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Alpha India Indices – The Sector Filter
Orpheus Capitals, Jan 2011, Pages: 7
Analyst Research Report Snapshot
The sector filter performance is cyclical and works on all timeframes and for all assets. This is why sectors under- and outperform in the same way as individual stocks do. If we look at the three months performances, CNXIT is the top performer with 9.76%, while BSE Realty is the worst with -31.71%. This means that one could have made a 40% profit in three months by simply buying CNXIT and selling BSE Realty. We looked at the sector performance to filter our top and worst among the various sectors on a multiple time frame or an integrated basis. When we had the best and the worst list of sectors, we knew where to look for stock picking ideas.
A worst sector according to performance cycles should outperform and hence should be used for stock picking. While a best sector has already delivered in performance and is expensive. This sector stocks should be avoided in a portfolio. After the sector filter we shortlisted the best and worst stocks. In the table below we have illustrated the final list of the best sells (reduce) and best buys (hold and accumulates) sector and stocks opportunities.
The top twelve performer stocks, filtered by sector, are: VIP Industries, Titan Industries, Orchid Chemicals, Aurobindo, Canara Bank, HDFC Bank, Bhushan Steel, Tata Steel, Infosys, TCS, Tata Motors and Exide. The bottom eleven performer stocks (worst rankers) are: United Spirits, Marico, Housing Development and Infrastructure, Hindustan Construction, Gammon, Suzlon, Torrent Power, Reliance Infrastructure, Hindustan Petroleum, Bharat Petroleum and Ackru City. Enjoy the latest Alpha India.
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