CTA Profiles Paragon Global Markets

Start Date: Jan-2007
Aug Return: 0.25%
YTD Return: 8.01%
Annual CROR: N/A

Worst Drawdown: -17.38%
Losing Streak:
Sharpe Ratio: 0.70
Calmar Ratio: 0.75

Min Investment: $250,000
Currency: US Dollar
Notional Funding: Yes
NFA Number: 0411331

Margin:
Mgt Fee: 2.00%
Incentive Fee: 20.00%
Round Turns: 0

Trading Strategy: The firm is an alternative investment management company that employs an institutional quality futures program designed to consistently produce high absolute returns adjusted for risk. The program is diversified, short-term and 100% systematic.

Accounting Notes: The performance of the Adalpha Core Program, extracted from the Adalpha Diversified Short-term Program, shown for the period from January 2007 through September 2019 is the performance of the Advisor's proprietary account, adjusted to reflect the advisory fees charged by such program. The results also are net of brokerage commissions charged to such account, which are believed to be similar to what an institutional investor would be charged. The Advisor’s principal commenced trading this proprietary trading account pursuant to the Program prior to registering with the CFTC as a CTA and becoming a Member of the NFA. Beginning January 1, 2007, the proprietary account was 50% notionally funded and beginning December 2011, the proprietary account was 75% notionally funded. While the use of notional funding created greater leverage based on the cash in the proprietary account, the percentage returns in this account reflect what a client would have achieved during the same periods because the rate of return was calculated by dividing net performance into the total account size, inclusive of notional equity. The performance shown for the period from October 2019 through December 2023 represents the performance results for the oldest customer account that traded the Adalpha Diversified Short-Term Program (Adalpha Core Program extracted from Adalpha Diversified Short-Term Program). The performance shown for the period from January 2024 through present represents the composite performance results for all customer accounts that traded the Adalpha Core Program. From January 2024, annual ROR has been calculated by doing SUM of MTD ROR. Till December 2023, annual ROR has been calculated by compounding the MTD ROR. This is a speculative trading program and losses can and will occur from time to time. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

EXTRACTED PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN EXTRACTED PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF EXTRACTED PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, EXTRACTED TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO EXTRACTED TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF EXTRACTED PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

Trading Methodology
100% Systematic
Trading Style
50% Trend Following
50% Contrarian

Style Sub-Categories
Trend Following
Momentum
Contrarian
Pattern Recognition
Volatility
Quantitative
Trend Anticipatory
Mean Reversion

Holding Period
95% Short Term
5% Intraday
Sector: US
Contracts: Futures

Market Allocation
14% Stock Indices
22% Currencies
14% Financials
12% Metals
14% Energies
14% Agriculturals
3% Meats
7% Softs

