March 31, 2017 All the 8 RMI models listed on Bloomberg (<ORMI> GO) starting January 2016 delivered an absolute positive return for the first quarter of 2017. 6 RMI models delivered a positive risk-weighted excess return above their respective benchmarks. The average excess returns for the first quarter was 1.04%. The RMI UK Value Growth 40 and RMI […]
Comment on ‘What is Value?’ – Mukul Pal, September 20, 2015. Roxana Crisan roxana.crisan@tralio.com It’s shocking how Nobel Prize winning economists have relied on naive assumptions. Harry Markowitz [1] assumed that good months (performance) would tend to be followed only by good months and bad months by bad months. Was Harry correct in making such […]
Abstract Finance is a key milestone for AI. Imagine coming back from vacation and talking to your virtual assistant about your investment portfolio and wondering how she does it, quarter after quarter, year after year. Managing money is the real test for human AI. It has to talk, it has to think, it has to […]
Yes! you need to ask such questions to your smart beta company. If they say they are smart they need to illustrate that in the monthly performance numbers. Monthly numbers are not the expected norm for Smart Beta companies. How can it be? If ‘Value’ as a style can underperform for years followed by a […]
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Press Release RMI® India Growth 20 up 7.82% in January. London – Jan 31, 2017 The RMI® India Growth 20 selects 20 out of the top India 50 stocks based on the RMI® Value Growth methodology. The RMI® India Growth 20 is listed on Bloomberg (<ORMIIN11> GO). The model delivered 7.82% in January. This return was […]
Finance does not understand the physics of preferential attachment. According to Taleb, the intuitively appealing preferential attachment is incomplete. This is a tragedy for his ‘Black Swan’ because preferential attachment is the other name for ‘Rich Get Richer’. Taleb bases his philosophy of randomness on the non-normal power law behavior which is also another way […]
Press Release RMI® REITs beats RMZ by 6.48%. London – Jan 31, 2017 The RMI® US REIT measures the performance of the top 150 US Real Estate equities based on the RMI® Value-Core-Growth methodology. The RMI® US REIT Index Value Core Growth 2016 listing on Bloomberg (<ORMIRE11> GO) delivered an absolute return of 13.16% in […]
Press Release RMI® UK starts 2017 by 5.15% Excess Returns in January. London – Jan 31, 2017 The RMI UK Value Growth 40 delivered the top excess return of 5.15% in January. The RMI Canada continued with its last year momentum at 4.32% excess return above TSX 60 in January. The 9 RMI models listed on Bloomberg […]
Abstract Tim Berners Lee’s vision of the Semantic Web (Web 3.0) as defined in his 2001 paper with Hendler and Lassila though accurate is incomplete. The evolution of the web is not going to stop at its cognitive stage but will move towards becoming an ultra-smart agent and for that to happen the web needs […]