Tag: quarterly

Quarterly Recap: April-June 2015

world.2015-03-31.2015-06-30

Equities

Major
DAX(DEU) -8.53%
CAC(FRA) -4.84%
UKX(GBR) -3.72%
NKY(JPN) +5.69%
SPX(USA) -0.77%
MINTs
JCI(IDN) -10.94%
INMEX(MEX) +2.75%
NGSEINDX(NGA) +5.37%
XU030(TUR) +1.37%
BRICS
IBOV(BRA) +3.41%
SHCOMP(CHN) +13.26%
NIFTY(IND) -0.71%
INDEXCF(RUS) +1.74%
TOP40(ZAF) +0.27%

Commodities

Energy
Heating Oil +9.46%
Natural Gas +6.38%
Ethanol +8.99%
WTI Crude Oil +22.10%
Brent Crude Oil +13.69%
RBOB Gasoline +14.29%
Metals
Copper -4.73%
Gold 100oz -0.74%
Platinum -4.72%
Palladium -6.21%
Silver 5000oz -6.02%

Currencies

USDEUR:-3.59% USDJPY:+2.18%

MINTs
USDIDR(IDN) +1.84%
USDMXN(MEX) +3.22%
USDNGN(NGA) -0.14%
USDTRY(TUR) +3.21%
BRICS
USDBRL(BRA) -3.60%
USDCNY(CHN) +0.03%
USDINR(IND) +1.85%
USDRUB(RUS) -4.47%
USDZAR(ZAF) +0.08%
Agricultural
Coffee (Robusta) +11.08%
Soybeans +7.68%
Cattle -8.30%
Cocoa +12.52%
Coffee (Arabica) -1.39%
Corn +9.44%
Feeder Cattle -1.47%
Lean Hogs +22.31%
Lumber +3.67%
White Sugar +3.99%
Cotton +6.00%
Soybean Meal +9.66%
Sugar #11 +4.00%
Wheat +17.70%
Orange Juice -7.16%

Credit Indices

Index Change
Markit CDX EM +3.41%
Markit CDX NA HY -1.55%
Markit CDX NA IG +3.77%
Markit iTraxx Asia ex-Japan IG +9.21%
Markit iTraxx Australia +11.15%
Markit iTraxx Europe +16.41%
Markit iTraxx Europe Crossover +27.41%
Markit iTraxx Japan +4.29%
Markit iTraxx SovX Western Europe +0.46%
Markit LCDX (Loan CDS) -0.19%
Markit MCDX (Municipal CDS) +5.20%
European markets got shellacked and global markets went from obsessing over Fed rate hikes to Grexit. We had our own monsoon scare and bond market turmoil even though the RBI is on an easing path…

Index Returns

index.performance.2015-03-31.2015-06-30

Market Cap Decile Performance

Decile Mkt. Cap. Adv/Decl
1 (micro) +4.17% 68/64
2 +9.23% 69/62
3 +6.79% 73/58
4 +5.28% 71/61
5 +2.42% 62/69
6 +0.91% 61/70
7 -1.04% 57/75
8 -1.14% 60/71
9 -5.65% 59/72
10 (mega) -0.60% 58/74
Large-caps held steady…

Top Winners and Losers

BAJAJ-AUTO +26.05%
GLENMARK +26.46%
BRITANNIA +28.00%
CANBK -24.46%
TECHM -24.12%
SRTRANSFIN -23.41%
Looks like Bajaj Auto finally turned the corner…

ETF Performance

CPSEETF +3.18%
BANKBEES +1.65%
JUNIORBEES +1.51%
GOLDBEES +0.87%
NIFTYBEES -0.83%
INFRABEES -2.69%
PSUBNKBEES -4.35%
PSU Banks were the most despised asset class…

Yield Curve

yieldCurve.2015-03-31.2015-06-30

Bond Indices

Sub Index Change in YTM Total Return(%)
GSEC TB -0.36 +2.06%
GSEC SUB 1-3 +0.07 +1.73%
GSEC SUB 3-8 +0.07 +0.10%
GSEC SUB 8 +0.39 -1.09%
Yields went up…