Contains Extracted Performance Results. Please see Accounting Notes.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	ROR*	Max DD
2024	2.85%	-2.24%	6.14%	-1.75%	0.30%	1.30%	1.16%	0.25%					8.01%	-2.24%
2023	-3.39%	-1.40%	-0.25%	-4.94%	-0.81%	1.37%	-0.17%	0.18%	2.04%	2.62%	-1.86%	1.36%	-5.25%	-10.41%
2022	1.31%	-4.29%	4.80%	4.88%	7.00%	1.54%	1.85%	-5.09%	4.29%	-1.27%	-0.83%	2.30%	16.49%	-5.09%
2021	6.55%	4.77%	4.70%	0.57%	-2.70%	3.43%	3.30%	2.64%	1.40%	4.15%	4.95%	-3.84%	29.92%	-3.84%
2020	-1.82%	5.18%	4.22%	-6.20%	-5.01%	7.59%	4.23%	1.40%	-0.07%	-7.20%	0.50%	1.01%	3.83%	-10.9%
2019	2.40%	-1.67%	2.74%	4.25%	-2.13%	-1.90%	1.30%	9.63%	-1.34%	1.19%	0.45%	2.95%	17.87%	-3.99%
2018	10.91%	-0.27%	1.22%	2.03%	1.33%	0.37%	-2.85%	4.46%	5.26%	7.23%	2.23%	2.85%	34.77%	-2.85%
2017	-3.33%	-3.35%	2.72%	1.23%	4.86%	8.56%	4.30%	-6.05%	-0.73%	2.56%	2.98%	1.96%	15.71%	-6.74%
2016	1.07%	7.09%	4.39%	-0.74%	-3.29%	9.69%	-3.78%	-5.35%	0.65%	-0.71%	-2.18%	2.10%	8.94%	-10.97%
2015	-0.08%	1.32%	2.82%	-1.26%	2.95%	-0.97%	-2.89%	-6.00%	0.10%	-3.38%	-0.13%	-1.26%	-8.78%	-13.78%
2014	1.38%	0.94%	-3.69%	-4.53%	1.96%	-2.68%	-1.97%	-1.07%	10.57%	6.32%	0.86%	0.32%	8.41%	-11.52%
2013	2.58%	1.26%	-1.10%	1.25%	4.59%	1.20%	1.69%	0.79%	3.52%	3.68%	-0.04%	0.17%	19.59%	-1.1%
2012	-1.12%	-1.47%	0.52%	-1.51%	1.06%	-3.71%	-0.43%	-6.03%	-4.21%	-0.31%	6.13%	-2.30%	-13.38%	-16.14%
2011	2.09%	2.07%	-0.38%	1.31%	-1.51%	-2.76%	1.13%	5.64%	0.54%	-1.37%	0.77%	2.00%	9.53%	-4.23%
2010	0.25%	0.64%	2.12%	-2.84%	10.02%	0.13%	1.22%	2.18%	0.50%	-4.80%	-4.21%	-0.69%	4.52%	-9.44%
2009	-0.17%	0.58%	-3.14%	0.09%	6.46%	3.38%	-4.31%	-1.35%	-1.35%	0.32%	0.32%	-5.17%	-4.34%	-11.12%
2008	6.19%	0.86%	3.62%	-3.16%	-0.17%	1.04%	-4.01%	4.99%	-6.08%	12.63%	1.44%	2.15%	19.5%	-7.54%
2007	6.67%	-1.28%	-4.51%	5.94%	-2.00%	4.10%	8.20%	-14.82%	0.59%	9.80%	3.31%	-1.71%	14.29%	-14.82%

*The Annual ROR performance has been calculated by adding each monthly return. Please See Accounting Notes Below.

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. THERE IS A RISK OF LOSS IN FUTURES TRADING.

Chart

Track Record Prepared By: NAV Consulting, Inc.

Footnotes:
(C) = Client Trading Results
(P) = Proprietary Trading Results
(P&C) = A Combination of Proprietary & Client Results.
Current Drawdown - The Current Losing Streak of the CTA, if any.
Worst Drawdown - The Worst Drawdown reflects the greatest loss from Inception. Worst Drawdown can be defined as the potential cost of higher return.
Annual Compound Rate of Return - The Annualized Compounded Rate of Return represents the average return of the CTA over the time frame of the report. It smoothes out returns by assuming constant growth.
Calmar Ratio - The Calmar Ratio - Calmar Ratio represents the historical amount gained for each dollar risked. A higher number is better. Unless otherwise denoted the Calmar Ratio is calculated by dividing the 36 month Compounded ROR by the 36 month Peak to Valley Drawdown. Traders with less than 36 months of data or a negative Calmar Ratio will be indicated by N/A.
Sharpe Ratio - The Sharpe Ratio is a risk-adjusted ratio that rewards consistency of returns. Traders are penalized for volatility regardless of whether it is on the up or downside. The Sharpe Ratios is calculated using a 1% risk-free rate of return.
Round Turns - Represents the annual number of Round Turns per $1 million.

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS.
THERE IS A RISK OF LOSS IN FUTURES TRADING.

