By Orpheus | Published:
15 March, 2010
Geographical biases are so strong that either investors are too optimistic about them or too pessimistic. Take the example of Romanian equity. Market participants were so negative about the markets that equity delivered handsome returns in 2009. We can’t change mindsets, what we can do is illustrate workability when it is assumed that none exists. [...]
Also posted in Bonds, Global Pairs |
By Orpheus | Published:
15 March, 2010
Numeric Ranking
Strategy Update
Performance Cycles
As anticipated, the defensive outperformance which we presented on 28 of February’s edition of Alpha.Rom starts to deliver. Both BIO and ATB moved up on absolute as well as relative terms. We initiate the pharmaceutical pair trades today. TEL, the top numeric ranking stock, starts underperforming BETXT, therefore we initiate a short [...]
By Orpheus | Published:
7 March, 2010
COMI outperformed BETXT by 310% from 8 May 2009. We will closely monitor the pair for the reversal signal. DAFR/BETXT a month old pair reached 21% gains. The outperformance of TEL and TGN registered 41% and 26% respectively. As anticipated last week on Alpha Romania, we reached topping performance and thus reversal signals for both [...]
By Orpheus | Published:
28 February, 2010
Did you know that for the last 200 days, you could have done better on your Romanian market portfolio if you would have not looked at Pharmaceutical stocks ATB and BIO? Both the stocks underperformed the BETXT index by more than 50%. Did you know that Alpha Numeric ranking and performance cycles positivity on TEL [...]
By Orpheus | Published:
21 February, 2010
Impact outperformed BETXT (from 17 Sep) by 69%, SIF5 outperformed BETXT by 18% (13 Nov), TEL outperformed BETXT by 20% (since 30 Nov), SIF2 outperformed BETXT by 11%(since 24 Dec), TGN outperformed BETXT by 13%(since 24 Dec). Now all the above blue chips have a topping performance cycle suggesting a reversal in polarity against BETXT. [...]
By Orpheus | Published:
14 February, 2010
Performance cycles turned in favor of TGN on 30 Nov last year when the pair performance cycles between BETXT and TGN turned up. The respective pair performance cycles has delivered 18% since then. The other running pairs are Long TGN – Short BETXT and Long SIF5 – Short BETXT. On the long only, short only [...]
By Orpheus | Published:
5 February, 2010
Alpha is a pair trading, long only – short only strategy and numeric ranking product based on TIME fractals. Time arbitrage, Time Triads, Time fractals are terms coined by Orpheus Research. The signals are carried over three different time frames viz. sub minor (2-3 days), minor (10-30 days) and intermediate (above 30 days). This is [...]
By Orpheus | Published:
26 January, 2010
This is the excerpt of the brief presentation made by Mukul on the SIBEX 15 year anniversary.
Q: Is Dow connected to Romanian Bet?
A: Performance connects everything including DOW and BET.
Q: Does this performance move?
A: Yes it does. From 7 July 2009, Dow moves up from 10 ranking to 4, BET moves down from 4 ranking [...]
Also posted in Global Pairs |
By Orpheus | Published:
19 January, 2010
BRD closed its pair trades against BETXT and BET on 4 Jan and 24 Dec respectively. Both the pairs delivered above 30% return in 175 calendar days. This means an annualized performance of more than 60%. The SNP pairs are still running. SNP is underperforming both BETXT and BET for more than 100 days now. [...]
By Orpheus | Published:
5 January, 2010
Romanian top performers and underperformers for Q1 2010
Among single BETXT component assets the relative outperformers in the coming quarter in 2010 compared to the index BETXT are AZO, BIO, RRC, SNP, TGN, TEL, ATB, SIF2, ZENTIVA, TERAPLAST, SIF3, SIF4, SIF5. The relative underperformers compared to BETXT for the next three months are TLV, BRD, BRK, [...]