Why Royal Bank of Canada remains a BUY?

Royal Bank of Canada is a rare stock to be near historical highs, but also be an underperformer at the same time among peer market components. Orpheus performance cycles look at accumulating (buying) worst performers which tend to outperform in the period ahead. Currently the Jiseki cycles are in positive mode. A move above 60 the stock could move up till 80.
Enjoy the latest ORMI Toronto 15 update.
Download the latest TORONTO ORMI 15 2013.01.08
Indexing: The Orpheus Risk Management Index (ORMI) is based on proprietary algorithm.
The indices values that are disseminated today are broadly based on market capitalization methodology. Market capitalization methodology has been challenged globally for a few broad reasons. 1) As an asset strengthens it is given more weight 2) As an asset weakens it is given lesser weight. This on one side captures momentum but on the other side suggests investors to focus more on growth compared to value. This increases portfolio risk when market growth slows down or reverses, as has been the case since 2007. When markets contract, the erstwhile top performers push into red for extended period of time causing large drawdowns and emotional pain.
The ORMI  Index is based on the extreme reversion idea i.e. outliers tend to reverse, which suggests that investing is about value picking and extremes are prone to reversion. Our Index extends and fine tunes the idea first mooted by De Bondt and Thaler in their 1981 paper suggesting that 3 year worst losers portfolio tends to outperform the 3 year best winners portfolio.
For knowing more about ORMI Indices mail us for details or contact a sales representative.
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