1.84% 4.13% 0.65% -1.17% 0.36% 6.62% 0.89% 9.53%
2006 -2.60% 0.44% -0.95% 0.44% 3.63% 1.04% 1.78% -1.12% -1.91% -3.34% -1.82% 0.24% -4.32%
2005 4.33% 2.01% 1.93% 3.59% -3.97% -0.57% -1.53% 2.25% 2.35% 2.69% -2.84% -0.20% 10.11%
2004 -0.33% 1.04% -2.23% 4.16% 0.48% 0.42% 8.23% 3.40% -2.44% -1.28% -8.09% -4.76% -2.37%
2003 -0.93% -0.68% 0.13% -4.91% -3.66% -2.95% -2.53% -1.60% -0.20% -4.74% -0.36% -2.81% -22.65%
2002 2.09% 2.83% -3.87% 2.89% 2.72% 4.20% 2.66% -1.11% 4.26% -1.02% -3.43% 3.05% 15.87%
2001 -4.20% 9.18% 4.88% -11.75% -0.96% 0.28% 2.46% 5.80% 13.41% -1.11% -2.78% -0.73% 12.81%
2000 2.46% -5.49% -0.04% 4.69% 3.92% -5.70% 5.12% -4.29% 8.49% 4.21% 13.45% 1.40% 29.94%
1999 -6.57% 7.38% 1.24% -2.20% 0.22% -4.18% 0.61% 5.04% 3.61% -2.07% -7.13% -5.16% -9.91%
1998 0.10% -8.66% -0.76% -3.08% 8.68% -4.53% 1.54% 32.05% -10.40% -11.32% -8.43% -13.83% -23.29%
1997 -1.92% 6.69% 8.62% -1.18% -5.79% -3.21% -4.74% 3.22% -4.33% 6.48% 2.19% 0.11% 4.95%
1996 -0.35% -7.06% -0.93% -8.44% -3.47% 10.11% 13.63% -5.62% -15.75% 6.47% -6.95% 4.63% -16.37%
1995 4.55% -4.11% -4.20% -0.48% -5.75% -12.09% -10.88% -0.76% -3.19% 3.96% -1.54% 3.06% -28.47%
1994 -3.10% 2.44% 8.19% 2.97% 3.47% 8.85% -4.28% -9.80% 1.56% -2.51% 6.85% -2.62% 10.78%
1993 -0.74% 4.86% -3.05% 4.22% -7.83% 1.47% 3.58% -2.93% -1.87% -2.72% 2.32% -1.46% -4.81%

 

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