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Just Memes III 11-29-24
Today’s Change

A symphony is an automated trading strategy — Learn more about symphonies here

About

Daily, equal-weighted basket of up to 21 meme/tech-space stocks chosen via three momentum screens (RSI 21, 45-day momentum, 10-day return). Top 7 from each screen are combined into a single, day-rebalanced portfolio.
NutHow it works
Universe: 21 meme/tech-space stocks (examples include RKLB, LUNR, PLTR, SOFI, JOBY, IONQ, PL, ACHR, etc.). Every day, the system ranks them three ways and picks 7 best in each 1) RSI (21-day window) momentum 2) 45-day moving-momentum (45-day window) 3) 10-day cumulative return Each filter is a top-7 selector. The final set is the union of these picks; duplicates are collapsed so you end up with up to 21 names. All selected assets are equally weighted (every name gets the same share of capital). Rebalance is daily. Expect higher turnover and volatility given the niche, meme-like universe and momentum signals. This is not a fundamental, buy-and-hold strategy; it aims to capture short- to medium-term price trends through simple momentum rules.
CheckmarkValue prop
Out-of-sample edge: Sharpe 1.83 vs SPY 0.83; Calmar 4.95. OOS annualized return ~260%, max drawdown ~52% vs SPY ~19%. A high-upside, momentum-driven meme/tech basket with stronger risk-adjusted performance.
1M
3M
6M
YTD
1Y
3Y
Max
Performance
Compared to selected benchmarks
AlphaBetaR2R
1.52.40.210.46
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
21.98%12.63%-1.77%0.2%0.77
960%310.89%15.41%42.99%2.01
Initial Investment
$10,000.00
Final Value
$106,000.15
Regulatory Fees
$126.98
Total Slippage
$610.21
Invest in this strategy
OOS Start Date
Nov 30, 2024
Trading Setting
Daily
Type
Stocks
Category
Equities, momentum, niche tech/space stocks, high volatility
Tickers in this symphonyThis symphony trades 21 assets in total
Ticker
Type
ACHR
Archer Aviation Inc.
Stocks
ASTS
AST SpaceMobile, Inc. Class A Common Stock
Stocks
BKSY
BlackSky Technology Inc.
Stocks
HIMS
Hims & Hers Health, Inc.
Stocks
IONQ
IonQ, Inc.
Stocks
JOBY
Joby Aviation, Inc.
Stocks
KULR
KULR Technology Group, Inc.
Stocks
LUNR
Intuitive Machines, Inc. Class A Common Stock
Stocks
NNE
Nano Nuclear Energy Inc. Common Stock
Stocks
OKLO
Oklo Inc.
Stocks

FAQ

A Composer symphony is an automated trading strategy that executes trades based on parameters of your choice. Some symphonies are similar to holding one ETF in normal conditions and rotating to a different ETF when market conditions shift, for example a 5% drop in the S&P 500, while others use complex rules with dozens of triggers. However, complex doesn’t always mean better. A simple, well-structured symphony can be just as effective as an intricate one. Learn more about how symphonies work here.

"Just Memes III 11-29-24" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Just Memes III 11-29-24" is currently allocated toLUNR, RDW, ASTS, HIMS, RKLB, BKSY, PLTR, RCATandPL. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Just Memes III 11-29-24" has returned 156.68%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Just Memes III 11-29-24" is 52.67%. The maximum drawdown measures the largest peak-to-trough decline. It's an important metric to evaluate risk and the strategy's behavior during market stress.

To invest in "Just Memes III 11-29-24", simply click the Invest button on this page. You'll need to open an account with Composer if you don't have one yet, then you can start investing. Composer will automatically execute the trades for you based on the strategy's rules. Composer also supports trading individual stocks, ETFs, and options.