E ADRs Best & Worst Report - January 12, 2015

Since 2010, the average return of our weekly best scoring ADRs have outpaced the MSCI EAFE by a median 436 bps over the following year, with no turnover.

According to the Seasonal Investor, the EFA has gained in 7 of the past 10 first quarters, returning a median 2.23%.

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Source: Seasonal Investor

The average ADR score is 44.17, which is below both the four week and eight week moving average score of 44.84 and 46.58, respectively. The average ADR is trading -26.59% below its 52 week high, -8.96% below its 200 dma, has 3.58 days to cover held short, and is expected to grow EPS by 17.24% next year.

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The best scoring sector across our ADR universe is healthcare (LUX, FMS, FLML, EDAP, TEVA, RHHBY, RDY, PSDV, NVO, AZN), followed by services (RYAAY, SIG, DEG, JOBS, ANW, OMAB, ICLR), and consumer goods (UPMKY, SNE, TM, AMCRY, FBR, NSRGY).  Utilities and financials score in line with the average universe score. Technology, industrial goods, and basics score below average.

The top scoring zones are North America/Canada (BCE, PSDV, RY), Middle East (NICE, TKC, TEVA), and Europe (RYAAY, LUX, DEG, ASMI, UPMKY, ANW, FMS, ARMH). The best regions include North America, MENA, and Australia/NZ (AMCRY, AWCMY). The highest scoring countries are Ireland (RYAAY, ICLR, CRH), Bermuda (SIG, GSOL, SFL), Hong Kong (HKTV, MPEL, SMI), Taiwan (SPIL, HIMX, UMC), and Canada (BCE, RY, BMO).

 

Disclosure: None.

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