Hi All, I downloaded the trade log file of value investor portfolio of Zacks. you can subscribe for 7 days for free and have access for it. the portfolio is managed by Tracey Ryniec. I tried to calculate the performance of such portfolio and compare it to the SPY. there was two options to apply the gain and loss. first: for each stock the portfolio suggest, I allocate fixed number of stocks ( lets say 100) second: for each stock the portfolio suggest, I allocate fixed budge ( lets say $10000) Note: -I closed all trades based on today's price so I can calcuate 2019 performance ( partial performance) -The portfolio started at sept 2011 so I had to adjust the SPY performance. This benchmark showed that their performance lags the SPY ! what a surprise !!!!! if zacks lags the SPY then it will be better to save time and money and just buy the index !!! I can't find any trader/hedge fund that beat the market !