{"id":2026061,"date":"2015-06-13T15:52:01","date_gmt":"2015-06-13T10:22:01","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=2026061"},"modified":"2015-06-13T15:52:01","modified_gmt":"2015-06-13T10:22:01","slug":"weekly-recap-profit-destroying-innovation","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2015\/06\/13\/weekly-recap-profit-destroying-innovation\/","title":{"rendered":"Weekly Recap: Profit Destroying Innovation"},"content":{"rendered":"

\"world.2015-06-05.2015-06-12\"<\/p>\n

Equities<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n
Major<\/th>\n<\/tr>\n<\/thead>\n
DAX(DEU)<\/a><\/td>\n-0.01%<\/span><\/td>\n<\/tr>\n
CAC(FRA)<\/a><\/td>\n-0.40%<\/span><\/td>\n<\/tr>\n
UKX(GBR)<\/a><\/td>\n-0.29%<\/span><\/td>\n<\/tr>\n
NKY(JPN)<\/a><\/td>\n-0.26%<\/span><\/td>\n<\/tr>\n
SPX(USA)<\/a><\/td>\n-0.09%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n
MINTs<\/th>\n<\/tr>\n<\/thead>\n
JCI(IDN)<\/a><\/td>\n-3.23%<\/span><\/td>\n<\/tr>\n
INMEX(MEX)<\/a><\/td>\n+0.25%<\/span><\/td>\n<\/tr>\n
NGSEINDX(NGA)<\/a><\/td>\n-0.13%<\/span><\/td>\n<\/tr>\n
XU030(TUR)<\/a><\/td>\n-1.88%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n
BRICS<\/th>\n<\/tr>\n<\/thead>\n
IBOV(BRA)<\/a><\/td>\n+0.44%<\/span><\/td>\n<\/tr>\n
SHCOMP(CHN)<\/a><\/td>\n+2.85%<\/span><\/td>\n<\/tr>\n
NIFTY(IND)<\/a><\/td>\n-1.62%<\/span><\/td>\n<\/tr>\n
INDEXCF(RUS)<\/a><\/td>\n+0.01%<\/span><\/td>\n<\/tr>\n
TOP40(ZAF)<\/a><\/td>\n+0.30%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
\n
\n
\n

Commodities<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n
Energy<\/th>\n<\/tr>\n<\/thead>\n
Natural Gas<\/td>\n+6.59%<\/span><\/td>\n<\/tr>\n
Ethanol<\/td>\n-4.26%<\/span><\/td>\n<\/tr>\n
Brent Crude Oil<\/td>\n+1.08%<\/span><\/td>\n<\/tr>\n
Heating Oil<\/td>\n+0.94%<\/span><\/td>\n<\/tr>\n
WTI Crude Oil<\/td>\n+1.64%<\/span><\/td>\n<\/tr>\n
RBOB Gasoline<\/td>\n+4.58%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n
Metals<\/th>\n<\/tr>\n<\/thead>\n
Copper<\/td>\n-0.74%<\/span><\/td>\n<\/tr>\n
Gold 100oz<\/td>\n+1.02%<\/span><\/td>\n<\/tr>\n
Palladium<\/td>\n-1.90%<\/span><\/td>\n<\/tr>\n
Platinum<\/td>\n+0.16%<\/span><\/td>\n<\/tr>\n
Silver 5000oz<\/td>\n-0.63%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n
\n

