20 results for “Capitalmind Factsheet”

Dealing with Adani-envy and the September effect

The Capitalmind Momentum Portfolio factsheet for August 2022. At ₹4.3L Crores, Adani Transmission is India's 10th most valuable company. It trades at 37x TTM sales. Adani Total Gas, worth ₹3.98L Crores, trades at 111x sales (yes, sales), is the 14th most valuable Indian company and is within touching distance of ITC. For comparison, ITC generates 18x of ATGL revenue, 30x Net Profit, and 21x Cash Flow from Operations. Do you go all-in on these stocks, counting on their market caps to keep defying common sense? Of dealing with Adani-Envy and more...

Liberty 2-4 changing call signs? Wait and see.

The Capitalmind Momentum Portfolio factsheet for July 2022. When 'New Horizons', the spacecraft NASA launched in January 2006 to travel three billion miles to explore Pluto, the most distant celestial body in our solar system, it reached its destination nine and a half years later in July 2015. And it did so within 72 seconds of the originally estimated time. 72 seconds off after travelling three billion miles over nine and a half years. Financial forecasts and models, open sourced or otherwise, with 137 input parameters, cash flow projections down to four decimals and a stock price estimate for 2026 might look deceptively similar to what went into the New Horizons estimate but ask yourself why Google Maps gets arrival times wrong on 20-minute road trips. Because there are people involved. People introduce uncertainty. And there are lots of those involved in determining outcomes for businesses. Even more in determining stock prices.

Duck and weave

For the broader markets, June turned out to be the worst month so far in 2022. The median stock was down almost 6%, and the NIFTY TRI was down 4.7%, the third consecutive monthly decline. Of the NSE-listed stocks, for every stock that rose in June, more than 3 stocks declined. CM Momentum was down 2% in June.

Ouch

To quote Bezos from his 2000 letter to shareholders: "Ouch." May was a terrible month. CM Momentum had its worst month in a long time. So what's next?

CM Focused Factsheet: A strong FY22 and the FY23 roadmap

FY22 was a good year for the CM Focused portfolio, up 36.7%, while the Nifty 50 advanced by 19%. In this post, we'll break down the CM Focused Portfolio's performance and get into the underlying portfolio management process.

Tight-fisted markets

Wait, are those green shoots?

After a poor first two months of the calendar year 2022, the Capitalmind Momentum Portfolio had a decent March with +6% (NIFTY +4%). The March recovery means we're still down -5% over the first three months of 2022, the NIFTY is marginally up at +0.6% over the same period. CM Momentum closed FY2022 at a respectable +33% while the NIFTY did +19%.

Skillful or just plain Lucky?

A review of the Capitalmind Momentum Portfolio, how it did in 2021 and thinking about 2022. The portfolio had a strong December with +7% along with the NIFTY +2.2%, and CNX 500 +2.4%. Overall, for 2021, Capitalmind Momentum did +83% compared to 24% and 30% respectively for the two market indices.

Momentum Factsheet November 2021

Oct + Nov 2021 Update for the Capitalmind Momentum Portfolio The Capitalmind Premium Momentum portfolio had a flat November while the NIFTY and CNX500 were down -4% and -3%, respectively. Overall, for October and November, CM Momentum is marginally positive (+1%) while the indices are slightly down, NIFTY (-3.6) and CNX500 (-2.7). Read on for the combined Oct and November 2021 wrap-up.

Quietly positive September amidst global rumbles

Sep 2021 Monthly Update for the Capitalmind Momentum Portfolio The Capitalmind Premium Momentum portfolio had a positive month with +1.7% but underperformed versus the NIFTY +2.8% and CNX500 +3.4%. In contrast to the previous month, large caps lost some steam as the month progressed, but mid-caps seem to get a second wind.  Read on for the September 2021 wrap-up.

Momentum takes a pounding in a frenetic August

Aug 2021 Monthly Update for the Capitalmind Momentum Portfolio A bad month for the Capitalmind Momentum portfolio, down -3% compared to +8.6% for the NIFTY and 6.5% for the CNX500. After a broad decline across the board, large caps came roaring back even as mid and small caps struggled.  Read on for the August 2021 wrap-up.

A rollercoaster June, a late surge and a reminder

We, turns out presciently, had the Mike Tyson 'Goodnight' gif in the May 2021 Momentum note about how markets surprise when you least expect them to. Surprise they did, but courtesy of a small set of stocks that had found their way into every momentum portfolio over the last year. The Adani pack, following some interesting developments, caused a flutter by reversing course. The solitary stock in the CM Momentum portfolio allowed a fortuitous exit mid-month and with a late surge, we still ended up +5% compared to +1.9% for the CNX500 and a +1.1% for the NIFTY. Read on for the June 2021 wrap-up.

What sell in May and go away?

In April, we observed the start of a shift from mega-caps to mid-caps in terms of momentum. Some large-caps got back their mojo but overall mid and small-caps had a better time of it in May. The NIFTY was up a whopping +6.5% taking 2021 YTD return to 12%. Momentum largely kept pace with everything happening around with a +9% month in smallcase NAV terms. Read on for the May 2021 wrap-up.

A strong start to the financial year as large caps make way and new leaders emerge

A flat to mildly negative month for index heavyweights but a lot of activity in specific segments especially metals, chemicals, and a few others. 2 of 5 stocks were positive for the month but the shift away from mega-caps to the mid and smaller caps was noticeable through the course of the month. Capitalmind Momentum had another strong month with a +9.6% gain. Read on for the April 2021 summary.

A rollicking end to the Financial Year but markets send mixed signals

In February 2021, almost all stocks were strong, and momentum went along for the ride. That changed in March. The breadth of stocks showing positive momentum shrank through the course of the month, with 3 out 5 stocks in the CNX 500 ending down in March. The broader market was up +1.1% since Feb. Capitalmind Momentum however, had a strong month with a +13.6% gain. Read on for the March 2021 summary.

LT Multicap is now revamped. A new approach, A new identity: The Focused Portfolio

Over the last couple of months, we at Capitalmind introspected about the Long Term Portfolio. One, how can we improve the Long Term Multicap portfolio returns? And two, how can we avoid major drawdowns? In the process, we revamped it as a Growth Focused portfolio introducing portfolio weights, position sizing with price-technical input and a name change. Read on.

Momentum Monthly Fact Sheet: Jan 2021

Markets retraced a bit in the first month of the year ending -2.5% down. Capitalmind Momentum was marginally up at +1.4%. Read on for a quick take on how the Momentum portfolio performed in January 2021.

How Capitalmind Portfolios did in 2020

Capitalmind subscribers get access to five core portfolios (three equity, one debt, and one index+Futures strategy). Each one is designed for distinct risk-return profiles and plays a role in an individual's asset allocation framework. In this post, we summarise the performance of the portfolios and other short-term ideas we closed in 2020.

Chase Monthly Fact Sheet: Nov 2020

November saw an upwards of thousand point move in the index, and we managed to capture close to 800 points of it, making it one of the most profitable months after July'20.

Chase Monthly Fact Sheet: Oct 2020

Returns Update October started on a positive note, with the index touching 12,000, of which the system could capture close to 600 points on the active component, then came the whipsaws, taking us out of trades, leading to one of the longest losing streaks of the year. With losses kept in check, we managed to close the month positive.