MINNEAPOLIS, Dec. 10, 2008 (GLOBE NEWSWIRE) -- Subjex Corporation (OTCBB:SBJX) today provided an update with respect to its Forecast Market Software (FMS) business strategy.
Since its inception in February 2006, FMS has produced an average quarterly return of approximately 9%, an average annual return of over 35% and a 2008 year-to-date return of approximately 54% (as of December 9th 2008) on actual principal U.S. funds. In its 3 years of operation FMS has now produced 101.56% accumulatively and maintains a hit-rate of over 70%. The intricate computational methodology of FMS has given it a Sharpe ratio of 3.58 and an actual Beta coefficient of +.161 and -.161 depending on its trade direction. This gives the technology a practical Beta coefficient of zero.
Since its launch on February 15th 2008 FMS v3.0 has produced 68.9% bringing its 2008 monthly average to 7.06%. Its largest draw-down was -2.54% in July and has sustained 3 trade losses of less than 3% accumulatively. Clearly FMS v3.0 operations have been engineered for low-risk trading. To complete its 3 year historical audit record, management is planning to have quarters 3 and 4 of 2008 audited in January 2009.
Andrew D. Hyder, CEO of the Company, stated, "FMS v3.0 results continue to perform exceptionally well despite the volatility and sell off in the current markets in which FMS trades. While FMS currently trades a fraction of its potential, the proprietary portfolio allocation methodology allows for the same percentage performance and liquidity with billions of dollars. In other words, FMS suffers no adverse variance due to scale. I feel that FMS, its hedge fund partner and Subjex are well positioned for the growth of 2009."
About Subjex Corporation
Based in Minneapolis, MN, USA, Subjex Corporation is an innovative artificial intelligence development and incubation company delivering solutions for business and the capital markets. One of its feature products, FMS, is a quantitative trading engine with an innovative capital appreciation strategy that maintains high-liquidity by forecasting the short-term general direction of major indices and making short-term investments on this information in advance; it provides a market directional non-correlated source of alpha typically not found in the industry. FMS has a long term proven track record, a high Sharpe ratio of 3.58 and good risk adjusted return. Neither gaining nor losing value as a result of general market trends, FMS intentionally looks for small compounded profits by exiting positions often. For more information, visit http://www.subjex.com.
This information contains "forward-looking statements" within the meaning of Section 27a of the Securities Acts of 1933 and Section 21E of the Securities Exchange Act of 1934. Management believes that the expectations reflected in such forward-looking statements are reasonable but cannot give assurance such expectations will prove correct.