Currencies<\/h3>\n

USDEUR<\/a>:-1.33% <\/span> USDJPY<\/a>:-1.77% <\/span><\/p>\n

\n
\n\n\n\n\n\n\n\n\n
MINTs<\/th>\n<\/tr>\n<\/thead>\n
USDIDR(IDN)<\/a><\/td>\n+0.34%<\/span><\/td>\n<\/tr>\n
USDMXN(MEX)<\/a><\/td>\n-2.04%<\/span><\/td>\n<\/tr>\n
USDNGN(NGA)<\/a><\/td>\n+0.22%<\/span><\/td>\n<\/tr>\n
USDTRY(TUR)<\/a><\/td>\n+1.75%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n
BRICS<\/th>\n<\/tr>\n<\/thead>\n
USDBRL(BRA)<\/a><\/td>\n-1.09%<\/span><\/td>\n<\/tr>\n
USDCNY(CHN)<\/a><\/td>\n+0.09%<\/span><\/td>\n<\/tr>\n
USDINR(IND)<\/a><\/td>\n+0.48%<\/span><\/td>\n<\/tr>\n
USDRUB(RUS)<\/a><\/td>\n-2.13%<\/span><\/td>\n<\/tr>\n
USDZAR(ZAF)<\/a><\/td>\n-1.56%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Agricultural<\/th>\n<\/tr>\n<\/thead>\n
Cattle<\/td>\n-0.28%<\/span><\/td>\n<\/tr>\n
Cocoa<\/td>\n+0.05%<\/span><\/td>\n<\/tr>\n
White Sugar<\/td>\n-0.97%<\/span><\/td>\n<\/tr>\n
Cotton<\/td>\n+0.61%<\/span><\/td>\n<\/tr>\n
Lumber<\/td>\n+1.45%<\/span><\/td>\n<\/tr>\n
Orange Juice<\/td>\n+5.35%<\/span><\/td>\n<\/tr>\n
Corn<\/td>\n-2.15%<\/span><\/td>\n<\/tr>\n
Feeder Cattle<\/td>\n+0.90%<\/span><\/td>\n<\/tr>\n
Coffee (Arabica)<\/td>\n-2.01%<\/span><\/td>\n<\/tr>\n
Coffee (Robusta)<\/td>\n+0.17%<\/span><\/td>\n<\/tr>\n
Lean Hogs<\/td>\n-0.61%<\/span><\/td>\n<\/tr>\n
Soybean Meal<\/td>\n+4.00%<\/span><\/td>\n<\/tr>\n
Soybeans<\/td>\n+0.13%<\/span><\/td>\n<\/tr>\n
Sugar #11<\/td>\n-2.98%<\/span><\/td>\n<\/tr>\n
Wheat<\/td>\n-2.65%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Credit Indices<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Index<\/th>\nChange<\/th>\n<\/tr>\n<\/thead>\n
Markit CDX EM<\/td>\n-0.48%<\/span><\/td>\n<\/tr>\n
Markit CDX NA HY<\/td>\n-0.19%<\/span><\/td>\n<\/tr>\n
Markit CDX NA IG<\/td>\n+0.14%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Asia ex-Japan IG<\/td>\n+1.99%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Australia<\/td>\n+1.42%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Europe<\/td>\n+1.14%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Europe Crossover<\/td>\n+0.36%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Japan<\/td>\n+2.32%<\/span><\/td>\n<\/tr>\n
Markit iTraxx SovX Western Europe<\/td>\n+0.28%<\/span><\/td>\n<\/tr>\n
Markit LCDX (Loan CDS)<\/td>\n-0.02%<\/span><\/td>\n<\/tr>\n
Markit MCDX (Municipal CDS)<\/td>\n-0.16%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nA huge wave of volatility consumed pretty much all asset classes this week. Bonds – down, equities – down, rupee – down; euro – up. Are we done yet?\n<\/div>\n<\/div>\n

Nifty Heatmap<\/h3>\n

\"CNX<\/a><\/p>\n

Index Returns<\/h3>\n

For a deeper dive into indices, check out our weekly Index Update<\/a>.
\n\"indexperformance.2015-06-05.2015-06-12\"<\/a><\/p>\n

