Docstoc

120330 alpha

Document Sample
120330 alpha Powered By Docstoc
					                                                                                                                                                                                                                                                                                                      Analisi performance
Portafoglio: ALPHA 80-20                                                                Benchmark: FIDMOBBL                                                                     Dt inizio: 10/22/2009                                                                  Dt fine: 03/27/2012                                            Valuta: EUR
Periodo: 1 G                                                                                                                                                Dati stor: Rend tot                                                                                                                                           TR Week: Port Default

                                                                                             Rend tot: 17.562 Benchmark: 4.203                                                                                                                                                              Analisi performance
     20.00                                                                                                                                                                                                                                                       Performance: Giornaliero                        Portafoglio           Benchmark
                                                                                                                                                                                                                                                                 Total Return 1 Mesi                                   1.15                  0.48
                                                                                                                                                                                                                                                                 Total Return MTD                                      0.37                  0.27
                                                                                                                                                                                                                                                                 Total Return QTD                                      4.26                  3.83
                                                                                                                                                                                                                                                                 Total Return YTD                                      4.26                  3.83
     15.00                                                                                                                                                                                                                                                       Total Return 3 Mesi                                   4.79                  4.27
                                                                                                                                                                                                                                                                 Total Return 6 Mesi                                   7.00                  5.86
                                                                                                                                                                                                                                                                 Total Return 1 Anno                                   9.81                  0.71
                                                                                                                                                                                                                                                                 Total Return 2 Anno                                  11.97                  1.54
                                                                                                                                                                                                                                                                 Total Return 3 Anno                                       --               13.39
     10.00

                                                                                                                                                                                                                                                                 Risk: Settimanale
                                                                                                                                                                                                                                                                 Standard Deviation 1 Anni                                5.46               6.63
                                                                                                                                                                                                                                                                 Semivariance 1 Anno                                      4.30               7.19
      5.00                                                                                                                                                                                                                                                       Beta 1 Anno                                              0.48                  --
                                                                                                                                                                                                                                                                 Correlation 1 Anno                                       0.58                  --
                                                                                                                                                                                                                                                                 R-Squared 1 Anno                                         0.34                  --
                                                                                                                                                                                                                                                                 Information Ratio 1 Anno                                 1.54                  --
                                                                                                                                                                                                                                                                 Sharpe Ratio vs Risk Free 1 Anno                         1.66               0.01
      0.00                                                                                                                                                                                                                                                       Tracking Error 1 Anno                                    5.62                  --




