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Symphonies
Old Tech - Backtest to 1990
Today’s Change
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A symphony is an automated trading strategy — Learn more about symphonies here

About

A rules-based “old tech” portfolio: 49% is a steady mix of Intel, Microsoft, Texas Instruments, AMD, HP, GE, and IBM. The other 51% tilts to the three strongest recent performers from a wider old‑tech list. Reviewed monthly with a 5% trading band.
NutHow it works
Each month it ranks 11 established “old tech” names (Intel, Microsoft, AMD, Texas Instruments, IBM, GE, HP, Applied Materials, Autodesk, Cognex, Cohu) by strongest 60‑day price trend. It puts 51% equally into the top 3 (~17% each). Another 49% stays fixed at 7% each in Intel, Microsoft, Texas Instruments, AMD, HP, GE, and IBM. Trades only if weights drift ~5% from targets.
CheckmarkValue prop
Out-of-sample return: 27.75% vs 22.57% for the S&P. A two-sleeve, rules-based old-tech momentum plus core exposure captures tech upside with disciplined risk. Expect higher drawdowns (28.7% vs 18.8%), beta ~1.29, but stronger long-run growth.

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Invest in this strategy
OOS Start Date
Apr 3, 2023
Trading Setting
Threshold 5%
Type
Stocks
Category
Momentum, old tech, semiconductors, industrial tech, us equities, concentrated, rules-based, monthly review
Tickers in this symphonyThis symphony trades 0 assets in total
Ticker
Type

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.

"Old Tech - Backtest to 1990" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"Old Tech - Backtest to 1990" is currently allocated toAMAT, INTC, TXN, GE, HPQ, AMD, MSFTandIBM. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "Old Tech - Backtest to 1990" has returned 27.75%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "Old Tech - Backtest to 1990" is 28.73%. 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 "Old Tech - Backtest to 1990", 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, crypto, and options.