Invest Without Emotions
MoneyControl combined the calls of different brokers who recommended them for 100% returns in a slideshow.
We have created a Theme containing an equally weighted portfolio of stocks contained in this report: Lucky 13: Brokerages betting on these stocks for 100% returns
You can now follow the Theme, keep track of its performance, risk metrics etc. and answer the question yourself: Dood, ya Paani?
The Nifty ended the month a whopping +5.28% (+3.42% in USD terms)
| MINTs | |
|---|---|
| JCI(IDN) | -0.54% |
| INMEX(MEX) | +2.20% |
| NGSEINDX(NGA) | +2.43% |
| XU030(TUR) | -1.07% |
| BRICS | |
|---|---|
| IBOV(BRA) | +3.32% |
| SHCOMP(CHN) | +0.28% |
| NIFTY(IND) | +5.55% |
| INDEXCF(RUS) | +2.85% |
| TOP40(ZAF) | +2.98% |
| Energy | |
|---|---|
| Brent Crude Oil | +2.92% |
| Ethanol | -10.38% |
| Heating Oil | +3.42% |
| Natural Gas | -2.66% |
| RBOB Gasoline | +1.63% |
| WTI Crude Oil | +2.98% |
| Metals | |
|---|---|
| Copper | +1.59% |
| Gold 100oz | +6.58% |
| Palladium | +1.06% |
| Platinum | +2.49% |
| Silver 5000oz | +12.83% |
| MINTs | |
|---|---|
| USDIDR(IDN) | +1.21% |
| USDMXN(MEX) | +0.95% |
| USDNGN(NGA) | -0.18% |
| USDTRY(TUR) | +1.16% |
| BRICS | |
|---|---|
| USDBRL(BRA) | -1.31% |
| USDCNY(CHN) | -0.71% |
| USDINR(IND) | +1.79% |
| USDRUB(RUS) | -2.62% |
| USDZAR(ZAF) | +0.49% |
| Agricultural | |
|---|---|
| Cattle | +11.07% |
| Cocoa | +1.54% |
| Coffee (Arabica) | -2.68% |
| Coffee (Robusta) | +6.90% |
| Corn | -9.97% |
| Cotton | -7.64% |
| Feeder Cattle | +9.12% |
| Lean Hogs | +16.89% |
| Lumber | +8.05% |
| Orange Juice | -11.85% |
| Soybean Meal | -8.93% |
| Soybeans | -6.41% |
| Sugar #11 | -4.26% |
| Wheat | -10.15% |
| White Sugar | +0.40% |
| GAIL | +22.56% |
| RELCAPITAL | +24.02% |
| BHARATFORG | +24.79% |
| MCDOWELL-N | -14.98% |
| UBL | -7.46% |
| M&M | -7.15% |
| BANKBEES | +9.16% |
| JUNIORBEES | +6.06% |
| NIFTYBEES | +5.65% |
| PSUBNKBEES | +5.25% |
| INFRABEES | +4.93% |
| GOLDBEES | +4.60% |
| ADAG Mania | +15.00% |
| Balance-sheet Strength | +13.53% |
| Momentum 200 | +13.14% |
| Magic Formula Investing | +12.77% |
| Long Term Equity* | +11.97% |
| Financial Strength Value | +11.89% |
| Consistent10* | +11.45% |
| Market Elephants | +11.13% |
| Quality to Price | +9.11% |
| Enterprise Yield | +8.59% |
| Efficient Growth | +7.69% |
| Growth with Moat | +6.70% |
| Market Fliers | +6.16% |
| IT 3rd Benchers | +5.38% |
Microsec Capital identified 10 agricultural companies which, they believe, will outperform in the medium-to-long term. (ET)
We have created a Theme containing an equally weighted portfolio of stocks contained in this report: Microsec’s Top 10 Agri Stocks
You can now follow the Theme, keep track of its performance, risk metrics etc. and answer the question yourself: Dood, ya Paani?