     -5.00
             10

                  11

                         12

                                 1/

                                       2/

                                             3/

                                                     4/

                                                           5/

                                                                 6/

                                                                         6/

                                                                               7/

                                                                                     8/

                                                                                             9/

                                                                                                   10

                                                                                                         11

                                                                                                                 12

                                                                                                                        1/

                                                                                                                             1/

                                                                                                                                   2/

                                                                                                                                            3/

                                                                                                                                                  4/

                                                                                                                                                         5/

                                                                                                                                                                6/

                                                                                                                                                                      7/

                                                                                                                                                                             8/

                                                                                                                                                                                    9/

                                                                                                                                                                                                 9/

                                                                                                                                                                                                       10

                                                                                                                                                                                                                11

                                                                                                                                                                                                                         12

                                                                                                                                                                                                                              1/

                                                                                                                                                                                                                                    2/

                                                                                                                                                                                                                                             3/
                                  17

                                        13

                                                12

                                                      8/

                                                            5/

                                                                    1/

                                                                          28

                                                                                25

                                                                                        21

                                                                                              17




                                                                                                                        3/

                                                                                                                              30

                                                                                                                                       26

                                                                                                                                             25

                                                                                                                                                    21

                                                                                                                                                           18

                                                                                                                                                                 14

                                                                                                                                                                        11

                                                                                                                                                                               7/

                                                                                                                                                                                    3/

                                                                                                                                                                                                  30




                                                                                                                                                                                                                               16

                                                                                                                                                                                                                                        12

                                                                                                                                                                                                                                             10
             /2

                    /2

                            /2




                                                                                                    /1

                                                                                                            /1

                                                                                                                   /7




                                                                                                                                                                                                           /2

                                                                                                                                                                                                                    /2

                                                                                                                                                                                                                         /2
                                                       20

                                                               20

                                                                     20




                                                                                                                         20




                                                                                                                                                                               20

                                                                                                                                                                                        20
               8/

                       4/

                             1/

                                   /2

                                           /2

                                                 /2




                                                                           /2

                                                                                   /2

                                                                                         /2

                                                                                               /2

                                                                                                       4/

                                                                                                              0/

                                                                                                                   /2




                                                                                                                                  /2

                                                                                                                                        /2

                                                                                                                                              /2

                                                                                                                                                      /2

                                                                                                                                                            /2

                                                                                                                                                                   /2

                                                                                                                                                                          /2




                                                                                                                                                                                                      /2

                                                                                                                                                                                                               7/

                                                                                                                                                                                                                    3/

                                                                                                                                                                                                                          0/

                                                                                                                                                                                                                                   /2

                                                                                                                                                                                                                                        /2

                                                                                                                                                                                                                                              /2
                  20

                        20

                              20

                                      01

                                            01

                                                  01

                                                           10

                                                                10

                                                                      10

                                                                              01

                                                                                    01

                                                                                          01

                                                                                                  01

                                                                                                         20

                                                                                                              20

                                                                                                                      01

                                                                                                                             11

                                                                                                                                  01

                                                                                                                                         01

                                                                                                                                                 01

                                                                                                                                                       01

                                                                                                                                                              01

                                                                                                                                                                     01

                                                                                                                                                                           01

                                                                                                                                                                                  11

                                                                                                                                                                                                 11

                                                                                                                                                                                                      01

                                                                                                                                                                                                               20

                                                                                                                                                                                                                     20

                                                                                                                                                                                                                              20

                                                                                                                                                                                                                                   01

                                                                                                                                                                                                                                         01

                                                                                                                                                                                                                                                  01
                   09

                         09

                                 09

                                       0

                                             0

                                                      0




                                                                               0

                                                                                     0

                                                                                             0

                                                                                                    0

                                                                                                         10

                                                                                                                 10

                                                                                                                        0




                                                                                                                                     1

                                                                                                                                            1

                                                                                                                                                  1

                                                                                                                                                         1

                                                                                                                                                                1

                                                                                                                                                                      1

                                                                                                                                                                             1




                                                                                                                                                                                                       1

                                                                                                                                                                                                                11

                                                                                                                                                                                                                         11

                                                                                                                                                                                                                              11

                                                                                                                                                                                                                                    2

                                                                                                                                                                                                                                             2

                                                                                                                                                                                                                                                  2
                                                                                                  FIDMOBBL                        ALPHA 80-20




                                                                Performance vs Benchmark                                                                                                                                                                     Distribuzione rendimento
     14.00                                                                                                                                                                                            120

     12.00
                                                                                                                                                                                                      100
     10.00
                                                                                                                                                                                                       80
      8.00

      6.00                                                                                                                                                                          Periodictà         60

      4.00
                                                                                                                                                                                                       40
      2.00
                                                                                                                                                                                                       20
      0.00

     -2.00                                                                                                                                                                                                 0
             11

                   12

                         1/

                                 3/

                                       4/

                                            5/

                                                  6/

                                                           8/

                                                                9/

                                                                      10

                                                                              11

                                                                                    12

                                                                                          2/

                                                                                               3/

                                                                                                       4/

                                                                                                              6/

                                                                                                                   7/

                                                                                                                         8/

                                                                                                                                9/

                                                                                                                                       10

                                                                                                                                             12

                                                                                                                                                    1/

                                                                                                                                                           2/




                                                                                                                                                                                                                    -0

                                                                                                                                                                                                                         -0

                                                                                                                                                                                                                               -0

                                                                                                                                                                                                                                        -0

                                                                                                                                                                                                                                             -0

                                                                                                                                                                                                                                                   -0

                                                                                                                                                                                                                                                            -0

                                                                                                                                                                                                                                                                 -0

                                                                                                                                                                                                                                                                      -0




                                                                                                                                                                                                                                                                                   0.

                                                                                                                                                                                                                                                                                         0.

                                                                                                                                                                                                                                                                                                 0.

                                                                                                                                                                                                                                                                                                      0.

                                                                                                                                                                                                                                                                                                           0.

                                                                                                                                                                                                                                                                                                                0.

                                                                                                                                                                                                                                                                                                                     0.

                                                                                                                                                                                                                                                                                                                          0.

                                                                                                                                                                                                                                                                                                                                 0.

                                                                                                                                                                                                                                                                                                                                      1.
                         23

                                  2/

                                       9/

                                             17

                                                      24

                                                           1/

                                                                 8/




                                                                                          7/

                                                                                                  17

                                                                                                         24

                                                                                                              1/

                                                                                                                    9/

                                                                                                                           16

                                                                                                                                  23




                                                                                                                                                      15

                                                                                                                                                            22




                                                                                                                                                                                                                                                                                    15

                                                                                                                                                                                                                                                                                            25

                                                                                                                                                                                                                                                                                                 35

                                                                                                                                                                                                                                                                                                      45

                                                                                                                                                                                                                                                                                                           55

                                                                                                                                                                                                                                                                                                                65

                                                                                                                                                                                                                                                                                                                     75

                                                                                                                                                                                                                                                                                                                           85

                                                                                                                                                                                                                                                                                                                                 95

                                                                                                                                                                                                                                                                                                                                      05
                                                                                                                                                                                                                    .9

