Tag: monthly

Monthly Recap: Save More

world equity markets 2014-02-28.2014-03-31

The Nifty was up a whopping 6.81% (10.31% in USD terms) in March.

World Equities

Major
DAX(DEU) -0.78%
CAC(FRA) +0.50%
UKX(GBR) -2.52%
NKY(JPN) -0.33%
SPX(USA) +0.27%
MINTs
JCI(IDN) +5.49%
INMEX(MEX) +4.69%
NGSEINDX(NGA) -3.17%
XU030(TUR) +14.45%
BRICS
IBOV(BRA) +7.06%
SHCOMP(CHN) -0.43%
NIFTY(IND) +7.08%
INDEXCF(RUS) -5.10%
TOP40(ZAF) +1.37%

Commodities

CME
Gold Futures $1283.40 -2.88%
Silver Futures $19.73 -6.93%
Platinum Futures $1418.50 -1.92%
Copper Futures $3.05 -5.93%
Nymex Steel Futures $639.00 +1.91%
Brent Crude Oil Last Day Financial Futures $107.76 -1.20%
E-mini Natural Gas Futures $4.37 -5.16%

Nifty Heatmap

CNX NIFTY heatmap 2014-02-28.2014-03-31

Index performance

index performance 2014-02-28.2014-03-31

Top winners and losers

PNB +34.72%
YESBANK +35.74%
ADANIENT +44.74%
GLAXO -15.50%
INFY -14.17%
HCLTECH -11.73%
Beta is in, Defensives are out…

ETFs

PSUBNKBEES +25.62%
INFRABEES +16.88%
BANKBEES +16.63%
JUNIORBEES +8.70%
NIFTYBEES +5.61%
GOLDBEES -5.02%
PSU bank rallied on RBI’s decision to postpone Basel III…

Advancers and Decliners

advance-decline line 2.2014-02-28.2014-03-31

Investment Theme Performance

Sector Performance

sector performance 2014-02-28.2014-03-31

Yield Curve

yield Curve 2014-02-28.2014-03-28

Interbank Rates

mibor 30days 2014-03-31

Thought to Sum up the Month

[iframe src=”http://embed.readtapestry.com/s/kBU8bUWHY/” width=”600″ height=”338″]
 

Saving a little bit more is going to have a bigger impact than telling ourselves a story that we’re the next great hedge fund manager. So why keep wasting time on returns when there are so many other questions we can ask that will make a difference?

Source: Here’s a Money-Making Strategy: Save More

Monthly Recap: The Devil Always Wins

Feb world equity markets

Nifty erased most of the loses from the previous month, clocking in +3.08% (+3.75% in USD terms) for February.

Major
DAX(DEU) +6.37%
CAC(FRA) +7.29%
NKY(JPN) +5.94%
MINTs
JCI(IDN) +6.16%
INMEX(MEX) -4.95%
NGSEINDX(NGA) -4.29%
XU030(TUR) +1.04%
BRICS
IBOV(BRA) +2.05%
INDEXCF(RUS) +0.46%
TOP40(ZAF) +6.99%

Nifty Heatmap

monthly nifty heatmap

Index Performance

monthly index performance

Top winners and losers

TATAMOTORS +19.28%
INDHOTEL +19.41%
PFC +20.90%
SAIL -13.17%
NMDC -12.07%
NTPC -11.11%
The month was marked by some pretty wild swings.

ETFs

BANKBEES +4.57%
GOLDBEES +3.06%
NIFTYBEES +2.78%
JUNIORBEES +1.11%
PSUBNKBEES -0.38%
INFRABEES -1.24%
Banks and gold led the ETF pack.

Advancers and Decliners

Green shoots? Brown shoots?

advancers and decliners

Investment Theme Performance

Balance-sheet strength is +43.64% since inception. But that’s not the winningest strategy. Read our roundup to get a sense of what quantitative strategies combined with a structure that enforces discipline can do for you.

Sector Performance

monthly sector performance

Yield Curve

What do the short-term rates portend?

yield curve monthly move

Thought to sum up the month

Howard Marks, chairman of the U.S. investment firm Oaktree Capital:

There actually are two risks in investing: One is to lose money and the other is to miss opportunity. You can eliminate either one, but you can’t eliminate both at the same time.

I think of it like a comedy movie where a guy is considering some activity. On his right shoulder is sitting an angel in a white robe. He says: «No, don’t do it! It’s not prudent, it’s not a good idea, it’s not proper and you’ll get in trouble». On the other shoulder is the devil in a red robe with his pitchfork. He whispers: «Do it, you’ll get rich». In the end, the devil usually wins. Caution, maturity and doing the right thing are old-fashioned ideas.