Sector Performance<\/h3>\n

\"sectorperformance.2015-06-05.2015-06-12\"<\/a><\/p>\n

Advance Decline<\/h3>\n

\"advance.decline.line2.2015-06-05.2015-06-12\"<\/p>\n

Market Cap Decile Performance<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Decile<\/th>\nMkt. Cap.<\/th>\nAdv\/Decl<\/th>\n<\/tr>\n<\/thead>\n
1 (micro)<\/td>\n-8.21%<\/span><\/td>\n59\/68<\/td>\n<\/tr>\n
2<\/td>\n-2.71%<\/span><\/td>\n58\/70<\/td>\n<\/tr>\n
3<\/td>\n-2.35%<\/span><\/td>\n58\/70<\/td>\n<\/tr>\n
4<\/td>\n-3.39%<\/span><\/td>\n61\/67<\/td>\n<\/tr>\n
5<\/td>\n-2.31%<\/span><\/td>\n58\/70<\/td>\n<\/tr>\n
6<\/td>\n-2.26%<\/span><\/td>\n61\/67<\/td>\n<\/tr>\n
7<\/td>\n-2.15%<\/span><\/td>\n57\/71<\/td>\n<\/tr>\n
8<\/td>\n-3.77%<\/span><\/td>\n58\/70<\/td>\n<\/tr>\n
9<\/td>\n-2.61%<\/span><\/td>\n58\/70<\/td>\n<\/tr>\n
10 (mega)<\/td>\n-1.82%<\/span><\/td>\n60\/68<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nA total bloodbath across market caps…\n<\/div>\n<\/div>\n

Top Winners and Losers<\/h3>\n
\n
\n\n\n\n\n\n\n\n
GLENMARK<\/a><\/td>\n+4.08%<\/span><\/td>\n<\/tr>\n
ICICIBANK<\/a><\/td>\n+4.17%<\/span><\/td>\n<\/tr>\n
OFSS<\/a><\/td>\n+4.18%<\/span><\/td>\n<\/tr>\n
BANKBARODA<\/a><\/td>\n-8.30%<\/span><\/td>\n<\/tr>\n
PNB<\/a><\/td>\n-8.21%<\/span><\/td>\n<\/tr>\n
BOSCHLTD<\/a><\/td>\n-7.71%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nBosch was once a boring old manufacturing company but they had to go and include it in the Nifty and ruin it for everyone…\n<\/div>\n<\/div>\n

ETF Performance<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n
INFRABEES<\/a><\/td>\n+0.43%<\/span><\/td>\n<\/tr>\n
BANKBEES<\/a><\/td>\n+0.21%<\/span><\/td>\n<\/tr>\n
GOLDBEES<\/a><\/td>\n+0.01%<\/span><\/td>\n<\/tr>\n
JUNIORBEES<\/a><\/td>\n-1.45%<\/span><\/td>\n<\/tr>\n
CPSEETF<\/a><\/td>\n-1.58%<\/span><\/td>\n<\/tr>\n
NIFTYBEES<\/a><\/td>\n-1.58%<\/span><\/td>\n<\/tr>\n
PSUBNKBEES<\/a><\/td>\n-2.63%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nPSU banks back to being kicked around…\n<\/div>\n<\/div>\n

Yield Curve<\/h3>\n

\"yield<\/a><\/p>\n

Bond Indices<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n
Sub Index<\/th>\nChange in YTM<\/th>\nTotal Return(%)<\/th>\n<\/tr>\n<\/thead>\n
GSEC TB<\/td>\n-0.63<\/span><\/td>\n+0.33%<\/span><\/td>\n<\/tr>\n
GSEC SUB 1-3<\/td>\n-0.29<\/span><\/td>\n+0.84%<\/span><\/td>\n<\/tr>\n
GSEC SUB 3-8<\/td>\n-0.07<\/span><\/td>\n+0.17%<\/span><\/td>\n<\/tr>\n
GSEC SUB 8<\/td>\n+0.29<\/span><\/td>\n-2.69%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nAre long bonds reflecting global liquidity jitters or are they signalling higher inflation<\/a>?\n<\/div>\n<\/div>\n

