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:
28 February, 2010
The running fresh pairs are long Grains (GRAF.L), long soyabean against short Agricultural Index (AIGA.L). On the other side we are expecting a reversal on sugar and cattle outperformance against the respective benchmark Index. The latest alpha.agro carries numeric rankings, performance cycles, strategy update and running pair trackers.
Strategy Update
Numeric Ranking
Performance Cycles
ALPHA is a pair trading, [...]
By Orpheus | Published:
24 February, 2010
Performance cycles can harness event risk and offer an alternative
Strategy
What should be the budget strategy? A few investors asked to brainstorm on the above question thought like this. One thought of the Nifty contracting triangle and suggested staying away. Another suggested range bound Nifty was good between 4900 – 4700 and selling puts and calls [...]
By Orpheus | Published:
22 February, 2010
We have been anticipating a turnaround in silver performance signal for a few updates now. Now that the silver (PHAG.L) has underperformed Copper (COPA.L), Platinum (PHPT.L) and precious metals index (AIGP.L) by 9% (since 6 Jan), 19% (since 6 Nov) and 6% (since 29 Oct) respectively, the reversals are here. We have three running pairs [...]
By Orpheus | Published:
21 February, 2010
Alpha is designed from price performance. This is why all signals whether they come from numeric ranking, numeric ranking changes, performance cycles, strategy update should converge and not diverge. Executing the signals for passive investments should be easier than on active derivatives strategies. However, using mini Nifty futures, Nifty bees or spot stocks as one [...]
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:
21 February, 2010
The Dow performance cycles have turned lower. The Dow is set to underperform the S&P 500 and many other global benchmarks like Indian Sensex and Hong Kong Hang Seng. This is not very surprising as HSI and Sensex share a high correlation. Moreover Hang Seng has been underperforming DOW since May 2009. The Long Dow [...]
By Orpheus | Published:
18 February, 2010
This is what we said on 10 Jan. “Gazprom should outperform Brent Oil”. Numeric rankings and performance cycles also suggested Noble Energy and Anadarko as potential outperformers. What Happened? Nobel Energy (6.5%), Gazprom (17%), Anadarko (16%) outperformed Brent. The latest Alpha.energy carries strategy update, Numeric Ranking, numeric ranking changes, performance and pair cycles for top [...]
By Orpheus | Published:
14 February, 2010
The 13 Jan Numeric Ranking illustrated Maruti at the bottom of the rankings and M&M in the top. What happened? Long Maruti-Short M&M delivered 15% since then. The other pairs we mentioned viz. Short Tisco- long Sterlite, short SBI – long HDFC delivered 11% and 6% respectively. Tata Motors and TCS reversal against NIFTY is [...]
By Orpheus | Published:
14 February, 2010
Financially strapped airlines cut back, postponed or cancelled orders for new aircraft, reducing demand for nickel based super alloys. In case of tin, the apparent consumption declined by 17% in 2009 compared to 2008. This was attributed to global economic slowdown. So if both metals were affected by the slowdown, how can we know which [...]