Category: Your Money

Index Update 07.03.2015

shyam March 8, 2015

Momentum

We run our proprietary momentum scoring algorithm on indices just like we do on stocks. You can use the momentum scores of sub-indices to get a sense for which sectors have the wind on their backs and those that are facing headwinds.

Traders can pick their longs in sectors with high short-term momentum and their shorts in sectors with low momentum. Investors can use the longer lookback scores to position themselves using our re-factored index Themes.

Here are the best and the worst sub-indices:

Refactored Index Performance

50-day performance, from December 23, 2014 through March 04, 2015:

Equally Weighted		Market Cap. Weighted
CNX IT (EQUAL)	+21.55%	CNX REALTY (CAP)	+15.66%
CNX REALTY (EQUAL)	+18.94%	CNX PHARMA (CAP)	+14.73%
CNX MNC (EQUAL)	+17.13%	CNX MNC (CAP)	+14.67%
CNX PHARMA (EQUAL)	+11.19%	CNX IT (CAP)	+13.54%
CNX FMCG (EQUAL)	+10.96%	CNX INFRA (CAP)	+9.53%
NI15 (EQUAL)	+10.92%	CNX SERVICE (CAP)	+8.74%
CNX AUTO (EQUAL)	+8.70%	CNX FINANCE (CAP)	+8.50%
LIX 15 (EQUAL)	+7.43%	NI15 (CAP)	+8.01%
CNX INFRA (EQUAL)	+6.98%	LIX 15 (CAP)	+6.92%
CNX COMMODITIES (EQUAL)	+6.65%	CNX AUTO (CAP)	+5.63%
CNX FINANCE (EQUAL)	+5.52%	CNX BANK (CAP)	+4.78%
CNX SERVICE (EQUAL)	+5.42%	LIX15 Midcap (CAP)	+3.94%
CNX CONSUMPTION (EQUAL)	+5.11%	CNX FMCG (CAP)	+3.52%
LIX15 Midcap (EQUAL)	+4.85%	NV20 (CAP)	+3.11%
CNX PSE (EQUAL)	+3.03%	CNX COMMODITIES (CAP)	+2.69%
CNX ENERGY (EQUAL)	+2.59%	CNX ENERGY (CAP)	+1.33%
CPSE INDEX (EQUAL)	+2.22%	CNX PSE (CAP)	+1.17%
CNX BANK (EQUAL)	+0.73%	CNX CONSUMPTION (CAP)	+0.37%
NV20 (EQUAL)	-0.08%	CPSE INDEX (CAP)	-3.37%
CNX MEDIA (EQUAL)	-0.53%	CNX METAL (CAP)	-6.23%
CNX METAL (EQUAL)	-2.20%	CNX MEDIA (CAP)	-6.36%
CNX PSU BANK (EQUAL)	-11.52%	CNX PSU BANK (CAP)	-12.13%

Categories Your Money Tags index, momentum, weekly

Correlation Update 07.03.2015

stockviz March 7, 2015March 7, 2015

Nifty one year daily return correlations

Nifty one month daily return correlations

Bank Nifty one year daily return correlations

Bank Nifty one month daily return correlations

Midcap one year daily return correlations

Midcap one month daily return correlations

A lot of thick blue squares mean that positive correlations are high. Red squares mean negative correlations are high. Whites are the doldrums.

Categories Your Money Tags correlation, weekly

Weekly Recap: Theoretical, Practical, Poetical

shyam March 7, 2015

Equities

Major
DAX(DEU)	+1.31%
CAC(FRA)	+0.26%
UKX(GBR)	-0.50%
NKY(JPN)	+0.92%
SPX(USA)	-1.58%

MINTs
JCI(IDN)	+1.18%
INMEX(MEX)	-1.69%
NGSEINDX(NGA)	+3.14%
XU030(TUR)	-4.96%

BRICS
IBOV(BRA)	-3.11%
SHCOMP(CHN)	-2.09%
NIFTY(IND)	+0.40%
INDEXCF(RUS)	-1.73%
TOP40(ZAF)	+0.16%

Commodities

Energy
Brent Crude Oil	-4.55%
WTI Crude Oil	+0.53%
Natural Gas	+5.13%
Heating Oil	-4.87%
RBOB Gasoline	-4.74%
Ethanol	+0.14%

Metals
Gold 100oz	-4.11%
Platinum	-2.33%
Silver 5000oz	-3.64%
Copper	-2.95%
Palladium	+0.12%