Interbank lending rates

mibor.30days.2015-06-30

Investment Theme Performance

Textile, Metals, Chemicals, Paper and Energy Quality to Price +12.87%
CNX 100 Enterprise Yield +3.27%
Momentum +2.92%
Tactical CNX 100 +2.77%
Balance Sheet Strength +2.26%
Auto and Consumer Goods Quality to Price -1.06%
ASK Life -2.68%
Low Volatility -3.04%
Next Trillion -4.27%
Media, Health, IT, Telecom, Services, Pharma Quality To Price -7.28%
Magic Formula -8.36%
Quality to Price -9.24%
PPFAS Long Term Value -10.79%
ADAG stocks -12.23%
High Beta -14.24%
Momentum managed to eke out a positive…

Equity Mutual Funds

Best
Reliance Japan Equity Fund- Growth Plan- Growth Option +7.59%
Mirae Asset China Advantage Fund – Regular Plan Growth Option +7.39%
Franklin India Feeder – Franklin European Growth Fund – Growth +7.02%
DWS Global Agribusiness Fund – Growth +6.02%
Bsl Comm Eq Fund – Global Agri Plan – Growth +6.00%
SBI Smal & Midcap – Regular Plan – Growth +5.78%
Religare Invesco Pan European Equity Fund – Regular Plan – Growth Option +4.37%
Worst
HSBC Progressive Themes Fund – Growth -4.39%
Religare Invesco AGILE Fund – Growth Option -4.43%
LIC NOMURA MF Balanced Fund-Growth -4.69%
Religare Invesco Infrastructure Fund – Growth Option -5.07%
HDFC INFRASTRUCTURE FUND-GROWTH OPTION -5.11%
Sundaram Growth Fund-Growth -5.92%
Reliance Tax Saver (ELSS) Fund-Growth Plan-Growth Option -6.34%

Bond Mutual Funds

Best
Baroda Pioneer Credit Opportunities Fund -Plan B-Growth Option +2.51%
Escorts Income Plan-Growth +2.43%
Baroda Pioneer Credit Opportunities Fund -Plan A -Growth Option +2.25%
Franklin India Dynamic Accrual Fund-Growth +1.75%
Kotak Coporate Bond Fund- Retail Plan-Growth Option +1.70%
Kotak Corporate Bond Fund- Standard Plan-Growth Option +1.61%
HDFC Gilt Fund-Short Term-Growth +1.54%
Worst
ICICI Prudential Income – Regular Plan – Growth -1.39%
JM Income Fund-Growth Plan – Growth Option -1.45%
IDFC GSF – Investment Plan -Regular Plan-GROWTH -1.49%
IDFC GSF – Investment Plan – Growth -1.49%
ICICI Prudential Long Term Gilt Fund – Regular Plan – Growth -1.55%
JM G-Sec Fund-Regular Plan-Growth Plan – Growth Option -1.68%
Religare Invesco GILT Fund – Long Duration Plan – Growth -1.87%
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Quarterly Recap: January-March 2015

world.2014-12-31.2015-3-31

Equities

Major
DAX(DEU) +22.03%
CAC(FRA) +17.81%
UKX(GBR) +3.15%
NKY(JPN) +9.07%
SPX(USA) -0.39%
MINTs
JCI(IDN) +4.42%
INMEX(MEX) +1.58%
NGSEINDX(NGA) -8.38%
XU030(TUR) -6.67%
BRICS
IBOV(BRA) +2.29%
SHCOMP(CHN) +17.47%
NIFTY(IND) +2.28%
INDEXCF(RUS) +16.44%
TOP40(ZAF) +4.66%

Commodities

Energy
Natural Gas -10.56%
RBOB Gasoline +23.79%
Brent Crude Oil -3.03%
Ethanol -7.64%
Heating Oil -8.72%
WTI Crude Oil -10.42%
Metals
Gold 100oz -0.07%
Palladium -7.66%
Platinum -5.79%
Silver 5000oz +5.73%
Copper -3.17%

