The Beta coefficient, in terms of finance and investing, is a measure of volatility of a stock or portfolio in relation to the rest of the financial market. An asset with a beta of 0 means that its price is not at all correlated with the market and that the asset is independent. A positive […]
Also called as the “FUND MANAGER’S AVERAGE”, this is one of the most important indicators for measuring participation. As a general rule, investors, institutions and big players feel comfortable investing in a stock or a market when the asset is trading above it’s 200-day MA. When the stock or market falls below the 200-day MA, […]
The top six of the large capitalized stocks consist of 75% of the total market capitalization. And this is one hypothesis we raised when we launched the XTR this month. Large caps still remain a very key segment for the local markets and should continue to drive relative growth in Romania stock markets. Large cap […]
When prices rise, 80% of the market components rise together and when market falls 90% of market components fall together. This is a phenomenon witnessed world over across markets and across assets. We witnessed this in Romania from July 2007 when a majority of market components declined together. This issue of XTR analysis the erosion […]
All the talk of recession and sentiment negativity pushed us back to the contrarian side forcing us to look at Romanian market valuations and how markets should evolve from here. Well we see this as the start of new restructuring for the local markets. Romanian market has a 14 year history. And despite all roadblocks […]
What happens to Dollar in 2012 concerns all of us. It concerns the Euro, it concerns Japanese Yen and it also concerns many emerging market currencies like Indian Rupee and Romanian Lei. But one may ask why 2012? 2012 should be a significant cycle low and high for many assets. Some assets may top, some […]
The “R” word is everywhere. It’s being discussed at World Economic Forum at Davos and now we have clients calling in at Orpheus asking us about Recession and how bad it is. And is there a chance that the global depression might be starting. Such worries though important and critical do highlight the mass psychology […]
The picture on the left is a typical correction that has happened across assets, across time frames. But not many market participants can say what the price would do now, go up or down. Correction is an overused and misunderstood term. And few understand the many wealth creation nuances built into it. A correction is […]
RELATIVE SHIFT Just like 2007, we will see the sectors shift in and out of relative strength. And as Sensex keeps growing, its sectoral representation will increase or decrease based on how well the sectors perform. New sector leaders will get in the Sensex and underperformers will get out. While a high and higher Sensex might […]