Trading Strategy for JKHY

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Annualized Returns of Trading Strategies for JKHY
Best Returnat StopEpisodesLength Best +10at Stop -5 to -25
Buy and Hold10.51 %0.211201.00
Buy On Rise Hold12.01 %0.181419.20
Buy On Dip Hold15.62 %0.181419.91
Signal and Hold11.54 %0.171459.46
Stops Only1.56 %-0.084.0058.63-3.28 %-0.11-7.91 %
Sell Signal Trim Stops3.20 %-0.113.0075.523.20 %-0.11-7.89 %
Buy Signals24.04 %-0.0143.005.9011.39 %-0.113.70 %
All Methods24.40 %-0.0143.005.8317.62 %-0.115.04 %

This table shows the results some simple trading policies from brute-force calculations on every trading day during the last 10 years. The top lines of the table show results from several variations on the classic Buy and Hold strategy, for which the concept of stops does not apply. This much used strategy yielded 11.00 %.

The most basic flavor of the Buy and Hold strategy is tested by buying on every day of the period, then holding all the way to the present date. A less simplistic version might involve the momentum investor's ploy of buying only on rising prices, or the more contrarian tactic of buying on the dips.

Generally, we have found the Buy-On-Dip policy to offer better returns than the Buy-On-Rise. That is true in this case, indicating some of the benefit of betting against the crowd when investing. Both strategies offer improvement over the unadorned Buy and Hold. Using technical indicators to buy and then hold, improves on the simple Buy and Hold strategy, but is still not the best.

All the buy and hold strategies suffer from a dangerous defect, as they do not cut losses. The statistics underestimate the harm of this defect, because market statistics are based on companies that survive. Doctors bury their mistakes, but Exchanges de-list them.

From the Report Dated 11/8/2010: -8 % has been the best sliding stop-loss setting for JKHY in the past. This assumes the stops are adjusted on the week-end. This setting has produced a historical yield of 2.00 %. (The yield during the holding period is annualized to provide this figure).

JKHY:  Sliding Stops Reset Daily

How to set sliding stop limits for Jack Henry & Associates, Inc.:

Stop loss limit orders would appear to be almost always desirable. But where to set the stop limit is controversial. Setting to limit too low may allow for too great a loss. But setting the limit too high may cause the trade to "stop out" prematurely, perhaps missing a rally and also incurring an unwelcome brokerage fee.

Two issues need to be settled in arriving at a stop limit strategy. The first is to determine the price to position the stop loss at a percentage below the buy-in price. The second is to determine a strategy for raising or sliding the stop to lock in gains without undue risk of prematurely "stopping out" on some insignificant dip in price.

JKHY:  Sliding Stops Reset Weekly


Some would advise you to set the stops at what you feel to be an acceptable loss. However, "feeling" is an extremely misleading guide. These charts are the output of a "brute force" calculation giving results for every stop loss setting from one percent to fifty percent on every trading day of the past ten years.

The bars represent the annual percentage appreciation achieved for each stop loss setting. This percentage is numbered on the right (blue) axis. The purple line depicts the number of "stop outs" on average per year at each stop loss setting . Transaction costs directly relate to this number on the left (purple) axis.

Sliding Stops Reset Monthly of Jack Henry & Associates, Inc.

These charts represent different strategies for "sliding" the stops to lock in gains. The first simply moves the stop up every day to the pre-determined percentage below the close price. The others move the stops up at the end of every week, and at the end of every month. Generally speaking, it seems better to move the stops less frequently than daily.

General Market Conditions

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More than 70 Hi-Rez charts daily for Jack Henry & Associates, Inc.:








Sliding stops trimmed by sell signals of Jack Henry & Associates, Inc.
Buy Signals and sliding stops of Jack Henry & Associates, Inc.
JKHY:  Buy Signals and sliding stops




Technical Buy Signals and Trailing Stop-loss

Trailing stops set at -18.00 %
StartEndBuy InEnd PriceDifTotalTypeSessions
5/29/20018/10/200126.2423.30-2.94-2.94152
7/23/20019/10/200123.6320.48-3.15-6.09134
8/21/20019/21/200122.8918.81-4.08-10.17118
8/24/20019/21/200122.9618.81-4.15-14.32115
12/13/20015/20/200218.0617.57-0.49-14.811106
3/22/20025/21/200220.1016.50-3.60-18.41141
5/7/20025/21/200220.2016.50-3.70-22.11110
6/11/20027/10/200216.3813.17-3.21-25.32120
10/3/20022/13/20038.1810.272.09-23.23191
10/9/20022/13/20037.5610.272.71-20.52187
10/18/20022/13/20038.9710.271.30-19.22180
4/16/20037/23/200410.9416.095.15-14.071319
5/27/20037/23/200412.8416.093.25-10.821292
8/25/20037/23/200416.7216.09-0.63-11.451229
12/29/20034/15/200519.2516.16-3.09-14.541326
3/11/20044/15/200516.7716.16-0.61-15.151276
5/5/20044/15/200517.3116.16-1.15-16.301238
7/13/20044/15/200516.9716.16-0.81-17.111192
7/16/20044/15/200516.6016.16-0.44-17.551189
11/5/20044/15/200518.7216.16-2.56-20.111110
11/29/20044/15/200518.2916.16-2.13-22.24195
3/29/20055/12/200616.8018.151.35-20.891284
4/21/20055/12/200616.3018.151.85-19.041267
6/24/20055/12/200617.3018.150.85-18.191222
8/17/20055/12/200617.6118.150.54-17.651185
10/12/20055/12/200616.7518.151.40-16.251146
10/20/20055/12/200616.1818.151.97-14.281140
11/28/20055/12/200617.9718.150.18-14.101114
5/9/20061/8/200818.7321.813.08-11.021419
5/11/20061/8/200818.3321.813.48-7.541417
5/26/20061/8/200818.0721.813.74-3.801406
5/31/20061/8/200817.6921.814.120.321404
11/27/20061/8/200820.8721.810.941.261279
1/2/20086/30/200822.8720.85-2.02-0.761124
5/7/20089/17/200821.4518.71-2.74-3.50192
5/13/20089/17/200822.4618.71-3.75-7.25188
6/25/200810/3/200821.6318.13-3.50-10.75170
9/2/200810/8/200819.3116.57-2.74-13.49126
2/4/20093/9/200916.0714.01-2.06-15.55122
4/1/200911/8/201016.9927.9810.99-4.560405
5/6/201011/8/201025.3227.982.66-1.900129


Total Session Units Invested 7059
Sessions In Time Span 2398 Avg. Units Invested 2.94
Unit SharesMarket Order CommissionsStop Order CommissionsProfit
10041 at $5.0017 at $15.00($650.00)
10041 at $30.0017 at $30.00($1,930.00)
100041 at $5.0017 at $15.00($2,360.00)
100041 at $30.0017 at $30.00($3,640.00)


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