Qualified Eligible Investors - A Qualified Eligible Person must meet the following two requirements: 1) the investor must first be an accredited investor. The most common ways for this are to either have a net worth of $1,000,000 or more OR an annual income of $200,000 or more for the last two years OR, combined with a spouse, $300,000 per year for two years, 2) the investor must meet an additional portfolio requirement, which is having $2,000,000 in securities holdings OR $200,000 in margin on deposit with a Futures Commission Merchant OR a combination of the two (for example, $1,000,000 in securities and $100,000 in margin).

RISK DISCLOSURE

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

THIS MATTER IS INTENDED AS A SOLICITATION FOR MANAGED FUTURES. THE RISK OF TRADING COMMODITY FUTURES, OPTIONS AND FOREIGN EXCHANGE ("FOREX") IS SUBSTANTIAL. THE HIGH DEGREE OF LEVERAGE ASSOCIATED WITH COMMODITY FUTURES, OPTIONS AND FOREX CAN WORK AGAINST YOU AS WELL AS FOR YOU. THIS HIGH DEGREE OF LEVERAGE CAN RESULT IN SUBSTANTIAL LOSSES, AS WELL AS GAINS. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IF YOU ARE UNSURE YOU SHOULD SEEK PROFESSIONAL ADVICE. AN INVESTOR MUST READ AND UNDERSTAND THE CTA’S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING. THERE ARE NO GUARANTEES OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY.

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. IN SOME CASES MANAGED ACCOUNTS ARE CHARGED SUBSTANTIAL COMMISSIONS AND ADVISORY FEES. THOSE ACCOUNTS SUBJECT TO THESE CHARGES, MAY NEED TO MAKE SUBSTANTIAL TRADING PROFITS JUST TO AVOID DEPLETION OF THEIR ASSETS. EACH COMMODITY TRADING ADVISOR ("CTA") IS REQUIRED BY THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") TO ISSUE TO PROSPECTIVE CLIENTS A RISK DISCLOSURE DOCUMENT OUTLINING THESE FEES, CONFLICTS OF INTEREST AND OTHER ASSOCIATED RISKS. A HARD COPY OF THESE RISK DISCLOSURE DOCUMENTS ARE READILY AVAILABLE BY CLICKING ON EACH CTA'S "REQUEST DISCLOSURE DOCUMENT" BUTTON.

THE FULL RISK OF COMMODITY FUTURES, OPTIONS AND FOREX TRADING CAN NOT BE ADDRESSED IN THIS RISK DISCLOSURE STATEMENT. NO CONSIDERATION TO INVEST SHOULD BE MADE WITHOUT THOROUGHLY READING THE DISCLOSURE DOCUMENT OF EACH OF THE CTAS IN WHICH YOU MAY HAVE AN INTEREST. REQUESTING A DISCLOSURE DOCUMENT PLACES YOU UNDER NO OBLIGATION AND EACH DOCUMENT IS PROVIDED AT NO COST. THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN ANY OF THE FOLLOWING PROGRAMS NOR ON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE DOCUMENTS. OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE PROVIDED TO YOU BEFORE AN ACCOUNT MAY BE OPENED FOR YOU.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. PROSPECTIVE CLIENTS SHOULD NOT BASE THEIR DECISION ON INVESTING IN THIS TRADING PROGRAM SOLELY ON THE PAST PERFORMANCE PRESENTED. ADDITIONALLY, IN MAKING AN INVESTMENT DECISION, PROSPECTIVE CLIENTS MUST ALSO RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY MAKING THE TRADING DECISIONS AND THE TERMS OF THE ADVISORY AGREEMENT INCLUDING THE MERITS AND RISKS INVOLVED.

LIMITATIONS OF RANKINGS ARE THAT ONLY THOSE ADVISORS OR POOL OPERATORS THAT SUBMITTED THEIR PERFORMANCE DATA TO AUTUMNGOLD WERE RATED. THE ENTIRE CTA UNIVERSE IS NOT INCLUDED IN THE RANKINGS. THE PERFORMANCE INFORMATION PROVIDED WHEREIN HAS NOT BEEN VERIFIED BY AUTUMNGOLD.