Cloud Computing Portfolio Rose 2% in One Week, Four Times Market Return

Five trading days have passed since we published our cloud computing portfolio on SeekingAlpha: "Cloud Computing: Design a Portfolio for the Best, Normal and Worst". Because we were boasting that our ranking system is for short term, specifically one week return, it is a good time to have a check on the performance.

Comparing to Jun. 13th close price, the equal weighted portfolio rose 2%. In the same time, S&P 500 rose 0.5%. In our article we estimated that our cloud computing portfolio will beat the market by three times. It actually outperformed by four times. The extra return may be explained by the halo of cloud computing.