The domestically focused small-cap Russell 2000 index outperformed large-cap indexes and rose 1.8%. The index advanced 4.3% for the week, closing at its highest in more than a week.
Posts in category All News
Q: email notifications on new topics / ‘follow’ a user (23-11-2024)
This took me a bit to figure out so if its helpful for anyone. The setting for notification when someone replies is disabled by default and you have to enable it. Go to Preferences → Notifications and enable the appropriate checkboxes.
Most Adani stocks gain; Ambuja, ACC and Adani Ports offer value (23-11-2024)
Sanghi Industries, Ambuja Cements and ACC rose 3-4% on Friday and were among the top gainers. Adani Enterprises, the group’s flagship company, gained 2.2%.
Adani Group bonds attract investor interest post fall (23-11-2024)
Adani Ports and Special Economic Zone (APSEZ) bonds, which fell from 96 cents to 92 cents Thursday, were trading at 90-91 cents Friday evening. Adani Green Energy’s 6.7% March-issued bonds, which traded at 84/85 cents Thursday, held steady at the same levels Friday evening.
Gold price climbs Rs 10 to Rs 78,830, silver falls Rs 100 to Rs 91,900 (23-11-2024)
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 72,260
Midcap Momentum Portfolio (23-11-2024)
@alphaAKS Good to see that you are going to start with building a portfolio. Jagadesh and Titman used what is known as 12-1 in their momentum ranking. What we use is slightly different.
Some suggestions from my side:
- Typically, you should choose top 10% of the universe as your portfolio size. So, if the universe if Nifty 750, having a pf of just 25 stocks may be too small. I have 5 different pfs to cover N750.
- If you want to build a pf of pure momentum, look at just price action, ie. Rate of Change. Adding more metrics to it, will lead to a reduction of returns (but will also lead to a reduction in drawdowns). In our case we have added a volatility factor only.
- If your universe if N750, there will be a large proportion of smallcap and microcap stocks in the pf. Monthly rebalance could be tricky as these stocks are known to fluctuate a lot.
- If you just want to get a feel of how the strategy performs, you could choose microcap 250 as the universe and build a pf around that with a weekly rebalance. This universe has been very rewarding for me. This is also listed in this forum.
In summary:
Choose a smaller universe or increase the number of stocks in pf.
Reduce the number of indicators used for ranking stocks.
Choose appropriate rebalance interval.
Follow the system completely; do not apply personal bias in any decision.
FPIs sell big in oil & gas and financial stocks, add IT (23-11-2024)
So far in November, foreign investors sold shares worth ₹25,254.6 crore. This comes after foreign outflows hit a record high of ₹1.04 lakh crore in October following a rebound in Chinese markets and a disappointing corporate earnings season
Sebi begins inquiry into alleged false statements by Adani Group (23-11-2024)
The regulator has sought information from stock exchanges regarding Adani Green Energy’s communications on US investigations, they said, and will consider launching a formal probe after receiving the reports from the bourses.
Maharashtra Assembly Election 2024: Key candidates and seats to watch out for (23-11-2024)
Maharashtra Election 2024: Maharashtra’s 288-seat Legislative Assembly elections on 19 November 2024 will see a heated contest between the ruling BJP-led Mahayuti alliance and the opposition Maha Vikas Aghadi (MVA) coalition. Prominent leaders, including Aaditya Thackeray, Ajit Pawar, and Devendra Fadnavis, face significant challenges in key constituencies like Worli, Baramati, and Nagpur South West. National political figures have campaigned vigorously, underlining the importance of this election for both state and national politics.