E Weekly ADR Report Best And Worst - December 9, 2014

The average return of our best scoring ADRs from 1-year ago (12/9/2013) returned % in the past year, with no turnover. That generated 251 bps of excess to the MSCI EAFE index. The best performers from our list last year include SIG up 71%, SHPG up 60%, and IRS up 41%.

The average ADR score is 49.16, which is below the four week moving average score of 49.40. The average ADR is trading -23.06% below the 52 week high, -5.88% below the 200 dma, has 3.63 days to cover held short, and is expected to post EPS growth of 18.18% next year.

The best scoring ADR sector is services (OMAB, SIG, JOBS, ZNH, GSH, ENL, CUK, RUK, CEA, RYAAY, DEG). Healthcare (RDY, NVS, BAYRY, FMS, TEVA, LUX), Consumer goods (TTM, FBR, TM, AMCRY, NSANY), and financials (GGAL, BMA, LFC, IRS, BAP, BFR, RY, AXS) also score above average. Industrial goods score in line. Utilities, technology, and basics score below average.

The best scoring zone is the Middle East (NICE, TKC, TEVA), followed by North America/Canada (RY, BCE, PSDV, BMO). The top regions are the Middle East, North America, and UK/Ireland (VOD, CUK, RUK, RYAAY, ARMH). Argentina (GGAL, BMA, IRS, BFR, TEO), Israel (NICE, TEVA), Hong Kong (HKTV, SMI), Taiwan (TSM, AUO, ASX), and Bermuda (SIG, AXS, SFL) are the best scoring countries.

Disclosure: None.

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