Discretionary long beat mechanical long, discretionary short underperformed mechanical short.
Russian companies being a zero was a surprise for 2022.
Mech NAPS Short 2022 -53.6%
Not one company was up year on year. Amazing portfolio performance.
![](http://share-bear.co.uk/wp-content/uploads/2023/01/image.png)
Mech NAPS Long 2022 -35.4%
Few russian entries which im taking as a zero
![](http://share-bear.co.uk/wp-content/uploads/2023/01/image-1.png)
NAPS Discretionary Long 2022 -13.2%
One Russian zero
![](http://share-bear.co.uk/wp-content/uploads/2023/01/image-3.png)
NAPS Discretionary Short 2022 -34.6%
![](http://share-bear.co.uk/wp-content/uploads/2023/01/image-2.png)