Rf DAXglobal Alt Ener Price Difference

January-02 0.14% -0.0336177555096802 -3.50%

February-02 0.13% -0.0367477063712288 -3.80%
March-02 0.13% 0.104440635180542 10.31%
April-02 0.15% -0.0760804517956149 -7.76%
May-02 0.14% -0.071858909371037 -7.33%
June-02 0.13% -0.152840478656036 -15.41%
July-02 0.15% -0.151651377906314 -15.32%
August-02 0.14% -0.0415635608212586 -4.30%
September-02 0.14% -0.11236779202414 -11.38%
October-02 0.14% 0.0215992602918492 2.02%
November-02 0.12% 0.024120479231755 2.29%
December-02 0.11% -0.049983750644925 -5.11%
January-03 0.10% -0.0294332327046943 -3.04%
February-03 0.09% -0.0488170192316309 -4.97%
March-03 0.34% 0.0327329561156683 2.93%
April-03 0.27% 0.0650270616600572 6.23%
May-03 0.21% -0.150194658239032 -15.23%
June-03 0.13% 0.0160367785558538 1.47%
July-03 0.17% 0.00989619276933941 0.82%
August-03 0.18% 0.0701364106133204 6.83%
September-03 0.18% 0.0250961788123513 2.33%
October-03 0.17% -0.0555968629990757 -5.73%
November-03 0.15% -0.0765511012624645 -7.81%
December-03 0.13% -0.00776540365243662 -0.91%
January-04 0.15% -0.223247808344095 -22.47%
February-04 0.08% -0.276318566170214 -27.71%
March-04 0.03% 0.0151598182106488 1.49%
April-04 0.00% 0.0786727669582452 7.87%
May-04 0.00% -0.0656008712045257 -6.56%
June-04 0.01% -0.107526705195783 -10.76%
July-04 0.00% -0.100536526734608 -10.05%
August-04 0.00% -0.032780564747498 -3.28%
September-04 0.00% -0.0352057314145234 -3.52%
October-04 0.01% -0.068860806408202 -6.90%
November-04 0.00% -0.17522522203257 -17.52% -5.02% 0.08501767

Portfolio_with_div_rank_bear_period
Single Year Periods
35 2002-2004 -5.02% 0.085018
Sharpe ratio Israelsen's (2005) Certainty Equivalent (CEQ)
modified Sharpe ratio for gamma =
0.5
-0.5907 -0.0043 -5.2026%
Certainty Equivalent (CEQ) Certainty Equivalent (CEQ)
for gamma = for gamma =
1 2
-5.3833% -5.7447%