Alaskan Malamute awaits treat.
The Franklin is not scheduled for a full review. I want to begin the March risk ratios so this is an update for this Sector BPI portfolio. Checking the Bullish Percent Indicators (BPI) data this morning, nothing significant changed. Utilities continues to be over-sold and that is the sole sector that is under the waterline.
Franklin Sector Recommendations
Below is the sector investment quiver for the Franklin and you can see that this portfolio is 3.0% above the recommended 15% percentage. I’ll not worry about this overage.
Franklin Performance Data
Over the past 14 plus months the Franklin has outperformed the AOA, AOR, and SPY benchmarks. As you might recall, the Franklin is a portfolio that was foundering as a Dual Momentum portfolio. Thus the switch to the Sector BPI model. Thus far this has been a positive move.
Franklin Risk Ratios
The current Jensen Alpha value of -2.2 is higher than any past number, but still in negative territory. The trend is all important. The Information Ratio is in positive territory and gaining a small amount month after month.
If the Franklin can keep the trend going in the right direction the slope of the Jensen should turn positive by next September or October.
Buying Guidelines For BPI Model Portfolios: 9 December 2022
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