44 results for “Capitalmind Momentum”

Understanding Momentum Investing

The most comprehensive guide to understanding momentum investing - the strategy proven to consistently beat the market. Explore extensive research on why momentum works across time periods, countries, and asset classes. Learn the behavioral finance behind momentum and how to apply it successfully in Indian markets. Dive into studies from the premier anomaly to the efficient market hypothesis. And learn real-world lessons from Capitalmind Adaptive Momentum, India's best and longest-running Momentum PMS.

[Podcast] EP 76: Momentum Investing in India with Anoop Vijaykumar

Explore the power of momentum investing with Anoop Vijaykumar from Capitalmind, as he delves into the intricacies and successes of the momentum portfolio. Celebrating five years of remarkable performance, Anoop discusses how this quantitative strategy has yielded an impressive annualized return of nearly 29%, significantly outpacing traditional benchmarks like the Nifty and NSE 500. Learn how the adaptive momentum strategy skillfully navigates market volatility and what the future holds for momentum investing. Tune in to discover how strategic adaptations in challenging times, like March 2020, minimized losses and reinforced the robustness of momentum investing. Whether you're a seasoned investor or new to the market, this episode offers valuable insights into a proven approach that leverages market trends to achieve superior returns. Don't miss out on this insightful exploration of momentum investing at Capitalmind.

Demystifying Momentum

The Adaptive Momentum Portfolio in our PMS, Capitalmind Wealth, completed five successful years of live operation in March 2024, making it India’s longest-running quantitative PMS momentum strategy. We wrote this article for the non-finance investor to understand, jargon-free, from our experience managing a quantitative momentum strategy with real capital.

Looking for the best smallcase to invest in 2024? Make sure you look at these five things first.

There are hundreds of smallcases to choose from. Each month brings a new list of smallcases showing great short-term returns. But that's not how you should pick which smallcase to invest in. Here's the definitive common-sense guide.

Momentum and Low Vol continue steady - Nov '23

The 4th 2023 quarterly rebalance of the CM Low Vol portfolio went out to Capitalmind Premium and CM Low Vol smallcase subscribers earlier this week. This post covers a quarterly update of our factor portfolios: CM Low Vol and CM Momentum. In addition, we look at an example of how factors can be surprisingly effective. And we also use chatgpt for some quick analysis on whether recent volatility has been higher than in the past and the relationship between volatility and the likelihood of market declines.

[Podcast] Stock market returns are lumpy. Get used to it

10-Dec: FPIs Sell Hard, Sector Rotation in 2023, Godfrey Phillips is Outlier & More

Quick glance 🔆 Market Overview: Crisp overview of markets & macros 🔆 Off the Charts: FPI sell hard in 2022, but we still hit ATH 🔆 Good Reads: 5 good reads from across the globe 🔆 Outlier Stock: Godfrey Phillips Breaking Out 🔆 Capitalmind on YouTube: Investing at market highs, sector rotation in 2023 & More

🔆 03-Dec: Honda Power, GDP Update & More

🔆 Quick glance What’s up with markets: Crisp overview of markets & macros What we are reading: 5 good reads from across the globe What stock: Honda India Powers through as Outlier What’s on YouTube: India's Q2FY23 GDP Analysis & More

19-Nov: FTX scandal, Railway stocks, Prataap snacks & More

🔆 Quick glance What’s up with markets: Crisp overview of markets & macros What we are reading: 5 good reads from across the globe What’s that outlier: Prataap Snacks What’s on YouTube: FTX scandal, Railway stocks & More

🔆 12-Nov: NESCO, Nykaa, HDFC Twins & More

🔆 05-Nov: TIPS Industries, Global Health IPO & More

🔆 Quick glance - What's up with markets: Crisp overview of markets & macros - What we are reading: 5 good reads from across the globe - What's that outlier: TIPS Industries - What's on YouTube: E-Rupee, Global Health IPO & More

[29 Oct 22] Newsletter: 30% OFF Diwali deal, Venus Pipes is Outlier, 5 Good Reads & More

🔆 Quick glance What's up with markets: Crisp overview of markets & macros What we are reading: 5 good reads from across the globe What's that outlier: A note on Venus Pipes What's on YouTube: Jio Financials, Mid-size banks & More

[21 Oct 22] Newsletter: 30% OFF Diwali deal, TCI is Outlier, 5 Good Reads & More

Quick glance 🔆 What's up with markets: Crisp overview of markets & macros 🔆 What we are reading: 5 good reads from across the globe 🔆 What's that outlier: A note on Transport Corporation of India 🔆 What's on YouTube: Booming bank credit, Bajaj Finance & More

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...

