Here are the 10 stocks with smallest volume vs. last year's average volume. They did not trade very much yesterday, under 10% of last year's average daily volume.
0 HUSA Houston American Energy Corp 2.5%
1 TRHC Tabula Rasa HealthCare Inc 3.0%
2 LGVN Longeveron Inc 3.4%
3 SST System1 Inc 5.2%
4 TXMD TherapeuticsMD Inc 5.7%
5 IVVD Invivyd Inc 6.2%
6 CVM Cel-Sci Corp. 7.6%
7 CASA Casa Systems Inc 7.9%
8 USEG U.S. Energy Corp. 8.8%
9 ADN Advent Technologies Holdings Inc 9.6%
Good morning. Our model is up to 34 stocks held evenly in the optimized CQNS Long portfolio. This portfolio would be hedged by shorting the $SPY by a BETA-weighted amount.
The benefits of stock picking declines when short-term interest rates approach the expected return of stocks.
We only see four stocks with a better risk-adjusted return than the indices:
2 PNM PNM Resources In -0.000044 5.23% 0.60 1.06 0.00113 1.04 0.20
4 IEP Icahn Enterprises L P -0.000020 5.66% 0.79 1.10 0.00243 1.16 0.30
5 BRK.B Berkshire Hathaway Inc. -0.000019 6.89% 0.77 1.01 0.00560 1.00 0.77
6 AME Ametek Inc -0.000007 7.17% 0.69 1.13 0.00684 1.01 0.86
All of these stocks pay a dividend. That helps in a risk-off market.
Good luck in the markets today. Stay safe.
We are updating our data from about a month ago in our portfolio trackers...and they changed significantly
We realize that factors that describe stocks, like BETA values, and kurtosis which are calculated over the past year are changing quite a bit between January 12, 2023 and February 6, 2023.
We maintain US listed stock portfolios of these types of factors. More than half the stocks in each list are different over the past month. This means that edges provided by mathematical anomalies from normal distributions may not last more than a month, on average.
Stock Market BLOG
President and Investment Advisor Representative