                                                                                                                                                                                                                          .8

                                                                                                                                                                                                                                   .7

                                                                                                                                                                                                                                        .6

                                                                                                                                                                                                                                              .5

                                                                                                                                                                                                                                                       .4

                                                                                                                                                                                                                                                            .3

                                                                                                                                                                                                                                                                 .2

                                                                                                                                                                                                                                                                      .1
              /8

                    /1




                                                                         /1

                                                                               /2

                                                                                     /3




                                                                                                                                        /3

                                                                                                                                               /8
                                  20

                                        20




                                                            20

                                                                    20




                                                                                             20




                                                                                                               20

                                                                                                                      20




                                                                                                                                                                                                                     5

                                                                                                                                                                                                                              5

                                                                                                                                                                                                                                   5

                                                                                                                                                                                                                                         5

                                                                                                                                                                                                                                                  5

                                                                                                                                                                                                                                                       5

                                                                                                                                                                                                                                                             5

                                                                                                                                                                                                                                                                  5

                                                                                                                                                                                                                                                                       5
               /2

                       6/

                             /2




                                                 /2

                                                      /2




                                                                          6/

                                                                                3/

                                                                                        1/



                                                                                                    /2

                                                                                                         /2




                                                                                                                             /2

                                                                                                                                   /2

                                                                                                                                          1/

                                                                                                                                                 /2

                                                                                                                                                       /2

                                                                                                                                                              /2
                  00

                        20

                              01

                                      10

                                            10

                                                 01

                                                         01

                                                                10

                                                                     10

                                                                           20

                                                                                   20

                                                                                         20

                                                                                               11

                                                                                                    01

                                                                                                            01

                                                                                                                   11

                                                                                                                        11

                                                                                                                              01

                                                                                                                                     01

                                                                                                                                            20

                                                                                                                                                  01

                                                                                                                                                         01

                                                                                                                                                                01
                   9

                         09

                                 0




                                                     0

                                                           0




                                                                              10

                                                                                    10

                                                                                          10



                                                                                                       1

                                                                                                              1




                                                                                                                                1

                                                                                                                                       1

                                                                                                                                             11

                                                                                                                                                    1

                                                                                                                                                           2

                                                                                                                                                                 2




The format and content of this report may not be modified or altered (including, but not limited to, via deletion or addition) in any way.The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance L.P. (“BFLP”) and its subsidiaries in all jurisdictions
other than Argentina, Bermuda, China, India, Japan and Korea (the “BLP Countries”). BFLP is a wholly-owned subsidiary of Bloomberg L.P. (“BLP”). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-
BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates.



Bloomberg ®         Performance              03/30/2012 04:13:04                                                                                                                                                                                                                                                                                1
                                                                                                                                                                                                                                                              Analisi performance
Portafoglio: ALPHA 80-20                                                    Benchmark: FIDMOBBL                                                        Dt inizio: 10/22/2009                                                Dt fine: 03/27/2012                                                 Valuta: EUR
Periodo: 1 G                                                                                                                          Dati stor: Rend tot                                                                                                                          TR Week: Port Default

                                   Analisi periodo assoluto                                              Analisi periodo                                                                             1 G Return
                                                                                                                                                   Positiva        Negativa               Tot                                 Performance periodica                         Performance cumulativa
       1.00
                                                                                                         Numero                                        347             286               633                           Portafoglio Benchmark                  +/-     Portafoglio Benchmark                +/-
                                                                                                         %                                           54.82           45.18             100.00        03/27/2012               0.10       -0.11               0.20          17.56        4.20             13.36
                                                                                                         Media                                        0.21            -0.19              0.03        03/26/2012               0.21        0.15               0.06          17.45        4.32             13.13
                                                                                                         Dev standard                                 0.18             0.18              0.26        03/23/2012              -0.03       -0.05               0.02          17.20        4.16             13.05
       0.50
                                                                                                         Sequenza mass                                   14               5                14        03/22/2012              -0.34       -0.30              -0.04          17.24        4.21             13.03
                                                                                                         Sequenza media                               2.20             1.81              2.00        03/21/2012               0.23       -0.05               0.28          17.64        4.52             13.11
                                                                                                                                                                                                     03/20/2012              -0.24       -0.27               0.03          17.37        4.58             12.79
                                                                                                                                                                                                     03/19/2012              -0.32       -0.06              -0.25          17.65        4.86             12.79
                                                                                                                                                                                                     03/16/2012              -0.06       -0.03              -0.03          18.03        4.93             13.10
       0.00                                                                                                                                                                                          03/15/2012              -0.27        0.11              -0.38          18.10        4.96             13.14
                                                                                                                                                                                                     03/14/2012               0.04        0.10              -0.06          18.41        4.84             13.57
                                                                                                                                                                                                     03/13/2012               0.32        0.43              -0.11          18.37        4.74             13.63
                                                                                                         Migliori-Peggiori                                                                           03/12/2012              -0.21       -0.06              -0.15          17.99        4.29             13.70
                                                                                                                                                          Performance                   Data         03/09/2012               0.82        0.21               0.62          18.24        4.35             13.89
      -0.50                                                                                              Migliore 1                                               0.94            11/30/2011         03/08/2012              -0.07        0.39              -0.46          17.28        4.14             13.14
                                                                                                         Migliore 2                                               0.91            12/01/2011         03/07/2012              -0.01        0.08              -0.09          17.36        3.73             13.63
                                                                                                         Migliore 3                                               0.90            08/12/2011         03/06/2012              -0.24       -0.68               0.44          17.37        3.65             13.73
                                                                                                         Peggiore 1                                              -0.93            08/05/2011         03/05/2012               0.00       -0.22               0.22          17.65        4.35             13.30
                                                                                                         Peggiore 2                                              -0.93            10/04/2011         03/02/2012               0.31        0.17               0.13          17.66        4.58             13.07
      -1.00                                                                                              Peggiore 3                                              -0.78            10/10/2011         03/01/2012               0.14        0.46              -0.32          17.30        4.40             12.89
                                                                                                                                                                                                     02/29/2012               0.59        0.08               0.51          17.13        3.92             13.21
              11

