8 Comments
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Valuelytica's avatar

I use a threshold based rebalancing approach. Time based is either too slow (no market neutrality) or too fast (burning money via transaction costs)

Ryleigh B's avatar

Thanks :)

I wonder if implementing a dynamic threshold based on realized volatility works better than a fixed threshold. Is that also something you've experimented with?

Valuelytica's avatar

Interesting idea, haven't looked at it

Ryleigh B's avatar

Hi, Excellent Article. Thanks for sharing.

I'm just curious how you approached rebalancing for both Option1 and Option2's implementation. Did you use some sort of time-based or threshold-based approach?

Abe's avatar

Great article. I tested this with various re-balance schedule. Seems performance is inflated due to 2020. Not all years came out profitable

Valuelytica's avatar

Thx for the insights. Yeah 2020 definitely is a positive outlier and inflated performance. Profitability depends heavily on rebalancing, especially for option 1. What rebalancing schedules did you test?

Abe's avatar

i tested on daily, weekly, every 13th day, monthly and bands of 2.5%, 5%, 10%. Lagged by 1 day. t rebalance days are done on t+1 close.

Adam Ondrejicka's avatar

Good article. Thanks for writing it