Currencies

USDEUR:+3.27% USDJPY:+1.00%

MINTs
USDIDR(IDN)	+0.34%
USDMXN(MEX)	+3.67%
USDNGN(NGA)	-1.42%
USDTRY(TUR)	+4.60%

BRICS
USDBRL(BRA)	+7.84%
USDCNY(CHN)	-0.10%
USDINR(IND)	+0.54%
USDRUB(RUS)	-2.14%
USDZAR(ZAF)	+3.30%

Agricultural
Cocoa	-0.29%
Corn	-0.91%
White Sugar	+0.64%
Coffee (Arabica)	-4.00%
Orange Juice	-0.99%
Soybean Meal	-4.37%
Soybeans	-4.83%
Sugar #11	-3.31%
Cattle	+1.93%
Feeder Cattle	+3.76%
Lean Hogs	-2.39%
Coffee (Robusta)	-2.03%
Cotton	-1.98%
Lumber	-4.72%
Wheat	-5.37%

Credit Indices

Index	Change
Markit CDX EM	-0.35%
Markit CDX NA IG	+0.41%
Markit iTraxx Asia ex-Japan IG	+2.92%
Markit iTraxx Australia	-0.54%
Markit iTraxx Europe	+0.53%
Markit iTraxx Europe Crossover	+1.62%
Markit iTraxx Japan	-0.27%
Markit iTraxx SovX Western Europe	-0.48%
Markit LCDX (Loan CDS)	-0.04%
Markit MCDX (Municipal CDS)	+1.08%

The Nifty barely managed to keep its head above water this week.
The ECB finally announced the details of its QE program and it looks like it fell short of what the market expected.

Nifty Heatmap

Index Returns

Sector Performance

Advance Decline

Market Cap Decile Performance

Decile	Mkt. Cap.	Adv/Decl
1 (micro)	-0.78%	64/68
2	+0.39%	70/62
3	+0.02%	68/65
4	+0.53%	63/68
5	+0.01%	64/68
6	+0.39%	71/61
7	+1.16%	70/63
8	+0.99%	62/69
9	+1.12%	66/66
10 (mega)	+1.09%	73/60

Market cap performance was encouraging…

Top Winners and Losers

CIPLA	+8.42%
BAJAJFINSV	+8.65%
SUNPHARMA	+14.02%
NMDC	-8.45%
COALINDIA	-7.62%
CAIRN	-6.12%

Pharma was on fire this week…

ETF Performance

JUNIORBEES	+1.39%
INFRABEES	+0.90%
GOLDBEES	+0.71%
BANKBEES	+0.19%
NIFTYBEES	+0.16%
CPSEETF	-0.84%
PSUBNKBEES	-0.99%

The Juniors outperformed the Nifty…

Yield Curve

Bond Indices

Sub Index	Change in YTM	Total Return(%)
GSEC TB	+0.00	+0.13%
GSEC SUB 1-3	-0.28	-0.18%
GSEC SUB 3-8	-0.13	+0.82%
GSEC SUB 8	-0.09	+0.72%

The rate cut was more of a shock than a surprise…

Equity Mutual Funds

Best
MOSt Focused Midcap 30-Regular Plan-Growth Option	+5.93%
Escorts Leading Sectors Fund – Growth Option	+5.37%
Axis Long Term Equity Fund – Growth	+4.66%
IDFC Tax Advantage (ELSS) Fund-Regular Plan-Growth	+4.40%
SBI Magnum MIDCAP FUND – REGULAR PLAN – GROWTH	+4.35%
MOSt Focused Multicap 35-Regular Plan-Growth Option	+4.24%
DSP BlackRock Micro Cap Fund – Regular – Growth	+4.09%

Worst
Religare Invesco Pan European Equity Fund – Regular Plan – Growth Option	-0.87%
DSP BlackRock World Energy Fund – Regular Plan – Growth	-1.00%
Baroda Pioneer PSU Equity Fund- Plan A – Growth Option	-1.02%
Mirae Asset Global Commodity Stocks – Growth Option	-1.26%
DSP BlackRock World Mining Fund – Regular Plan – Growth	-3.20%
DSP BlackRock World Gold Fund – Regular Plan – Growth	-4.21%
Kotak World Gold Fund – Standard Plan – Growth Option	-4.34%