                   1/

                        3/

                     5/ 01

                     6/ 10

                     8/ 01

                     10 01

                     12 20

                     1/ 01

                     3/ 01

                     5/ 01

                     7/ 01

                     9/ 01

                     10 11

                     12 / 20

                     2/ / 20
                    17

                       12 10

                       5/

                       28

                       21 0




                       30 0

                       25 1

                       18 1

                       11 1

                       3/




                       12 11
               /2




                        /1 0

                        / 7 10




                        /2

                        / 2 11



                                                                                                                                                                                                     02/28/2012               0.19        0.13               0.06          16.44        3.84             12.61
                          20




                          20
                4/

                           /2

                           /2



                           /2

                           /2

                           4/

                           /2

                           /2

                           /2

                           /2

                           /2



                           7

                           0

                           /2
                   20

                              0




                              01

                                                                                                                                                                                                     02/27/2012               0.26        0.06               0.19          16.22        3.70             12.52
                    09



                                 0




                                 1




                                 2


                                                                                                                                                                                                     02/24/2012              -0.39        0.03              -0.42          15.93        3.64             12.29
                                                                                                                                                                                                     02/23/2012              -0.25       -0.15              -0.09          16.38        3.61             12.77
                                                                                                                                                                                                     02/22/2012               0.23       -0.19               0.42          16.67        3.77             12.90
                                                                                                                                                                                                     02/21/2012               0.01       -0.07               0.08          16.41        3.97             12.44
                                                                                                                                                                                                     02/20/2012              -0.09        0.21              -0.30          16.39        4.04             12.35
                                   Analisi periodo relativo                                              Analisi periodo                                                                             02/17/2012              -0.01        0.15              -0.16          16.50        3.83             12.67
       1.50
                                                                                                                                           Positiva     Negativa      Coerente Incoerente            02/16/2012              -0.09       -0.11               0.02          16.51        3.67             12.84
                                                                                                         Numero                                325          308            427        206            02/15/2012               0.10        0.20              -0.10          16.61        3.78             12.83
                                                                                                         %                                   51.34        48.66          67.46      32.54            02/14/2012               0.28        0.00               0.28          16.50        3.57             12.93
       1.00                                                                                              Differenza media                     0.24         -0.21          0.01       0.04            02/13/2012               0.12       -0.45               0.57          16.17        3.57             12.60
                                                                                                         Differenza dev std                   0.22          0.20          0.23       0.43            02/10/2012               0.12        0.36              -0.24          16.04        4.04             12.00
                                                                                                         Sequenza mass                           10            6            21          7            02/09/2012              -0.03       -0.03              -0.01          15.90        3.67             12.23
       0.50                                                                                              Sequenza media                       1.82          1.73          3.36       1.62            02/08/2012               0.15       -0.01               0.16          15.93        3.69             12.24
                                                                                                                                                                                                     02/07/2012              -0.26       -0.17              -0.09          15.76        3.70             12.06
                                                                                                                                                                                                     02/06/2012              -0.16        0.07              -0.23          16.07        3.88             12.19
       0.00                                                                                                                                                                                          02/03/2012               0.41        0.38               0.03          16.25        3.81             12.45
                                                                                                                                                                                                     02/02/2012               0.31        0.20               0.11          15.78        3.41             12.37
                                                                                                                                                                                                     02/01/2012               0.39        0.55              -0.16          15.42        3.20             12.22
      -0.50                                                                                                                                                                                          01/31/2012               0.47        0.29               0.19          14.97        2.64             12.33
                                                                                                                                                                                                     01/30/2012              -0.28       -0.29               0.01          14.43        2.35             12.08
                                                                                                         Migliori-Peggiori                                                                           01/27/2012              -0.04       -0.03              -0.01          14.75        2.65             12.11
                                                                                                                                        Differenza Perf fondo Perf indice       Data                 01/26/2012               0.53        0.39               0.14          14.80        2.68             12.12
      -1.00
                                                                                                         Migliore 1                            1.37       0.49      -0.88 08/10/2011                 01/25/2012              -0.16        0.05              -0.20          14.20        2.28             11.92
                                                                                                         Migliore 2                            1.08       0.26      -0.81 08/04/2011                 01/24/2012              -0.14       -0.07              -0.07          14.38        2.23             12.14
                                                                                                         Migliore 3                            1.03       0.41      -0.62 10/31/2011                 01/23/2012              -0.04        0.13              -0.17          14.54        2.31             12.23
      -1.50
                                                                                                         Peggiore 1                           -1.45      -0.51       0.93 10/27/2011                 01/20/2012               0.13       -0.02               0.15          14.59        2.18             12.41
              11

