Short Rankings - Performance - Sabrient Systems

PERFORMANCE: Short Rankings

Since we began publishing our short rankings in June 2008, they have outperformed the relevant benchmark by more than 30%. Detailed test results are below this chart.

Updated: September 14, 2009 (results through 09/09/09)

Test Parameters

This test represents the equity selection and performance of Sabrient's published Short rankings.

Period covered: June 10, 2008 - April 14, 2009

Number of stocks: 100 stocks in the test portfolio.

Stocks sorted by: The Sabrient Composite Score.

Weighting: An equal dollar weight is given to each of the 100 stocks.

Rebalancing: The test portfolio is rebalanced once a month on the date of the next published rankings.

Stats	Sabrient Short Rankings	Benchmark: S&P 1500-inverse
Annualized Rate of Return	7.8%	1.2%
Annualized Volatility	38.2%	32.7%
Annualized Differential Return	6.9%
Alpha	8.27%
Beta	1.027
Sharpe Ratio vs. Benchmark	0.38
Simple Sharpe Ratio	0.12	-0.05
Drawdown	-18.1%	-17.5%
Correlation with Benchmark	88.1%

Disclaimer: These results are published solely for informational purposes and are not to be construed as advice or a recommendation to specific individuals. Individuals should take into account their own unique and specific circumstances in acting on any stock selection made by Sabrient. Sabrient makes no representations that the techniques used in these reports will result in or guarantee profits in trading. Trading involves risk, including possible loss of principal and other losses, and past performance is no indication of future results.