Bond Mutual Funds

Best
Indiabulls Income Fund – Regular Plan – Growth Option	+0.44%
DWS Gilt Fund Growth Op	+0.36%
Sundaram Flexible Fund -Flexible Income Plan Regular – Growth	+0.35%
Baroda Pioneer Dynamic Bond Fund – Plan A – Growth Option	+0.35%
Escorts Income Plan-Growth	+0.32%
BARODA PIONEER GILT FUND – Plan A – Growth Option	+0.31%
ICICI Prudential Income Opportunities Fund – Regular Plan – Growth	+0.31%

Worst
HDFC Gilt Fund-Long Term-Growth	-0.11%
Religare Invesco GILT Fund – Long Duration Plan – Growth	-0.15%
HDFC Inflation Indexed Bond Fund – Regular Growth	-0.16%
JM G-Sec Fund-Regular Plan-Growth Plan – Growth Option	-0.20%
DWS Inflation Indexed Bond Fund- Regular Plan- Growth	-0.21%
SBI INFLATION INDEXED BOND FUND – REGULAR PLAN – GROWTH	-0.23%
UTI – GILT ADVANTAGE-LONG TERM-GROWTH	-0.28%

Thought for the weekend

Aristotle talked about three kinds of work: theoretical, practical, and poetical.
The first searches for truth.
The second is practical with an objective around action.
The third, however, is lost in our modern culture.

Source: Produce More by Removing More

Categories Your Money Tags weekly

Holi Bell 06.03.2015

shyam March 6, 2015March 6, 2015

Your world at 9am

Equities

Major
DAX(DEU)	+1.00%
CAC(FRA)	+0.94%
UKX(GBR)	+0.61%
NKY(JPN)	+1.00%
SPX(USA)	+0.12%

MINTs
JCI(IDN)	+0.22%
INMEX(MEX)	+0.79%
NGSEINDX(NGA)	-0.82%
XU030(TUR)	-1.85%

BRICS
IBOV(BRA)	-0.20%
SHCOMP(CHN)	+0.13%
NIFTY(IND)	+0.17%
INDEXCF(RUS)	+0.07%
TOP40(ZAF)	+0.77%

Commodities

Energy
Brent Crude Oil	+0.86%
Ethanol	+0.00%
Heating Oil	+0.54%
Natural Gas	-0.32%
RBOB Gasoline	+0.66%
WTI Crude Oil	+0.61%

Metals
Copper	+0.00%
Gold 100oz	+0.00%
Palladium	+0.42%
Platinum	+0.07%
Silver 5000oz	+0.24%

Currencies

USDEUR:+0.06% USDJPY:-0.08%

MINTs
USDIDR(IDN)	+0.03%
USDMXN(MEX)	-0.02%
USDNGN(NGA)	+0.00%
USDTRY(TUR)	-0.08%

BRICS
USDBRL(BRA)	+0.78%
USDCNY(CHN)	-0.03%
USDINR(IND)	-0.15%
USDRUB(RUS)	-0.28%
USDZAR(ZAF)	-0.23%

Agricultural
Cattle	+0.00%
Cocoa	+0.00%
Coffee (Arabica)	-0.48%
Coffee (Robusta)	+0.00%
Corn	-0.26%
Cotton	+0.00%
Feeder Cattle	+0.00%
Lean Hogs	+0.00%
Lumber	+0.00%
Orange Juice	+0.00%
Soybean Meal	-0.12%
Soybeans	+0.10%
Sugar #11	+0.60%
Wheat	+0.00%
White Sugar	+0.00%

Must reads

ECB will buy bonds that carry a negative yield, as long as that doesn’t fall below the rate it charges banks on deposits, which is -0.20%. (WSJ)

Infosys and Wipro in fight to renew Rs 12,000 crore outsourcing contract that will expire this year. Last time around, HCL Tech ate their lunch. (ET) [stockquote]HCLTECH[/stockquote] [stockquote]INFY[/stockquote] [stockquote]WIPRO[/stockquote]

Will we soon have FDI in retail? (LiveMint)

Indian GDP numbers: did bureaucrats take something that was not broken and fix it until it was? (FT)

EPFO will once again consider diversifying its investment pattern to park 5-15% of its corpus in equity and infrastructure trusts. (ET)

Goldman: “The twin forces of regulation and technology are opening the door for an expanding class of competitors to capture profit pools long controlled by banks.” (FT)

Good luck and have a nice long weekend!

Categories Your Money Tags daily