The Nifty ended flat for the week.
| MINTs | |
|---|---|
| JCI(IDN) | -0.05% |
| INMEX(MEX) | -1.19% |
| NGSEINDX(NGA) | +2.57% |
| XU030(TUR) | -0.10% |
| BRICS | |
|---|---|
| IBOV(BRA) | -2.82% |
| SHCOMP(CHN) | +0.49% |
| NIFTY(IND) | -0.04% |
| INDEXCF(RUS) | -0.60% |
| TOP40(ZAF) | -1.48% |
| Energy | |
|---|---|
| Brent Crude Oil | -1.19% |
| Ethanol | +1.34% |
| Heating Oil | -1.65% |
| Natural Gas | -2.05% |
| RBOB Gasoline | -0.79% |
| WTI Crude Oil | -1.44% |
| Metals | |
|---|---|
| Copper | +0.96% |
| Gold 100oz | +0.05% |
| Palladium | +2.27% |
| Platinum | +1.59% |
| Silver 5000oz | -0.48% |
| MINTs | |
|---|---|
| USDIDR(IDN) | +0.18% |
| USDMXN(MEX) | -0.23% |
| USDNGN(NGA) | -0.09% |
| USDTRY(TUR) | -0.82% |
| BRICS | |
|---|---|
| USDBRL(BRA) | -1.78% |
| USDCNY(CHN) | -0.12% |
| USDINR(IND) | -0.17% |
| USDRUB(RUS) | -2.16% |
| USDZAR(ZAF) | -0.88% |
| Agricultural | |
|---|---|
| Cattle | +3.71% |
| Cocoa | +1.17% |
| Coffee (Arabica) | -2.02% |
| Coffee (Robusta) | +1.76% |
| Corn | -1.94% |
| Cotton | -8.32% |
| Feeder Cattle | +3.80% |
| Lean Hogs | +2.27% |
| Lumber | +3.05% |
| Orange Juice | -9.38% |
| Soybean Meal | +3.00% |
| Soybeans | +1.71% |
| Sugar #11 | -5.08% |
| Wheat | -0.21% |
| White Sugar | -2.30% |
| FEDERALBNK | +6.45% |
| DIVISLAB | +8.55% |
| BOSCHLTD | +9.92% |
| MCDOWELL-N | -7.08% |
| KOTAKBANK | -6.96% |
| IDEA | -6.01% |
| BANKBEES | +2.90% |
| JUNIORBEES | +1.34% |
| PSUBNKBEES | +0.04% |
| NIFTYBEES | -0.18% |
| GOLDBEES | -0.33% |
| INFRABEES | -4.78% |
| Momentum 200 | +5.82% |
| Market Elephants | +4.91% |
| Growth with Moat | +4.41% |
| Efficient Growth | +3.93% |
| Balance-sheet Strength | +3.68% |
| Consistent10* | +3.67% |
| Financial Strength Value | +2.99% |
| Magic Formula Investing | +2.90% |
| Quality to Price | +2.66% |
| Industrial Value | +2.46% |
| Market Fliers | +2.16% |
| IT 3rd Benchers | +2.11% |
| ADAG Mania | +1.16% |
| Enterprise Yield | +0.45% |
| Long Term Equity* | -0.70% |
The behavior of markets or economies simply can’t be explained by looking at just one thing. conomies and markets are extremely complex. They have a variety of different inputs, including earnings, interest rates, psychology, economic activity, fund flows, taxes, sentiment, momentum, geopolitics, etc. The relevant significance of all of these inputs varies over time.
Source: When Correlations Lie
Related: Musings on stock-market forecasts
Paper from the brain-trust at AQR Capital Management: Covered Calls and Their Unintended Reversal Bet is a must read for anybody trading options.
Simply put, a covered call is when you own the underlying stock and you sell a call on it. If the stock doesn’t go beyond the strike at which you sold the call, then you pocket the premium. Otherwise, your upside on owning the stock is capped at the strike.
The payoff diagram of a covered call looks like this:
The authors claim that over a quarter of a covered call’s risk may be attributed to market timing and investors are ignoring its effect on returns.
Because a covered call option strategy reflects an underlying position in equity (delta = 1) and being short a call with changing delta, we get the following situation:
The insight: a covered call strategy embeds elements of a reversal strategy, not a trend-following strategy.