                   1/

               3/ 01

               5/ 01

               6/ 10

               8/ 01

               10 01

               12 20

               1/ 01

               3/ 01

               5/ 01

               7/ 01

               9/ 01

               10 11

               12 / 20

               2/ / 20




                                                                                                         Peggiore 2                           -1.19      -0.78       0.41 10/10/2011
                 17 009

                 12 0

                 5/

                 28

                 21 0




                 30 0

                 25 1

                 18 1

                 11 1

                 3/




                 12 11




                                                                                                                                                                                                     01/19/2012              -0.01        0.34              -0.35          14.44        2.20             12.24
                  /2




                  /1 0

                  / 7 10




                  /2

                  / 2 11
                    20




                    20
                     4/

                     /2

                     /2



                     /2

                     /2

                     4/

                     /2

                     /2

                     /2

                     /2

                     /2



                     7

                     0

                     /2




                                                                                                         Peggiore 3                           -1.13       0.62       1.75 05/10/2010
                        2




                        01




                                                                                                                                                                                                     01/18/2012              -0.14       -0.03              -0.11          14.45        1.85             12.60
                           0




                           1




                           2




                                                                                                                                                                                                     01/17/2012               0.12        0.24              -0.12          14.61        1.88             12.73
                                                                                                                                                                                                                                                                    History limited to maximum 51 dates.

The format and content of this report may not be modified or altered (including, but not limited to, via deletion or addition) in any way.The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance L.P. (“BFLP”) and its subsidiaries in all jurisdictions
other than Argentina, Bermuda, China, India, Japan and Korea (the “BLP Countries”). BFLP is a wholly-owned subsidiary of Bloomberg L.P. (“BLP”). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-
BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates.



Bloomberg ®         Periodo      03/30/2012 04:13:04                                                                                                                                                                                                                                                          2
                                                                                                                                                                                                                                                                              Analisi performance
Portafoglio: ALPHA 80-20                                                    Benchmark: FIDMOBBL                                                            Dt inizio: 10/22/2009                                                     Dt fine: 03/27/2012                                                              Valuta: EUR
Periodo: 1 G                                                                                                                           Dati stor: Rend tot                                                                                                                                             TR Week: Port Default

                                                        Tracking                                                                                                                            Mean Return Sett: 52 Sett Annualized
                        1                                                                                                      15.00




                                                                                                                               10.00

                     0.6

                                                                                                                                5.00




                                                                                                                                0.00
                     0.2
       ALPHA 80-20




                                                                                                                               -5.00


                     -0.2
                                                                                                                              -10.00




                                                                                                                                       11

                                                                                                                                             12

                                                                                                                                                   1/

                                                                                                                                                           2/

                                                                                                                                                                3/

                                                                                                                                                                      4/

                                                                                                                                                                           5/

                                                                                                                                                                                 6/

                                                                                                                                                                                      7/

                                                                                                                                                                                            8/

                                                                                                                                                                                                 9/

                                                                                                                                                                                                       10

                                                                                                                                                                                                            11

                                                                                                                                                                                                                     12

                                                                                                                                                                                                                           1/

                                                                                                                                                                                                                                2/

                                                                                                                                                                                                                                      3/

                                                                                                                                                                                                                                           4/

                                                                                                                                                                                                                                                    5/

                                                                                                                                                                                                                                                          6/

                                                                                                                                                                                                                                                               7/

                                                                                                                                                                                                                                                                        8/

                                                                                                                                                                                                                                                                              9/

                                                                                                                                                                                                                                                                                   10

                                                                                                                                                                                                                                                                                            11

                                                                                                                                                                                                                                                                                                  12

                                                                                                                                                                                                                                                                                                       1/

                                                                                                                                                                                                                                                                                                             2/

                                                                                                                                                                                                                                                                                                                      3/
                                                                                                                                                      2/