Investment Theme Performance<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Tactical CNX 100<\/a><\/td>\n+0.00%<\/span><\/td>\n<\/tr>\n
CNX 100 Enterprise Yield<\/a><\/td>\n-0.79%<\/span><\/td>\n<\/tr>\n
PPFAS Long Term Value<\/a><\/td>\n-1.34%<\/span><\/td>\n<\/tr>\n
Balance Sheet Strength<\/a><\/td>\n-1.79%<\/span><\/td>\n<\/tr>\n
The RBI Restricted List<\/a><\/td>\n-1.95%<\/span><\/td>\n<\/tr>\n
Textile, Metals, Chemicals, Paper and Energy Quality to Price<\/a><\/td>\n-2.12%<\/span><\/td>\n<\/tr>\n
Magic Formula<\/a><\/td>\n-2.31%<\/span><\/td>\n<\/tr>\n
Low Volatility<\/a><\/td>\n-2.51%<\/span><\/td>\n<\/tr>\n
Media, Health, IT, Telecom, Services, Pharma Quality To Price<\/a><\/td>\n-2.71%<\/span><\/td>\n<\/tr>\n
Next Trillion<\/a><\/td>\n-3.20%<\/span><\/td>\n<\/tr>\n
ADAG stocks<\/a><\/td>\n-3.42%<\/span><\/td>\n<\/tr>\n
Financial Strength Value<\/a><\/td>\n-3.43%<\/span><\/td>\n<\/tr>\n
ASK Life<\/a><\/td>\n-3.45%<\/span><\/td>\n<\/tr>\n
Momentum<\/a><\/td>\n-4.48%<\/span><\/td>\n<\/tr>\n
Auto and Consumer Goods Quality to Price<\/a><\/td>\n-4.60%<\/span><\/td>\n<\/tr>\n
High Beta<\/a><\/td>\n-5.04%<\/span><\/td>\n<\/tr>\n
Quality to Price<\/a><\/td>\n-9.51%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nBasically, nothing worked…\n<\/div>\n<\/div>\n

