Admin

Spring-1 Plan
  1. Handover (Receiver)
  2. Learn how to program (Python, perhaps R)
  3. *Mentor one another learning.*
  4. Some Speakers
  5. Role Selection
  6. Annual Meeting
Summer Plan
  1. Learn how to program (Python, perhaps R)
  2. Learn about and download finance equity data sets (CRSP, Compustat)
  3. *Mentor one another learning.*
Fall Plan
(Busiest Quarter * 2)

2022: Classroom is D310

  1. Learn about portfolio formation and portfolio returns
  2. Learn about finance backtesting and performance evaluation methods (Fama-Macbeth; Black-Jensen-Scholes/Fama-French)
  3. Read about finance strategies
  4. Select, design, and backtest your own strategy
  5. Incept your strategy (around the turn of the calendar year)
Winter Plan
  1. Strategy Monitoring
  2. Evaluation
  3. Industry Speakers
  4. Selection of Successors
  5. PLUS ASAM website, based on some CMS (Drupal, WordPress, Joomla, MS). Login. Hosted elsewhere (for sequestered security and non-bureaucratic approvals)
    • Public: Posting of Current Members, with CVs and (ideally) Picts. Ideally, member-controlled.
    • Public: Short Posting of Bases for Current Investment Holdings
    • Public: Posting of Current Investment Holdings, ideally with nightly and since-incept rates of returns, plus current value.
    • Public: Posting of all Past Investment Reports
    • Public: Posting of ASAM Application Process
    • Public: Names of ASAM Alumni by Year
    • Public: Names of Past Class Speakers by Year
    • Public: Python Resources. Other useful Resources.
    • Private (Log-In Only): External Speaker List, Upcoming
    • Private (Log-In Only): Important URLs: Chats, GDrive, etc.
    • Private (Log-In Only): Posting of Members by Year
    • Private (Log-In Only): Long-Term Membership Directory (Alumni, etc.)
    • Private (Log-In Only): Admin Access, Transfer to Next Class.
    Once up and running, we need to inform ASAM alumni of the existence.
Spring-2 Plan
  1. Handover (Sender)
  2. Industry Speakers
  3. Final Report
  4. Annual Meeting

Earlier Slides
I will update the following slides as the quarter progresses and move them up.

Pfio Ret, (C) Ken French:
  • annual: umd-ann.csv
    > t(subset(d, d>1990))
    
    yyyy    1991    1992    1993    1994    1995    1996   1997    1998    1999    2000    2001    2002    2003    2004    2005
    umd    14.56    3.47   23.72    3.14   18.07    6.39   11.5   23.14   35.18   15.37    4.44   25.69  -24.48   -0.42   14.81
    
    yyyy    2006    2007    2008    2009    2010    2011    2012   2013    2014    2015    2016    2017    2018    2019    2020
    umd    -7.84   22.06   13.56  -83.16    6.85    7.16    1.28    7.5    1.01   20.64  -21.38    4.62    9.74    -1.8    7.79
    
    > iaw$summary(subset(d, d>1990))
         nok pctna    mean     sd   tstat      0%      10%     50%    90%   pmost
    yyyy  30    -1 2005.50  8.803 1247.76    1991 1993.900 2005.50 2017.1 2020.00
    umd   30    -1    5.42 21.001    1.41  -83.16   -9.194    7.33   23.2   35.18
    
  • monthly: umd-mo.csv

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