Weekly ADR Report - Best And Worst - June 3, 2014
The best scoring ADRs from 1 year ago have -- on average -- outpaced the EFA over the following year by 1097 bps. Of our top scoring from one year ago, the top performers have been AZN up 47% and TRIB up 40%.
The average score across our ADR universe is 45.21, above the four week moving average score of 44.70. The average ADR is trading -16.17% below its 52 week high, 1.68% above its 200 dma, has 4.27 days to cover held short, and is expected to post EPS growth of 22.57% next year.
Summer is historically a period marked by relative outperformance for the MSCI EAFE to the S&P 500.
| ADRS | 6/2/2014 | 4 Week MA | ||||||
| Company Name | Symbol | Sector | INDUSTRY | REGION | COUNTRY | ZONE | SCORE | SCORE |
| BEST | ||||||||
| Astrazeneca | AZN | HEALTHCARE | Pharma. & Biotech. | United Kingdom & Ireland | United Kingdom | Europe | 90 | 87.5 |
| National Grid | NGG | UTILITIES | Gas,H20&Multiutility | United Kingdom & Ireland | United Kingdom | Europe | 90 | 88.75 |
| ASM International - New York Shares | ASMI | TECHNOLOGY | Tech.Hardware&Equip. | Continental Europe | Netherlands | Europe | 85 | 81.25 |
| B C E Inc. | BCE | TELCO SERVICES | Telecom Services - Domestic | North America | Canada | North America | 85 | 83.75 |
| BT Group | BT | TECHNOLOGY | Fixed Line Telecom. | United Kingdom & Ireland | United Kingdom | Europe | 85 | 60 |
| Bancolombia - Pref | CIB | FINANCIALS | Banks | Latin America | Colombia | Latin America | 85 | 83.75 |
| Daimler | DDAIF | CONSUMER GOODS | Automobiles & Parts | Continental Europe | Germany | Europe | 85 | 71.25 |
| Nippon Telegraph and Telephone | NTT | TECHNOLOGY | Fixed Line Telecom. | North Asia | Japan | Asia | 85 | 83.75 |
| Ryanair | RYAAY | SERVICES | Travel & Leisure | United Kingdom & Ireland | Ireland | Europe | 85 | 67.5 |
| SHIP FINANCE INT'L | SFL | SERVICES | Shipping | Bermuda | 85 | 71.25 | ||
| CNInsure | CISG | FINANCIALS | Nonlife Insurance | North Asia | China | Asia | 80 | 78.75 |
| CTrip.com International | CTRP | SERVICES | Travel & Leisure | North Asia | China | Asia | 80 | 73.75 |
| Grupo Aeroportuario del Centro Norte | OMAB | SERVICES | IndustrialTransport. | Latin America | México | Latin America | 80 | 82.5 |
| SIGNET GROUP PLC | SIG | SERVICES | Jewelry Stores | Bermuda | 80 | 77.5 | ||
| Telecom Argentina | TEO | TECHNOLOGY | Fixed Line Telecom. | Latin America | Argentina | Latin America | 80 | 76.25 |
| WORST | ||||||||
| Delhaize | DEG | SERVICES | Food &Drug Retailers | Continental Europe | Belgium | Europe | 10 | 11.25 |
| Ku6 Media Co., Ltd | KUTV | TECHNOLOGY | Mobile Telecom. | North Asia | China | Asia | 10 | 12.5 |
| MILLICOM INT'L | MIICF | TECHNOLOGY | Mobile Telecom. | Continental Europe | Luxembourg | Europe | 10 | 18.75 |
| Koninklijke Philips Electronics - New York Shares | PHG | CONSUMER GOODS | Electron.&ElectricEq | Continental Europe | Netherlands | Europe | 10 | 12.5 |
| Xinyuan Real Estate | XIN | INDUSTRIAL GOODS | Real Estate Inv&Serv | North Asia | China | Asia | 10 | 11.25 |
Over the three month period ending August 31st, the EFA has posted gains seven times, returning a median 1.91%.
Over the past five years, the following ADRs boast the most robust seasonality through August:
| Symbol | May-Aug | May-Aug | May-Aug | May-Aug | May-Aug | May-Aug | May-Aug |
| (of 5) | 2009 | 2010 | 2011 | 2012 | 2013 | Average | |
| BRFS | 5 | 14.00% | 4.26% | 5.83% | 3.83% | 0.35% | 5.65% |
| CHA | 5 | 8.51% | 5.85% | 10.00% | 25.21% | 8.83% | 11.68% |
| CHL | 5 | 0.02% | 10.22% | 11.79% | 5.82% | 4.18% | 6.41% |
| GGAL | 5 | 55.86% | 45.62% | 2.43% | 7.96% | 22.69% | 26.91% |
| SHPG | 5 | 18.84% | 5.73% | 1.58% | 7.26% | 11.94% | 9.07% |
Healthcare (AZN, PSDV, SHPG, LUX, FMS) is the top scoring sector across ADRs. Utilities (NGG, HNP, KEP, ENI) and services (SFL, RYAAY, SIG, OMAB, CTRP) also score above average. Financials, technology, and consumer goods score in line. Industrial goods and basics score below average.
The best scoring zone is North America (BCE, PSDV, TU, ECA), followed by Latin America (CIB, TEO, OMAB, BSAC, ENI, TSU, TV, CPA, ASR, PVD, IBA, YPF) and Europe (NGG, AZN, BT, ASMI, RYAAY, DDAIF, ICLR). The top regions are North America, UK/Ireland, and LatAm. The best countries include Bermuda (SFL, SIG), Canada (BCE, TU), Mexico (OMAB, TV, ASR), and Argentina (TEO, YPF, GGAL, IRS)..
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