Equity Mutual Funds<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n
Best<\/th>\n<\/tr>\n<\/thead>\n
Religare Invesco Global Equity Income Fund – Regular Plan – Growth<\/a><\/td>\n+1.32%<\/span><\/td>\n<\/tr>\n
Religare Invesco Pan European Equity Fund – Regular Plan – Growth Option<\/a><\/td>\n+1.23%<\/span><\/td>\n<\/tr>\n
Bsl Comm Eq Fund – Global Agri Plan – Growth<\/a><\/td>\n+1.17%<\/span><\/td>\n<\/tr>\n
Birla Sun Life International Equity Fund Plan A- Growth<\/a><\/td>\n+0.80%<\/span><\/td>\n<\/tr>\n
Mirae Asset Global Commodity Stocks – Growth Option<\/a><\/td>\n+0.25%<\/span><\/td>\n<\/tr>\n
ICICI Prudential Regular Income Fund – Regular Plan – Growth<\/a><\/td>\n+0.13%<\/span><\/td>\n<\/tr>\n
Franklin India Feeder – Franklin U.S. Opportunities Fund – Growth<\/a><\/td>\n+0.13%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n\n\n
Worst<\/th>\n<\/tr>\n<\/thead>\n
IDFC Premier Equity Fund-Regular Plan-Growth<\/a><\/td>\n-2.97%<\/span><\/td>\n<\/tr>\n
Sundaram S.M.I.L.E.Fund-Growth<\/a><\/td>\n-2.97%<\/span><\/td>\n<\/tr>\n
ICICI Prudential MidCap Fund – Regular Plan – Growth<\/a><\/td>\n-3.08%<\/span><\/td>\n<\/tr>\n
LIC NOMURA MF MIDCAP FUND – REGULAR PLAN – GROWTH<\/a><\/td>\n-3.09%<\/span><\/td>\n<\/tr>\n
DSP BlackRock Micro Cap Fund – Regular – Growth<\/a><\/td>\n-3.13%<\/span><\/td>\n<\/tr>\n
Edelweiss Select Midcap Fund – Growth<\/a><\/td>\n-3.23%<\/span><\/td>\n<\/tr>\n
Religare Invesco AGILE Fund – Growth Option<\/a><\/td>\n-3.53%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Bond Mutual Funds<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n
Best<\/th>\n<\/tr>\n<\/thead>\n
Baroda Pioneer Credit Opportunities Fund -Plan B-Growth Option<\/a><\/td>\n+0.18%<\/span><\/td>\n<\/tr>\n
Baroda Pioneer Credit Opportunities Fund -Plan A -Growth Option<\/a><\/td>\n+0.16%<\/span><\/td>\n<\/tr>\n
JPMorgan India Corporate Debt Opportunities Fund – Regular Plan – Growth Option<\/a><\/td>\n+0.10%<\/span><\/td>\n<\/tr>\n
Escorts Income Plan-Growth<\/a><\/td>\n+0.08%<\/span><\/td>\n<\/tr>\n
Franklin India Dynamic Accrual Fund-Growth<\/a><\/td>\n+0.07%<\/span><\/td>\n<\/tr>\n
L&T Resurgent India Corporate Bond Fund – Growth Option<\/a><\/td>\n+0.07%<\/span><\/td>\n<\/tr>\n
Birla Sun Life Corporate Bond Fund – Regular Plan – Growth<\/a><\/td>\n+0.05%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n\n\n
Worst<\/th>\n<\/tr>\n<\/thead>\n
Religare Invesco GILT Fund – Long Duration Plan – Growth<\/a><\/td>\n-0.77%<\/span><\/td>\n<\/tr>\n
JM G-Sec Fund – Growth Option<\/a><\/td>\n-0.77%<\/span><\/td>\n<\/tr>\n
IIFL Dynamic Bond Fund – Regular Plan – Growth Option<\/a><\/td>\n-0.78%<\/span><\/td>\n<\/tr>\n
DWS Inflation Indexed Bond Fund- Regular Plan- Growth<\/a><\/td>\n-0.78%<\/span><\/td>\n<\/tr>\n
ICICI Prudential Long Term Gilt Fund – Regular Plan – Growth<\/a><\/td>\n-0.80%<\/span><\/td>\n<\/tr>\n
Birla Sun Life Govt, Securities Long Term Fund-Plan B (Growth)<\/a><\/td>\n-0.81%<\/span><\/td>\n<\/tr>\n
SBI INFLATION INDEXED BOND FUND – REGULAR PLAN – GROWTH<\/a><\/td>\n-0.81%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Thought for the weekend<\/h3>\n
\nWe may have entered a great period of profit destroying innovation where the benefits accrue more and more to the customers and not the providers.<\/p>\n

For instance, for almost every SaaS company that charges for features there are now new companies being built that give the features away with the goal of charging for some activity in the network that they are looking to build.\n<\/p><\/div>\n

Source: Valuations, Profit Destroying Innovation and Winner\u2019s Curse<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Equities Major DAX(DEU) -0.01% CAC(FRA) -0.40% UKX(GBR) -0.29% NKY(JPN) -0.26% SPX(USA) -0.09% MINTs JCI(IDN) -3.23% INMEX(MEX) +0.25% NGSEINDX(NGA) -0.13% XU030(TUR) -1.88% BRICS IBOV(BRA) +0.44% SHCOMP(CHN) +2.85% NIFTY(IND) -1.62% INDEXCF(RUS) +0.01% TOP40(ZAF) +0.30% Commodities Energy Natural Gas +6.59% Ethanol -4.26% Brent Crude Oil +1.08% Heating Oil +0.94% WTI Crude Oil +1.64% RBOB Gasoline +4.58% Metals Copper … <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[987],"class_list":["post-2026061","post","type-post","status-publish","format-standard","hentry","category-your-money","tag-weekly","entry"],"_links":{"self":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/2026061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/comments?post=2026061"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/2026061\/revisions"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=2026061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=2026061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=2026061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}