The 10 percent FILTER

10 per cent moves may be a normal volatility on an emerging market like ROMANIA. But when a stock makes a year high while broad market is still making new lows, we have more than a bad volatility case here, we have outperformance. There are only seven stocks which are positive for the year and only six of them delivered a 10% positive performance. And all this six have been highlighted by us over the last few months. These stocks are AZO (275%), UARG (34%), AMO (31%), VEGA (30%), SOCEP (19%) and ERCA (12%). While these stocks were performing and conserving capital, there are stocks that fell 91% over the last 12 months.
There is nothing that speaks like price performance. Hence catching or tracking it early in the day is a key indicator. This is one of the key objectives of XTR INDICES to keep you updated with the price changes. This week, Energy topped the sectoral performance. Except Oil Terminal, which witnessed a marginal loss (down 1.83%), all Energy stocks gave a positive performance. Energy is also the top performer of the year. Staples major ALBALACT (up 12%) outshined in the XTR 30 Index.
In the market capitalization category chart (Slide 4), LC (Large Capitalization) category perform better (week over week) compared to the other categories. Between the SC (Small Capitalization) category, XTR 100 and XTR 30 constituents also gave a positive return. Among the indices, XTR LE (Late Economic) continues to be the best performer, with a positive return of 3.37%. As expected, XTR EE (Early Economic) and XTR ME (Mid Economic) underperformed. All the rest Orpheus indices delivered a positive performance. BET NG, the new BVB index was down -10.89% and BETFI (-5.68%) continued to fall registering the worst performance for the week.
The best performance for the week, was of 30.77%, given by the Materials stock component ELECTROPRECIZIA (ELZY). Utilities outperformer for the week was NAVROM (24.62%). The stock remains in a positive mode above its 50 days moving average since the 5 July. Even energy sector component ROMETROL (VEGA), remained above its 50 days moving average. Materials component VRANCART (9.24%), which was the top performer for the previous week also remains positive on the moving average crossover. The 10 per cent filter should witness more winners screened out in the weeks ahead.
Enjoy the latest XTR INDICES.
ORPHEUS ROMANIA RESEARCH
XTR.INDICES is our analytics product, which creates and manages Romanian market indices like XTR 21, XTR 100 and XTR 30 (Free Float). We also run models based on breadth indicators (Advance Decline ratio) and statistical parameters (correlations, betas, volatilities, top price changes, 200 day moving average etc.) XTR 21 – THE BLUE CHIP INDEX. REUTERS RICS COVERED.TRPS.BX, VNCA.BX, AMSL.BX, PEXI.BX, BATR.BX, ARTM.BX, COMI.BX, PTRI.BX, BRDX.BX, BRKU.BX, ARTM.BX, SNOS.BX, ARSB.BX, ALRO.BX, AZOM.BX, OTSP.BX, ALUM.BX, MOPN.BX, TSEL.BX, TGNM.BX XTR 100 – BROAD MARKET INDEX. XTR 30 – FREE FLOAT INDEX. XTR – EE (XTR EARLY ECONOMIC INDEX), XTR – ME (MID ECONOMIC SECTOR), XTR – LE (LATE ECONOMIC SECTOR)
ORPHEUS RESEARCH AT REUTERS – UNITED KINGDOM