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Viewing report
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Alpha India Rankings - Jiseki Quarterly Rankings Special
Orpheus Capitals, Oct 2011, Pages: 9
Jiseki quarterly rankings special
Now that Orpheus Capital has moved to the extended list of 500 Indian assets (CNX 500), improved with the economic sector and subsector filters, it makes sense to carry the resulting rankings (Jiseki rankings*) as a special issue. The filtering process includes the main economic sectors (Early Economic, Mid Economic and Late Economic) and also their subsectors (Early Economic: Auto, Banks, Financials, Real Estate, Services, Technology and Telecom; Mid Economic: Constructions, Consumer Goods and Industrials; Late Economic: Basic Materials, Energy and Utilities, Pharma and Metals).
The main aim is to filter out the best and worst performers for each sector. A simple filter is used of the top 20% and bottom 20% (best performers are the ones ranked above 80%, while the worst performers are ranked sub 20%). Orpheus Capital is looking to reduce, close or short the best performers, as they are the ones which should underperform next and vice versa, they are looking to allocate, buy or accumulate the worst performers. As for the market bias, we continue to see the current structure as a completing b wave up which should hold the highlighted resistances at 5,200 levels.
*The Jiseki Time cycles are seasonal patterns of strength or weakness in assets. They are derived from percentile rankings of 0 to 100. The higher the percentile more the chance for an asset to weaken and worst the ranking, better the chance for the respective asset to outperform.
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