[3 Sep 22] Newsletter: Market overview, Weekly Youtube show & 5 Good reads!

. - Market Overview: Sensex 30 PE trend, Macro markers & Top stocks of the week - Links we like: 5 good reads on markets & money - Capitalmind Show: Kya Lagta Hai Bazaar on Youtube .

[20 Aug 22] Newsletter: Market overview, Weekly Youtube show & 5 Good reads!

. - Market Overview: Sensex 30 PE trend, Macro markers & Top stocks of the week - Links we like: 5 good reads on markets & money - Capitalmind Show: Kya Lagta Hai Bazaar on Youtube - [Last Chance] - Independence day offer! .

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.

[23 Jul 22] Newsletter: Market Overview, 5 Good Reads & Capitalmind Weekly Show!

🔆 Quick glance . - Market Overview - Sensex 30 PE trend, Macro markers & Top stocks of the week - Links we like - 5 good reads on markets & money - Capitalmind Show - Kya Lagta Hai Bazaar on Youtube .

[9 Jul 22] Newsletter: Market Overview, Links we like & Our weekly show

Quick glance - Nifty 50 PE ratio - Valuation indicator for the current markets - Hits & Misses - Stocks that gained and lost the most - Links we like - 5 good reads on markets & money - Capitalmind Show - Kya Lagta Hai Bazaar .

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?

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.

EP40: How Smallcase helped create a new generation of investors

Episode 40 and we’re speaking to the fintech firm that just raised 40 Million dollars last week - Smallcase! Deepak sits down with co-founders Vasanth and Anugrah to talk about creating a new way to invest in stocks, investment lessons from the pandemic and what’s up next from the Smallcase team.

EP39: Why we run a PMS and how we do it differently

What is a Portfolio Management Service? How does it really work? Do they actually benefit their clients? In this episode, Vashistha and Deepak explore PMS' through their experience of running one at Capitalmind. They explain how the operations work, the pros and cons of different fee structures, quantitative strategies and how PMS' are different from AIFs, Mutual Funds and Smallcases.

Good things come in small packages in a frothy July

July 2021 Monthly Update for the Capitalmind Momentum Portfolio. A good month for the portfolio, up ~9% compared to 0.3% for the NIFTY and 1.4% for the CNX500. Starring, a stock that ran up 50+% in the first half then turned around and fell 17% in the second, and one we continue to hold. Read on for the July 2021 update.

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.

The Capitalmind Momentum Smallcase

The Capitalmind Momentum Smallcase performance and how to subscribe

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.

Podcast #33: Momentum Investing, Unintuitive yet Effective

In this episode of the Capitalmind Podcast we discuss what is momentum investing, the key research by academics and practitioners that started the exploration into this strategy, the two schools of thought that explain why it exists. How it applies to Indian markets, and our analysis into whether it has worked. Also the downsides of momentum, both real and perceived, and in what ways it can be a good counterweight to a bottom-up fundamentally picked portfolio. We close with how we manage the Momentum portfolio at Capitalmind, and the differences between the Premium and the PMS Momentum portfolio.

[Media] On CNBC TV18: Smart Money on Momentum, Risks, Books and more

Where Deepak speaks about Momentum, Risks and Discipline in investing.

Podcast #31: How trend following can make buy and hold better

In this episode, Shray and Sandeep discuss how adding a trend following layer to a long-only portfolio can help enhance returns and lower drawdowns, in the context of Capitalmind Chase - our own such strategy.

The Capitalmind Wealth Momentum Performance, and How It Weathered the Covid Crisis

Capitalmind Momentum Portfolio has delivered 28% for the year ending July 2020 with lower volatility than the broader market. Here's how the rule-based exit and re-entry strategy enabled reducing the impact of the March market fall.

Podcast #26: Who moved my market? A deeper look at FIIs.

Podcast #23: How India’s amazing new financial infrastructure will enable better, more inclusive “Bharat UX”

Podcast #21: The amazing rise of passive and what you need to do about it

Our Best Stuff in 2019

Podcast: Momentum- The Anomaly that Persists (Episode-6)

Podcast Episode 2: Are Index Funds Outperforming Actively Managed Funds?