Research, market insights, press releases and documents for professional investors — from C8 Technologies and our global index and research partners.
The Tematica Select Model Suite is now available. Get access to everything from Core holdings to the favorite companies of Cash Strapped Consumers to Nuclear Energy & Uranium, not to mention a Market Hedge and even some high yielding income models.
C8 Technologies are delighted to announce that Trendrating will be adding 7 US and European equity indices to C8 Studio. They have been working with investors over the past 10 years to enhance equity portfolios, using a proprietary methodology which focuses on determining the ongoing trend in individual equities. Trendrating have just produced a timely report on US bank stocks which they have kindly allowed C8 to share. This illustrates that, whilst the Silicon Valley Bank failure had idiosyncratic issues, investors perceive a much wider problem with smaller US banks.
Please find below monthly updates for the following C8-driven products: C8 Corporate Bond Monthly Update, C8 Active World ESG Index, C8 Multi Asset Global Opportunities Certificate, C8 China Futures Access TRS, C8/ Greenblue Good Governance US Equity L/S Certificate
The C8 Update investigates different approaches to direct indexing of corporate using IHS Markit bond indices. We also illustrate the power of combination by using our proprietary Tactical Asset Allocation methodology to combine 4 cryptocurrency indices.
After a period of strong gains, the Good Governance Certificate gave back 3.2% in June. With oil and gas stocks excluded from our long basket on ESG grounds, the sharp recovery in these stocks (up 23% since the start of May) weighed on the overall performance. However, this underperformance is to be expected, given the ESG exclusions, when, for example, the oil price rises sharply. This leaves the Certificate up 2.6% in the first half of the year, and up 8.2% since inception.
C8/GreenBlue Good Governance US Equity L/S Certificate up 1.7% in May Please click on the link above to view the May Monthly Report for the ‘C8/GreenBlue Good Governance US Equity L/S Certificate’, that we are forwarding on behalf of the issuer, Cirdan Capital. ‘There were…
March Monthly Report for C8/GreenBlue Good Governance US Equity L/S Certificate, issued by Cirdan Capital, update.
After a strong November, the Certificate gave back 1.2% in December to close 2020 with a 5.4% gain. It was certainly a challenging year to launch the Certificate, however it still made consistent gains through the year. Most impressive was the standout performance in the Q1 equity sell-off.
September was a month of two halves, the initial retracement in the S&P 500 was also matched by some further weakness in the Certificate, however the partial rebound in US stocks later in the month favoured the ‘Good Governance’ portfolio, leaving the Certificate up on the month. This leaves the Certificate up 5% since inception.
C8/GreenBlue Good Governance US Equity L/S Certificate – August 2020 Review Please click on the link above to view the July Monthly Report of the ‘C8/GreenBlue – Good Governance US Equity L/S Certificate’, that we are forwarding on behalf of the issuer, Cirdan Capital.
The Certificate had a strong start to the month but pre-US election stock market jitters lead to these gains being given back as October progressed. As a result, the certificate ended unchanged on the month. With the HFRX Equity Index down ½% on the month, the Certificate has now outperformed this HF index by almost 10% this year.
The ‘Good Governance’ Certificate continues to perform well, rising by a further 1.4% in July, with the S&P 500 continuing to recover ground from Feb/Mar falls. This took the performance of the Certificate to +5.5% since inception, on the 21 January. The ‘Good Governance’ risk premia has shone through in the past few months, and we note similar outperformance in the backtest during 2008/09 and in other volatile years for US stocks. Most notable, is the max drawdown of the Certificate of 3½% in March, set against the S&P 500’s 30% fall.
Deferred Revenue is a Balance Sheet account that is created when a customer pays upfront. This financial metric can be a useful tool is identifying stellar companies.
Free Cash Flow is arguably the most important financial metric for a company -- not only because "cash is king" from a shareholder's perspective, but also because this metric avoids distortions that are inherent with other commonly-used measures of a company's financial performance.
The monthly update discusses two new index providers, the ESG Water Risk Index and Efficient Alpha's Private Equity Metrics. We also discuss our new collaboration with Interactive Brokers.
It was another strong month for the Certificate, which rose by 2.1% in May, as the S&P 500 continued to recover ground from Feb/Mar falls. This took the performance of the Certificate to +2.3% since inception, on the 21 January, even with an up to 40% long market bias. The ‘Good Governance’ risk premia has shone through in the past few months, and we have noted similar outperformance in the backtest during 2008/09 and in other down years for US stocks.
The Certificate rose by 1.9% on the month as the S&P 500 recovered some ground from Feb/Mar falls. This took the performance of the Certificate back to +0.2% since inception on the 21 January (even with an up to 40% long market bias). This is in sharp contrast to a fall of 11.8% in the S&P 500 over this period.
In April's Monthly Update we announce the addition of Solactive Indices to the C8 platform as well as the Nasdaq Singularity Index. We also discuss the impact of leverage with regards to performance, with respect to the C8/GreenBlue Good Governance Certificate. Finally, an update on Index performance drawing attention to some of March's strong performers.
As we detailed last month, when C8’s systematic factor-weighted equity L/S overlay was applied to the Green Blue Invest portfolio of the top 100 ‘Good Governance’ stocks in the S&P 500, one of the stand-outs from the backtest was the strong performance of the Index in volatile markets. We also noted the outperformance of the Certificate in February, which was even more marked in March, where the Certificate rose 3.4% against a 12.4% drop in the S&P 500. Indeed, a better measure of the outperformance may be that, since launch, the S&P 500 has fallen by nearly 22%, whilst the Certificate has risen by 0.5%, despite a 40% long bias.