Currencies

USDEUR:+12.23% USDJPY:-0.20%

MINTs
USDIDR(IDN) +5.09%
USDMXN(MEX) +3.29%
USDNGN(NGA) +8.49%
USDTRY(TUR) +10.93%
BRICS
USDBRL(BRA) +20.28%
USDCNY(CHN) -0.15%
USDINR(IND) -0.87%
USDRUB(RUS) +0.00%
USDZAR(ZAF) +4.56%
Agricultural
Cocoa -3.70%
Lean Hogs -23.73%
Lumber -16.98%
Soybean Meal -9.07%
Cattle -2.64%
Coffee (Arabica) -21.60%
Corn -5.31%
Feeder Cattle -0.42%
Orange Juice -11.80%
Sugar #11 -17.63%
White Sugar -9.27%
Coffee (Robusta) -10.31%
Cotton +3.69%
Soybeans -3.67%
Wheat -12.19%

Credit Indices

Index Change
Markit CDX EM -2.01%
Markit CDX NA HY +1.59%
Markit CDX NA IG -1.99%
Markit iTraxx Asia ex-Japan IG -2.45%
Markit iTraxx Australia -11.70%
Markit iTraxx Europe -12.30%
Markit iTraxx Europe Crossover -79.11%
Markit iTraxx Japan -13.85%
Markit iTraxx SovX Western Europe -4.07%
Markit LCDX (Loan CDS) +0.17%
Markit MCDX (Municipal CDS) +6.37%
The Nifty managed to squeeze out a dribble of green but was nowhere near the best performing market Germany that clocked in a QE induced +22.03% whopper.

Index Returns

index performance.2014-12-31.2015-3-31

Advance Decline

advance.decline.line2.2014-12-31.2015-3-31

Market Cap Decile Performance

Decile Mkt. Cap. Adv/Decl
1 (micro) -16.75% 60/74
2 -9.15% 54/79
3 -8.44% 55/78
4 -5.13% 55/78
5 -2.03% 52/81
6 +1.01% 65/68
7 +6.19% 69/64
8 +6.27% 76/57
9 +5.97% 72/61
10 (mega) +5.01% 68/66
Large-caps out-performed small-caps.

Top Winners and Losers

BHARATFORG +35.22%
LUPIN +40.65%
SIEMENS +53.97%
BANKINDIA -35.11%
UNIONBANK -34.63%
PNB -34.09%
PSU banks got rightfully pummeled. You know shit is bad when government employees stage a dharna on NPAs.

ETF Performance

INFRABEES +9.96%
JUNIORBEES +4.03%
NIFTYBEES +1.43%
GOLDBEES -2.65%
CPSEETF -3.16%
BANKBEES -4.48%
PSUBNKBEES -19.79%
Infrastructure was a surprise winner…

Yield Curve

yield Curve.2014-12-31.2015-3-31

Bond Indices

Sub Index Change in YTM Total Return(%)
GSEC TB -0.30 +2.03%
GSEC SUB 1-3 -0.53 +1.43%
GSEC SUB 3-8 -0.10 +2.45%
GSEC SUB 8 -0.19 +2.27%
Rate cuts and lower inflation gave bonds a boost…

Investment Theme Performance

Financial Strength Value +18.69%
Low Volatility +14.57%
Next Trillion +12.92%
Momentum +12.32%
ASK Life +10.93%
Media, Health, IT, Telecom, Services, Pharma Quality To Price +4.56%
Auto and Consumer Goods Quality to Price +3.93%
Balance Sheet Strength +3.06%
Tactical CNX 100 +2.06%
CNX 100 Enterprise Yield +1.06%
Quality to Price +0.62%
Magic Formula -1.63%
Textile, Metals, Chemicals, Paper and Energy Quality to Price -3.34%
PPFAS Long Term Value -3.78%
High Beta -9.78%
NSE & BSE Mix -13.43%
ADAG stocks -15.08%
Momentum worked, low volatility worked better. High beta was left behind. Quality-to-price out-performed midcaps…

