Omega Point Blog

Growth

With Rising Rates Comes a Rebound in Value

February 28, 2021

The past few weeks have had investors scratching their heads as we’ve seen rates surging in 2021. Long-term US treasury yields have risen over 50 bps since the end of 2020, with the majority of that rise happening in the past month alone. Coupled with the January retail crowding event and the recent market sell offs that have posed unusual challenges for the typically-soaring tech stocks,...

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Alyx Flournoy, CFA
Alyx Flournoy, CFA

Much Ado About Value

December 13, 2020
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Alyx Flournoy, CFA
Alyx Flournoy, CFA

Beta and Volatility: A Wolf in Growth and Value Sheep’s Clothing

December 06, 2020
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Alyx Flournoy, CFA
Alyx Flournoy, CFA

The Factors Leading to Last Week's Momentum Shock

November 15, 2020
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Alyx Flournoy, CFA
Alyx Flournoy, CFA

Are Interest Rates a Scapegoat for Value’s Rocky Road?

August 02, 2020

 

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Alyx Flournoy, CFA
Alyx Flournoy, CFA

Where’s the Alpha? Characteristics of Alpha-Driven Stocks

December 15, 2019

The end of the year is good a time for reflection and analysis, and many investors take the opportunity to use the typically less hectic market period between mid-December and mid-January to examine their process, figure out what’s worked over the past year, and think about improvements for the next year. A key candidate for annual adjustment is the definition of the investment...

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Omer Cedar
Omer Cedar

Overbought/Oversold Factors Around the World

June 23, 2019

We’ve spent the past couple of weeks focusing on Momentum and Growth (both of which are continuing to revert to the mean on a normalized basis). Today, we’re going to pull back the lens and examine factor trends in our US and Worldwide models, in order to identify some other themes that are playing out right now.

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Omer Cedar
Omer Cedar

Growth & Momentum Are Now Reverting

June 16, 2019

Last week, we discussed how Growth and Momentum are both overbought in our normalized return framework, and urged caution to managers who are long exposure to those factors (most notably Tech investors). This week, we have an update on how these factors have trended (spoiler alert: Momentum is now reverting) and see what we can learn from historical instances when Growth and...

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Omer Cedar
Omer Cedar

Tech Investors Take Note: Growth and Momentum Are Overbought

June 09, 2019

Today, we'll be taking a break from examining current trade entanglements through the lens of the Exchange Rate Sensitivity factor. Instead we'll check in on Growth and Medium-Term Momentum, two factors that have seen rapid gains in our normalized return framework over the past few weeks. They've both recently been flagged as Overbought and Extremely Overbought, respectively, and...

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Omer Cedar
Omer Cedar

Shrewd Investing Opportunities from Q1 Earnings

May 12, 2019

Over the past couple of weeks, we've examined Growth and Profitability to see the impact that 1Q earnings have had within the Russell 1000. We've now incorporated two more fundamental factors in our analysis - Value and Earnings Yield - to identify 21 companies that have had positive or negative fundamental changes in the past month that the market hasn't priced in yet. These names...

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Omer Cedar
Omer Cedar