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P& L incorrect

As of April 04, 2013 there appears to be errors in the tables of some Portfolios under the Portfolios tab. The errors are in Riding the Wave, Blyars Bottom Feeders and S&P 500 Stop Asc. In these strategies, several Loss fields are shown as Profits. The profit should be Market Value - Cost Basis. In many (perhaps most) cases this works out to be a Loss (red), whereas it is shown as a profit (green). These errors could have a major impact on the calculated Portfolio gain.

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Albert Desouza shared this idea  ·   ·  Report…  ·  Admin →
declined  ·  Paul McCann responded  · 

Hi Albert. Thank you for the feedback, however the gains / losses shown in these portfolios are correct. The portfolios you mentioned each have short positions. When you sell a stock short we display the sale price in the “Cost Basis” field, and the gain / loss formula is reversed. Gain / Loss = Cost Basis – Market Value.

Thanks,
Paul

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  • AdminPaul McCann (Admin, VectorVest) commented  ·   ·  Report

    Hi Albert. Thank you for the feedback, however the gains / losses shown in these portfolios are correct. The portfolios you mentioned each have short positions. When you sell a stock short we display the sale price in the "Cost Basis" field, and the gain / loss formula is reversed. Gain / Loss = Cost Basis - Market Value.

    Thanks,
    Paul