ADR report – summary                                                                                   

• The top-rated sector is healthcare.
• The best countries are Israel, South Africa, Russia

The top-ranked sectors are healthcare (AVDL),(IFRX),(HCM),(ARGX), utilities (NGG), and technology (QTT), (NICE), (BILI), (SEDG), (JKS), (DAVA), (CCC). Services are neutral. Consumer, industrials, financials, and basics rank below average. 

Zone, Region, & Country Ranking

The best zones are the Middle East (NICE) (SEDG) (TEVA) and Africa (HMY). The top regions are MENA, Sub-Saharan Africa (HMY) (DRD), and Central & Eastern Europe (MBT). Israel (SEDG) (NICE) (TEVA), South Africa (HMY) (DRD), Russia (MBT), Taiwan (TSM), and Germany (FMS) (DB) (IFRX) are the top-rated countries.

ADR Ranking 

The following ADRs score best and worst in our universe.