                                                                                                                                                           2/

                                                                                                                                                                 5/

                                                                                                                                                                      5/

                                                                                                                                                                            6/

                                                                                                                                                                                 6/

                                                                                                                                                                                       7/

                                                                                                                                                                                            7/

                                                                                                                                                                                                  7/




                                                                                                                                                                                                                           9/

                                                                                                                                                                                                                                 9/

                                                                                                                                                                                                                                      12

                                                                                                                                                                                                                                               12

                                                                                                                                                                                                                                                     13

                                                                                                                                                                                                                                                          13

                                                                                                                                                                                                                                                                   14

                                                                                                                                                                                                                                                                         14

                                                                                                                                                                                                                                                                              14




                                                                                                                                                                                                                                                                                                        16

                                                                                                                                                                                                                                                                                                                 16

                                                                                                                                                                                                                                                                                                                      18
                                                                                                                                        /1

                                                                                                                                              /2




                                                                                                                                                                                                       /8

                                                                                                                                                                                                                /8

                                                                                                                                                                                                                      /9




                                                                                                                                                                                                                                                                                       /1

                                                                                                                                                                                                                                                                                             /1

                                                                                                                                                                                                                                                                                                  /1
                                                                                                                                                      20

                                                                                                                                                            20

                                                                                                                                                                 20

                                                                                                                                                                       20

                                                                                                                                                                            20

                                                                                                                                                                                  20

                                                                                                                                                                                       20

                                                                                                                                                                                             20

                                                                                                                                                                                                  20




                                                                                                                                                                                                                            20

                                                                                                                                                                                                                                 20
                                                                                                                                         /2

                                                                                                                                                 /2




                                                                                                                                                                                                           /2

                                                                                                                                                                                                                 /2

                                                                                                                                                                                                                      /2




                                                                                                                                                                                                                                          /2

                                                                                                                                                                                                                                                /2

                                                                                                                                                                                                                                                     /2

                                                                                                                                                                                                                                                              /2

                                                                                                                                                                                                                                                                    /2

                                                                                                                                                                                                                                                                         /2

                                                                                                                                                                                                                                                                                  /2

                                                                                                                                                                                                                                                                                        5/

                                                                                                                                                                                                                                                                                             5/

                                                                                                                                                                                                                                                                                                      6/

                                                                                                                                                                                                                                                                                                            /2

                                                                                                                                                                                                                                                                                                                 /2

                                                                                                                                                                                                                                                                                                                       /2
                                                                                                                                            00

                                                                                                                                                  00

                                                                                                                                                        10

                                                                                                                                                                10

                                                                                                                                                                     10

                                                                                                                                                                           10

                                                                                                                                                                                10

                                                                                                                                                                                      10

                                                                                                                                                                                           10

                                                                                                                                                                                                 10

                                                                                                                                                                                                      10

                                                                                                                                                                                                            01

                                                                                                                                                                                                                 01

                                                                                                                                                                                                                          01

                                                                                                                                                                                                                                11

                                                                                                                                                                                                                                     11

                                                                                                                                                                                                                                           01

                                                                                                                                                                                                                                                01

                                                                                                                                                                                                                                                         01

                                                                                                                                                                                                                                                               01

                                                                                                                                                                                                                                                                    01

                                                                                                                                                                                                                                                                             01

                                                                                                                                                                                                                                                                                   01

                                                                                                                                                                                                                                                                                        20

                                                                                                                                                                                                                                                                                                 20

                                                                                                                                                                                                                                                                                                       20

                                                                                                                                                                                                                                                                                                            01

                                                                                                                                                                                                                                                                                                                  01

                                                                                                                                                                                                                                                                                                                           01
                                                                                                                                             9

                                                                                                                                                   9




                                                                                                                                                                                                            0

                                                                                                                                                                                                                     0

                                                                                                                                                                                                                           0




                                                                                                                                                                                                                                           1

                                                                                                                                                                                                                                                    1

                                                                                                                                                                                                                                                          1

                                                                                                                                                                                                                                                               1

                                                                                                                                                                                                                                                                        1

                                                                                                                                                                                                                                                                              1

                                                                                                                                                                                                                                                                                   1

                                                                                                                                                                                                                                                                                            11

                                                                                                                                                                                                                                                                                                  11

                                                                                                                                                                                                                                                                                                        11

                                                                                                                                                                                                                                                                                                             2

                                                                                                                                                                                                                                                                                                                      2

                                                                                                                                                                                                                                                                                                                           2
                     -0.6
                                                                                                                                                                                                  ALPHA 80-20                         FIDMOBBL




                                                                                                                                                                                       Standard Deviation Sett: 52 Sett Annualized
                       -1                                                                                                       8.00
                            -1            -0.4            0.2             0.8               1.4                 2


                                                                 FIDMOBBL
                                                                                                                                6.00

Se la maggioranza dei ritorni supera la linea breakeven, il fondo ha battuto il benchmark.


