Results

Tables of Results

The following tables summarise the results of our back-testing program and the Monte Carlo simulations.  For an understanding of that program and the simulations click here.

 

Table 1:  ENSEMBLE STATISTICS:  BACK TEST:  INDEX MORTGAGE VERSUS TRADITIONAL MORTGAGE              

Statistic

Result

% of Sample

Races Begun

13,638

Races Completed

5,833

100.0000%

Ties

13

0.2229%

Index Mortgage Wins

5,662

97.0684%

Index Mortgage Loses

158

2.7087%

Biggest Win

121 months

Worst Loss

8 months

Average Months Saved

42 months

 

Table 2A:  ENSEMBLE STATISTICS:  BACK TEST:  INDEX MORTGAGE VERSUS 100% CASH OFFSET MORTGAGE              

Statistic

Result

% of Sample

Races Begun

13,638

Races Completed

7,652

100.0000%

Ties

106

1.3853%

Index Mortgage Wins

5,586

73.005%

Index Mortgage Loses

1,960

25.6142%

Biggest Win

64 months

Worst Loss

35 months

Average Months Saved

14 months

 

Table 2B:  ENSEMBLE STATISTICS:  BACK TEST: INDEX MORTGAGE VERSUS 100% CASH OFFSET MORTGAGE: RATE CAP            

Statistic

Result

% of Sample

Races Begun

13,638

Races Completed

7,652

100.0000%

Ties

45

0.5881%

Index Mortgage Wins

7,335

95.8573%

Index Mortgage Loses

272

3.5546%

Biggest Win

70 months

Worst Loss

22 months

Average Months Saved

27 months

 

Table 3:  ENSEMBLE STATISTICS:  MONTE CARLO SIMULATIONS:  INDEX MORTGAGE VERSUS TRADITIONAL MORTGAGE

Statistic

Result

% of Sample

Simulations

5,000

100.0000%

Ties

14

0.2800%

Index Mortgage Wins

4,588

91.7600%

Index Mortgage Loses

398

7.9600%