Equity Mutual Funds

Best
Birla Sun Life MNC Fund-Plan B (Growth) +15.05%
UTI – MNC Fund (UGS 10000)-Growth Option +12.28%
MOSt Focused Midcap 30-Regular Plan-Growth Option +11.43%
MOSt Focused Multicap 35-Regular Plan-Growth Option +10.94%
IDFC Tax Advantage (ELSS) Fund-Regular Plan-Growth +10.94%
Escorts High Yield Equity Plan – Growth Option +10.76%
BNP PARIBAS Equity Fund-Growth Option +10.01%
Worst
SaharaTax Gain-Growth -3.26%
Bsl Comm Eq Fund – Global Agri Plan – Growth -4.08%
Sundaram PSU Opportunities Growth Option -4.43%
Mirae Asset Global Commodity Stocks – Growth Option -5.57%
Sahara Star Value Fund-Growth Option -6.61%
Baroda Pioneer PSU Equity Fund- Plan A – Growth Option -6.93%
SBI PSU Fund – REGULAR PLAN -Growth -8.29%

Bond Mutual Funds

Best
L&T Gilt Fund-Growth +3.80%
SBI MAGNUM GILT FUND – LONG TERM – REGULAR PLAN – GROWTH +3.63%
BNP Paribas Government Securities Fund – Growth +3.50%
Tata Gilt Retirement Plan 28/2/25 Growth Option +3.40%
Tata Gilt High Fund – Growth +3.40%
L&T Flexi Bond Fund – Growth Option +3.32%
Tata Gilt Securities Fund – Growth +3.31%
Worst
DWS Premier Bond Fund – Regular Plan-/-Growth Plan +2.11%
HDFC Gilt Fund-Short Term-Growth +2.10%
JM Short Term Fund..-Growth Plan +1.93%
DWS PREMIER BOND FUND INST PLAN GROWTH +1.91%
HDFC Inflation Indexed Bond Fund – Regular Growth -0.90%
DWS Inflation Indexed Bond Fund- Regular Plan- Growth -1.30%
SBI INFLATION INDEXED BOND FUND – REGULAR PLAN – GROWTH -1.78%

Refactored Indices

Equally Weighted Market Cap. Weighted
CNX PHARMA (EQUAL) +14.13% CNX PHARMA (CAP) +18.64%
CNX MNC (EQUAL) +12.11% CNX MNC (CAP) +11.90%
CNX IT (EQUAL) +11.05% CNX IT (CAP) +7.72%
NI15 (EQUAL) +9.50% CNX INFRA (CAP) +6.92%
CNX FMCG (EQUAL) +8.40% CNX REALTY (CAP) +6.45%
CNX AUTO (EQUAL) +5.19% NI15 (CAP) +5.08%
CNX CONSUMPTION (EQUAL) +3.85% CNX AUTO (CAP) +4.30%
CNX REALTY (EQUAL) +2.93% CNX SERVICE (CAP) +3.04%
CNX INFRA (EQUAL) +1.47% CNX FINANCE (CAP) +1.12%
CNX ENERGY (EQUAL) -1.06% CNX CONSUMPTION (CAP) -0.71%
CNX COMMODITIES (EQUAL) -1.41% LIX 15 (CAP) -1.09%
CNX SERVICE (EQUAL) -1.94% CNX FMCG (CAP) -1.28%
CNX PSE (EQUAL) -1.97% CNX PSE (CAP) -2.56%
CPSE INDEX (EQUAL) -2.93% CNX BANK (CAP) -2.82%
CNX FINANCE (EQUAL) -3.64% NV20 (CAP) -3.25%
LIX 15 (EQUAL) -4.94% LIX15 Midcap (CAP) -3.31%
NV20 (EQUAL) -6.02% CNX COMMODITIES (CAP) -3.64%
CNX MEDIA (EQUAL) -6.79% CNX ENERGY (CAP) -4.33%
LIX15 Midcap (EQUAL) -6.83% CPSE INDEX (CAP) -6.20%
CNX BANK (EQUAL) -9.35% CNX MEDIA (CAP) -8.33%
CNX METAL (EQUAL) -14.72% CNX METAL (CAP) -13.38%
CNX PSU BANK (EQUAL) -25.23% CNX PSU BANK (CAP) -20.36%

Housekeeping

A number of cool things happened on StockViz this quarter:

  1. We released our Android app. It is plain torture to develop. Hope you find it useful.
  2. We moved our website to SSL to ensure that your browsing is encrypted.
  3. We have a tax report that our investors will find useful during filing time. We will soon have tools that will optimize your trades with taxes in mind.
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