10 Stop Neutral Density 20 second time exposure.
Bohr is the final portfolio up for review in February. This portfolio is new to the Asset Allocation investing model so we are looking to the Jensen Performance Index or Jensen Alpha to see if the account is gaining or losing ground to the benchmark. Do to cash limitation it will be several months before the portfolio is in balance. Since this account is greater than $100,000 the target percentages should be within plus or minus 0.5% of the target percentage.
Bohr Asset Allocation Portfolio
As of this morning the asset allocations for the Bohr are as shown in the following screenshot. A few asset classes are above target and I’ll let those run. Available cash is used to build up asset classes currently under target.
Bohr Rebalancing Recommendations
The purple arrow points to the limit orders in place to bring asset classes below target up to the target percentages. Since the last review I added SHV to the stable of ETFs. This resulted in some adjustments within the other asset classes and this is why there is still an imbalance.
Bohr Performance Data
The Bohr is still far behind the AOR benchmark. This is another example where cash was needed and the withdrawals occurred when the market was down. Now we see the penalty as the equities market continues to climb.
Bohr Risk Ratios
When the IRR is far behind we look to the Jensen Alpha to see how well the portfolio is performing based on the underlying risk. Over the past year we see some improvement in both the Jensen and Information ratios.
One goal for the Bohr is to sustain a positive slope for the Jensen.
Copernicus Portfolio Review: 24 February 2025
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I planned to update the Bohr portfolio this morning, but Tiingo data is one day old. Due to the major draw-down this morning I will wait until tomorrow to update the Bohr.
As an aside, I dialed into CNBC this morning to see how the conservative hosts are reacting to the market debacle. Yesterday, Individual-1 stated how much foreign countries are charging us through their tariffs. The percentages seemed excessive so further checking seemed in order. Upon detailed analysis the percentages were simply made up and had no bearing in actual fact. False information flowing out of the mouth of a pathological liar comes as no surprise.
Lowell