Source: In the end, the devil usually wins

Monthly Recap: The levee breaks

nifty monthly heatmap

The Nifty ended the month -3.40% (-4.30% in USD terms.)

Index Performance

IT was the only place to be long… everything else was just wrong.

monthly index performance

Top Winners and losers

DIVISLAB +7.71%
UBL +7.83%
HCLTECH +15.81%
RANBAXY -28.65%
JPASSOCIAT -26.08%
CANBK -21.65%
Well done HCL Tech, well done. Ranbaxy got tagged by the US FDA and JP Associates is the leading contender for one of the biggest break-downs this year.

ETFs

GOLDBEES +1.77%
NIFTYBEES -3.18%
INFRABEES -4.53%
JUNIORBEES -6.81%
BANKBEES -9.68%
PSUBNKBEES -13.23%
Brutal.

Advancers and Decliners

advance decline chart

Yield Curve

india yield curve

Investment Theme Performance

Sector Performance

monthly sector performance

Thought to sum up the month

Well, we had too much to drink (infrastructure debt binge, etc.) before the GFC and spent the rest of the next 5 years barely recovering (NPAs, capital raises, etc.) from the hangover. But it looks like we are going to get trampled by the herd again.

 

Source: The levee breaks

Monthly Recap: Financial Research

Nifty monthly heatmap

The Nifty ended the month +2.23% (+2.78% in USD terms)

Index Performance

IT and Realty indices stole the show…

monthly index performance

Top winners and losers

GLAXO +18.53%
BOSCHLTD +19.74%
INDHOTEL +29.48%
PETRONET -7.93%
ULTRACEMCO -7.22%
NTPC -6.79%
Glaxo shot up on the back of the buyback offer from its parent. Bosch, however, seems to be on a ride of it own…

ETFs

INFRABEES +4.79%
JUNIORBEES +4.45%
PSUBNKBEES +3.55%
BANKBEES +2.64%
NIFTYBEES +2.34%
GOLDBEES -4.61%
Infrastructure and banks continued to rock. Gold fell out of favour.

Advancers and Decliners

advancers and decliners

Yield Curve

Rates rose across the curve, but more so on the long-end…

india yield curve

Investment Theme Performance

The best performing strategy was small-cap value…

*Contributed Themes

Sector Performance

monthly sector performance

Thought of the month

Magic is based on belief in a set of rituals. A person will only consult a magician if they have faith in the actions that the magician will perform. Science is not based on belief in its theorems, the equivalent of magic’s rituals, but on a belief in the process by which science is created.

Source: Finance + Research

Monthly Recap: Failing By Design

monthly nifty performance heatmap

The Nifty ended the month -1.95% (-3.50% in USD terms)

Index Performance

Banks dragged while midcaps rallied…

monthly index performance

Top Winners and Losers

DIVISLAB +18.49%
TATASTEEL +19.62%
ADANIENT +26.73%
UBL -14.28%
TITAN -14.28%
BHARTIARTL -10.92%
Cyclicals caught a bid and quite a few stocks went parabolic…

ETFs

INFRABEES +1.91%
JUNIORBEES +1.40%
GOLDBEES +0.36%
NIFTYBEES -1.84%
BANKBEES -2.47%
PSUBNKBEES -3.08%
Month-on-month, PSU banks still sucked while gold treaded water…

Yield Curve

Rates drifted up…

monthly india yield curve

Interbank Rates

Zooming out to look at the big picture:

interbank lending rates

Sector performance

monthly sector performance

Investment Theme Performance

The simplest Value Theme, Quality to Price, out-performed Momentum. Typical when markets are gyrating and momentum algos can’t latch on to a trend…

Thought to sum up the month

Techpinions’ article on why Microsoft is failing has a number of quotable quotes:

If you don’t make a total commitment to whatever you’re doing, then you start looking to bail out the first time the boat starts leaking. It’s tough enough getting that boat to shore with everybody rowing, let alone when a guy stands up and starts putting his jacket on. ~ Lou Holtz

 

It is better to run back than run the wrong way. ~ Proverbs

 

Motivation alone is not enough. If you have an idiot and you motivate him, now you have a motivated idiot. ~ Jim Rohn

 

In this business, by the time you realize you’re in trouble, it’s too late to save yourself. ~ Bill Gates

 

Its a wonderful read.

Source: Microsoft: Failing By Design