1ma osservzne 10/23/2009                            O 325 Periodi in rialzo           --- Retta di regressione                  4.00
                                                    O 308 Periodi in ribasso          --- Retta di breakeven

Indicatori tracking
                                                                  Total                    Bull                      Bear
Alpha                                                             0.02                     0.05                      0.01       2.00
Beta                                                              0.35                     0.29                      0.33
Correlation                                                       0.39                     0.23                      0.26
Mean Excess Return                                                5.08                   -21.61                     53.42
Information Ratio                                                 1.02                    -4.96                     11.35       0.00
Jensen Alpha                                                      5.66                     9.36                     -1.15
                                                                                                                                       11

                                                                                                                                             12

                                                                                                                                                   1/

                                                                                                                                                           2/

                                                                                                                                                                3/

                                                                                                                                                                      4/

                                                                                                                                                                           5/

                                                                                                                                                                                 6/

                                                                                                                                                                                      7/

                                                                                                                                                                                            8/

                                                                                                                                                                                                 9/

                                                                                                                                                                                                       10

                                                                                                                                                                                                            11

                                                                                                                                                                                                                     12

                                                                                                                                                                                                                           1/

                                                                                                                                                                                                                                2/

                                                                                                                                                                                                                                      3/

                                                                                                                                                                                                                                           4/

                                                                                                                                                                                                                                                    5/

                                                                                                                                                                                                                                                          6/

                                                                                                                                                                                                                                                               7/

                                                                                                                                                                                                                                                                        8/

                                                                                                                                                                                                                                                                              9/

                                                                                                                                                                                                                                                                                   10

                                                                                                                                                                                                                                                                                            11

                                                                                                                                                                                                                                                                                                  12

                                                                                                                                                                                                                                                                                                       1/

                                                                                                                                                                                                                                                                                                             2/

                                                                                                                                                                                                                                                                                                                      3/
R-Squared                                                         0.15                     0.05                      0.07
                                                                                                                                                      2/

                                                                                                                                                           2/

                                                                                                                                                                 5/

                                                                                                                                                                      5/

                                                                                                                                                                            6/

                                                                                                                                                                                 6/

                                                                                                                                                                                       7/

                                                                                                                                                                                            7/

                                                                                                                                                                                                  7/




                                                                                                                                                                                                                           9/

                                                                                                                                                                                                                                 9/

                                                                                                                                                                                                                                      12

                                                                                                                                                                                                                                               12

                                                                                                                                                                                                                                                     13

                                                                                                                                                                                                                                                          13

                                                                                                                                                                                                                                                                   14

                                                                                                                                                                                                                                                                         14

                                                                                                                                                                                                                                                                              14




                                                                                                                                                                                                                                                                                                        16

                                                                                                                                                                                                                                                                                                                 16

                                                                                                                                                                                                                                                                                                                      18
                                                                                                                                        /1

                                                                                                                                              /2




                                                                                                                                                                                                       /8

                                                                                                                                                                                                                /8

                                                                                                                                                                                                                      /9




                                                                                                                                                                                                                                                                                       /1

                                                                                                                                                                                                                                                                                             /1

                                                                                                                                                                                                                                                                                                  /1
                                                                                                                                                      20

                                                                                                                                                            20

                                                                                                                                                                 20

                                                                                                                                                                       20

                                                                                                                                                                            20

                                                                                                                                                                                  20

                                                                                                                                                                                       20

                                                                                                                                                                                             20

                                                                                                                                                                                                  20




                                                                                                                                                                                                                            20

                                                                                                                                                                                                                                 20
                                                                                                                                         /2

                                                                                                                                                 /2




                                                                                                                                                                                                           /2

                                                                                                                                                                                                                 /2

                                                                                                                                                                                                                      /2




                                                                                                                                                                                                                                          /2

                                                                                                                                                                                                                                                /2

                                                                                                                                                                                                                                                     /2

                                                                                                                                                                                                                                                              /2

                                                                                                                                                                                                                                                                    /2

                                                                                                                                                                                                                                                                         /2

                                                                                                                                                                                                                                                                                  /2

                                                                                                                                                                                                                                                                                        5/

                                                                                                                                                                                                                                                                                             5/

                                                                                                                                                                                                                                                                                                      6/

                                                                                                                                                                                                                                                                                                            /2

                                                                                                                                                                                                                                                                                                                 /2

                                                                                                                                                                                                                                                                                                                       /2
Sortino Ratio Vs Index                                            1.19                    -5.93                     11.73
                                                                                                                                            00

