International Alpha Factor
What is the service?
A proprietary, quantitative model - the Columbine Alpha Factor - evaluates each stock's price behavior during the past year and forecasts its expected excess return (alpha) relative to its country market from price momentum over the next six to twelve months.
What makes it different?
- Covers 24 major markets with country-specific versions of the Columbine Alpha Factor model
- European regional version
- Applies an Emerging Markets version in smaller markets
- Proven track record - published since 1991
- Unique risk-adjusted methodology takes volatility into account
- Designed for institutional holding periods
- Adapts to changes in market environment - reoptimized annually
Who should use it?
International equity portfolio managers interested in adding an objective, quantitative measure of price momentum to their stock selection system
What do I receive?
Weekly rankings (1 to 10, see the graph below) from the Columbine Alpha Factor for
26,000+ non-US securities in 45+country markets
What do the rankings mean?
How do I get the rankings?
- Electronically via the Internet (E-mail or FTP)
- FactSet system
- Hard copy reports via overnight express
How has it performed?
How do I use it?
We recommend using the Columbine Alpha Factor as an adjunct, or overlay, to more conventional security analysis. Our research (and our clients' experience) amply demonstrates the synergistic benefits - improved return and reduced portfolio risk - of adding Columbine Alpha price momentum to fundamental analysis.
How can it help me?
- Source of Buy ideas
- Objective replacement for technical analysis
- Enhance the timing of buys and sells
- Forecast industry & sector performance
- Replace naïve relative strength models
- Input into proprietary multifactor model
Click here for more information on the International Columbine Alpha Model
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