Omega Point Blog

Measuring Earnings Impact in Factors

April 28, 2019

Since we're in the thick of earnings season, this week we'll be examining the market's responsiveness to earnings by looking at how company exposure to the fundamental factors of Growth and Profitability have changed thus far during the 1Q reporting period. Ultimately, we'll highlight the companies in the Russell 1000 that have seen the most movement in their Growth and...

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Omer Cedar
Omer Cedar

RAPID RECENT DECLINE IN GLOBAL RISK

April 21, 2019
We hope you've been enjoying the holiday weekend. Today, we'll be examining Total Risk in the global market (using the ACWI as a proxy) to see how it has trended over the past 12 months. Similar to the exercise we ran on the US market last week, we'll seek to further our understanding of the recent market recovery through a global risk lens, and then compare it to the recovery of...
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Omer Cedar
Omer Cedar

US Total Risk Remains Elevated

April 14, 2019
This week we'll examine Total Risk in the US over the past 12 months (using the Russell 3000 as a bellwether) to better understand the mechanics of the market's swift recovery from the slump of late 2018. While we typically focus on the drivers of factor and market performance, it's also vital to determine how risk is trending (in particular the correlation between stock and factor...
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Omer Cedar
Omer Cedar

What's Driving Volatility & Beta?

April 07, 2019
In light of the substantial rally in the US market over the past week, we'll be refocusing our attention on our US model in order to see how the key Volatility and Market Sensitivity factors have behaved. We'll also attempt to identify what's been driving these factors by decomposing their underlying long and short components.
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Omer Cedar
Omer Cedar

Recession-Resilient Stocks Around the World

March 31, 2019
We hope the start of spring has been treating you well. This week, the market digested the implications of an inverted yield curve along with data suggesting the economy has been losing momentum. In light of this, today we'll be using our new Security Search feature to find companies within our worldwide model that are better suited to weather an economic recession and potential...
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Omer Cedar
Omer Cedar

Finding the Top Growth and Value Names Abroad

March 24, 2019
Over the past two weeks, we've explored global trends in Growth and Value to determine the countries that have had the most (and least) exposure to those factors. Today, using our new Security Search feature, we're going to find the best positioned Growth and Value stocks across the worldwide model (70k+ stocks).
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Omer Cedar
Omer Cedar

The Global Value Environment

March 17, 2019
Last week, we took a look at the Growth picture in the US, China, Japan, and Canada in the lens of our global model. Today, as we continue our series on global factor trends, we'll assess how Value factor screens within global indices, to see where investors might find the most Value-friendly markets abroad.
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Omer Cedar
Omer Cedar

The Global Search for Growth

March 10, 2019
Continuing our exploration of the worldwide vs. US models, we're starting a series where we'll examine the factor characteristics and trends within broad global indices. This week, we'll start by examining Growth factor trends in key countries to better understand the country selection movements that are likely to follow.
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Omer Cedar
Omer Cedar

Comparing Factor Performance in a Global vs. US Model

March 03, 2019
Typically, the factor trends that we observe in Factor Spotlight are based on our US model. This week, we'll be introducing our worldwide model by taking a look at how some of the major factors have behaved on the global level, compared to what we're seeing in the US.
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Omer Cedar
Omer Cedar

Offensive Recovery Finale — The Model Portfolio

February 24, 2019
Following up on last week's discussion, we conclude our multi-part series on positioning for a potential market recovery, by building and analyzing a model portfolio that internalizes the insights we've gained from prior recoveries. Through the construction of a model portfolio we've uncovered an intuitive insight applicable to the recent recovery so please make sure to read the section...
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Omer Cedar
Omer Cedar