                                                                                                                                                  00

                                                                                                                                                        10

                                                                                                                                                                10

                                                                                                                                                                     10

                                                                                                                                                                           10

                                                                                                                                                                                10

                                                                                                                                                                                      10

                                                                                                                                                                                           10

                                                                                                                                                                                                 10

                                                                                                                                                                                                      10

                                                                                                                                                                                                            01

                                                                                                                                                                                                                 01

                                                                                                                                                                                                                          01

                                                                                                                                                                                                                                11

                                                                                                                                                                                                                                     11

                                                                                                                                                                                                                                           01

                                                                                                                                                                                                                                                01

                                                                                                                                                                                                                                                         01

                                                                                                                                                                                                                                                               01

                                                                                                                                                                                                                                                                    01

                                                                                                                                                                                                                                                                             01

                                                                                                                                                                                                                                                                                   01

                                                                                                                                                                                                                                                                                        20

                                                                                                                                                                                                                                                                                                 20

                                                                                                                                                                                                                                                                                                       20

                                                                                                                                                                                                                                                                                                            01

                                                                                                                                                                                                                                                                                                                  01

                                                                                                                                                                                                                                                                                                                           01
                                                                                                                                             9

                                                                                                                                                   9




                                                                                                                                                                                                            0

                                                                                                                                                                                                                     0

                                                                                                                                                                                                                           0




                                                                                                                                                                                                                                           1

                                                                                                                                                                                                                                                    1

                                                                                                                                                                                                                                                          1

                                                                                                                                                                                                                                                               1

                                                                                                                                                                                                                                                                        1

                                                                                                                                                                                                                                                                              1

                                                                                                                                                                                                                                                                                   1

                                                                                                                                                                                                                                                                                            11

                                                                                                                                                                                                                                                                                                  11

                                                                                                                                                                                                                                                                                                        11

                                                                                                                                                                                                                                                                                                             2

                                                                                                                                                                                                                                                                                                                      2

                                                                                                                                                                                                                                                                                                                           2
Tracking Error                                                    4.96                     4.36                      4.71
                                                                                                                                                                                                  ALPHA 80-20                         FIDMOBBL




The format and content of this report may not be modified or altered (including, but not limited to, via deletion or addition) in any way.The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance L.P. (“BFLP”) and its subsidiaries in all jurisdictions
other than Argentina, Bermuda, China, India, Japan and Korea (the “BLP Countries”). BFLP is a wholly-owned subsidiary of Bloomberg L.P. (“BLP”). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-
BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates.



Bloomberg ®                 Tracking - Statistiche scorrevoli   03/30/2012 04:13:04                                                                                                                                                                                                                                             3
                                                                                                                                                                                                                                                               Analisi performance
Portafoglio: ALPHA 80-20                                                    Benchmark: FIDMOBBL                                                        Dt inizio: 10/22/2009                                                Dt fine: 03/27/2012                                                 Valuta: EUR
Periodo: 1 G                                                                                                                          Dati stor: Rend tot                                                                                                                          TR Week: Port Default

Seasonality
Anno                                     Gen                    Feb                     Mar                     Apr                   Mag                      Giu                   Lug                     Ago                     Set                     Ott                   Nov                     Dic
2009                                        --                     --                      --                     --                     --                      --                     --                      --                     --                      --                  1.20                   1.31
2010                                    -0.12                   1.04                    2.24                   0.05                   0.25                    0.06                   0.09                    1.38                  -0.37                    0.03                   0.29                   0.36
2011                                    -1.17                   1.38                   -0.58                   0.30                   2.09                   -1.30                   1.07                   -0.53                   1.04                    0.07                  -0.81                   3.43
2012                                     1.96                   1.88                       --                     --                     --                      --                     --                      --                     --                      --                     --                     --
Average                                  0.22                   1.44                    0.83                   0.18                   1.17                   -0.62                   0.58                    0.43                   0.34                    0.05                   0.23                   1.70




    4.00




    3.00




    2.00




    1.00




    0.00




    -1.00




    -2.00
                               Gen                   Feb                  Mar                   Apr                    Mag                 Giu                  Lug                     Ago                 Set                  Ott                  Nov                   Dic




                                                                                                                             2012             2011             2010              2009




The format and content of this report may not be modified or altered (including, but not limited to, via deletion or addition) in any way.The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance L.P. (“BFLP”) and its subsidiaries in all jurisdictions
other than Argentina, Bermuda, China, India, Japan and Korea (the “BLP Countries”). BFLP is a wholly-owned subsidiary of Bloomberg L.P. (“BLP”). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-
BFLP subsidiary in the BLP Countries. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates.



Bloomberg ®        Seasonality        03/30/2012 04:13:04                                                                                                                                                                                                                                                     4

				
DOCUMENT INFO
Categories:
Tags:
Stats:
views:105
posted:3/30/2012
language:
pages:4