E ADRs Best & Worst Report - January 20, 2015

Since 2010, the average return of our weekly best scoring ADRs have outpaced the MSCI EAFE by a median 421 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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The average ADR score is 45.53, above the four week moving average of 43.99 and below the eight week moving average of 45.88. The average ADR is trading -7.76% below its 200 dma, has 3.83 days to cover held short, and is expected to post EPS growth of 15.23% in the coming year.

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The best scoring ADR sector is healthcare (LUX, TEVA, RDY, NVS, FMS, BAYRY). Services (RYAAY, SIG, OMAB, ICLR, DEG, AHONY) also score above average. Consumer goods and technology score in line with the average universe. Financials, utilities, industrial goods, and basic materials score below average.

The top scoring zone is North America/Canada (BCE, TU, PSDV, RY), followed by the Middle East (NICE, TEVA, TKC). The best regions are North America, MENA, and South Asia (HDB, INFY, RDY, WIT, IBN). The highest scoring countries are Ireland (RYAAY, ICLR, TRIB), Bermuda (GSOL, SFL), Hong Kong (OIIM, HKTV), Canada (BCE, TU), and Taiwan (SPIL, TSM).

 

Disclosure: None.

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