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APM Performance Since Inception to 30-Sep-09
AUM as of 30-Sep-09  $     867,026
APM Portfolio NASDAQ Excess Return
9/30/2009 11.0% 16.4% -5%
2008 -43.3% -40.5% -3%
2007 21.4% 7.8% 14%
2006 32.8% 9.5% 23%
2005 17.3% 1.4% 16%
2004 23.0% 8.6% 14%
2003 124.7% 50.0% 75%
2002 18.2% -31.5% 50%
2001 -11.4% -21.1% 10%
2000 -6.2% -39.3% 33%
1999 55.8% 85.6% -30%
1998 -14.0% 39.7% -54%
1997 24.4% 21.6% 3%
1996 -3.6% 22.7% -26%
1995 17.0% 39.9% -23%
1994 21.0% -3.2% 24%
Cumulative Return 534.1% 103.0% 54.0%
Compound Annual Return 12.6% 4.6% 2.8%
Alpha 8.1%
Beta              0.56
Standard Deviation 36.4% 34.0% 31.8%
Average Annual Return 18.0% 10.5% 7.5%
Drawdown through 30-Sep-09
APM NASDAQ DJIA SP500
Maximum Drawdown 0.66 1.08 0.56 0.60
MAR 5.0% 5.0% 5.0% 5.0%
Downside Deviation 7.7% 9.5% 8.0% 8.3%
Upside Dev 11.1% 9.7% 4.5% 4.9%
Sortino Ratio 0.99 -0.04 0.44 0.33
Sharpe Ratio 0.55 -0.02 0.45 0.37
Treynor 13.48
ROMAD              0.37              0.15              0.25              0.29
Max Drawdown Date 9/30/2007 3/31/2000 12/31/2007 6/30/2007
End of Max DD 6/30/2009 12/31/2002 6/30/2009 6/30/2009
Years              1.75              2.75              1.50              2.00
Annual drawdown              0.34              0.31              0.35              0.27