Quantitative Equity Analyst, DMA

Charlotte van Tiddens, CFA

Quantitative Equity Analyst

Technology-First Company

DMA is a technology-first company that provides an end-to-end SaaS solution to institutional investors. DMA enables regulated entities like asset managers, wealth managers, investment managers and financial advisors to connect their front and back office, break silos and reduce headcount.

Quantitative Analysis

<ul>
<li>Short duration US factor strategies outperformed in September as markets came under pressure (value and dividend yield).</li>
<li>Despite keeping rates unchanged on the 20th of September at 5.5% (upper bound), Fed Chair Powell indicated that rates would be kept higher for longer than initially anticipated.</li>
<li>In this note we explore the <em><strong>relative performance</strong></em> of US factor strategies through different interest rate cycles, to inform timing around factor/style rotation.</li>
</ul>


Short duration US factor strategies outperformed in September as markets came under pressure (value and dividend yield).
Despite keeping rates unchanged on the 20th of September at 5.5% (upper bound), Fed Chair Powell indicated that rates would be kept higher for longer than initially anticipated.
In this note we explore the relative performance of US factor strategies through different interest rate cycles, to inform timing around factor/style rotation.


US Factor Strategies: Value and Dividend Yield Outperform in September, Higher for Longer Narrative

Research Firm with a Qualitative Overlay, Pearl Gray Equity and Research

Pearl Gray Equity and Research

Research Firm with a Qualitative Overlay

Quantitative fund & research firm with a qualitative overlay. 

Our coverage: General U.S. with a skew towards the primary sector. 

Methods: Smart Beta/Factor Pricing, Neural Networks, Street Gossip, and Common Sense.

Equity Bottom-Up

<ul>
<li>Risks such as potential asset impairments, the stock's volatility, and industry fragmentation persist.</li>
<li>However, key valuation metrics coupled with our analysis leaves us with the conclusion that Tesla's stock remains grossly undervalued.</li>
<li>The company's price cuts might be phased out by softening material costs, the company says.</li>
</ul>


Risks such as potential asset impairments, the stock's volatility, and industry fragmentation persist.
However, key valuation metrics coupled with our analysis leaves us with the conclusion that Tesla's stock remains grossly undervalued.
The company's price cuts might be phased out by softening material costs, the company says.


Value Investing

Vladimir Dimitrov, CFA

<ul>
<li>The company ranks very high in terms of capital allocation prudence and this is going to serve long-term shareholders well.</li>
<li>Cisco's stock appears conservatively priced given the company's strategic positioning and the ability to improve margins.</li>
<li>Cisco appears increasingly attractive as market liquidity conditions normalize, says analyst.</li>
</ul>


The company ranks very high in terms of capital allocation prudence and this is going to serve long-term shareholders well.
Cisco's stock appears conservatively priced given the company's strategic positioning and the ability to improve margins.
Cisco appears increasingly attractive as market liquidity conditions normalize, says analyst.


Cisco: It's The Opposite Of A Dot-Com Moment

<ul>
<li>Tesla's disastrous performance has resulted in the company no longer being among the Top 10 largest U.S. public companies.</li>
<li>Market commentators remain laser-focused on business fundamentals, while outside factors are still in the driver's seat.</li>
<li>Back in April of last year (less than a year ago) the optimism on Wall Street was running high.</li>
</ul>


Tesla's disastrous performance has resulted in the company no longer being among the Top 10 largest U.S. public companies.
Market commentators remain laser-focused on business fundamentals, while outside factors are still in the driver's seat.
Back in April of last year (less than a year ago) the optimism on Wall Street was running high.


What Is Tesla's Outlook After It Drops Out Of Top 10 Largest U.S. Public Companies?

United States

iShares Core S&P U.S. Growth ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the performance of the S&P 900 Growth Index. The Index measures the performance of the growth sector of the U.S. equity broad market.

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Ishares Core S&P U.S. Growth (IUSG US)

US Factor Strategies: Value and Dividend Yield Outperform in September, Higher for Longer Narrative

US rates and factor strategies: higher for longer likely to drive outperformance of short duration factor strategies, long US value short US growth.

DMA

Tesla: Riding The Wave (Update)

However, key valuation metrics coupled with our analysis leaves us with the conclusion that Tesla's stock remains grossly undervalued.

Pearl Gray Equity and Research

Cisco: It's The Opposite Of A Dot-Com Moment

The company ranks very high in terms of capital allocation prudence and this is going to serve long-term shareholders well.

Vladimir Dimitrov, CFA

What Is Tesla's Outlook After It Drops Out Of Top 10 Largest U.S. Public Companies?

Tesla's disastrous performance has resulted in the company no longer being among the Top 10 largest U.S. public companies.

Vladimir Dimitrov, CFA

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