All Posts By

Pascal Lefrancois

Release Notes 20190409.1

Overview

This post details the changes that went into Production for Inovestor for Advisor on April 9, 2019.

StockPointer® US and ADR Equities Model Portfolio Transactions – March 2019

We have rebalanced the Nasdaq Inovestor Global Index based on our US and ADR Model Portfolios, which will be effective on March 22nd after market close. Here are the details for the US Model Portfolio:

Ins:

  1. THOR INDUSTRIES (THO) – Market Trend. Increase in Consumer Discretionary sector as seen in the Top 100 index therefore increasing our position in the portfolio.
  2. MICRON TECHNOLOGY INC (MU) – Market Trend. Increase in IT sector as seen in the Top 100 index therefore increasing our position in the portfolio.
  3. THE CHEMOURS COMPANY LLC (CC) –  Intra Sectorial transaction.
  4. WALGREENS BOOTS ALLIANCE INC (WBA) – Intra Sectorial transaction.
  5. SALLY BEAUTY HOLDINGS INC (SBH) –  Intra Sectorial transaction.
  6. BLOCK(H & R) INC (HRB) – Intra Sectorial transaction.

Outs:

  1. UNITEDHEALTH GROUP INC (UNH) – Market Trend. Decrease in Financials sector as seen in the Top 100 index therefore decreasing our position in the portfolio.
  2. US BANCORP (USB) – Market Trend. Decrease in Financials sector as seen in the Top 100 index therefore decreasing our position in the portfolio.
  3. LOCKHEED MARTIN CORP (LMT) –  SP Score. No longer within SP score range and not in the top 20 of its sector.
  4. SMUCKER(J.M.)CO (SJM) – SP Score. No longer within SP score range and not in the top 20 of its sector.
  5. PENSKE AUTOMOTIVE GROUP INC (PAG) –  SP Score. No longer within SP score range and not in the top 20 of its sector.
  6. AUTOZONE INC (AZO) –  SP Score. No longer within SP score range and not in the top 20 of its sector.

 

Here are the details for the International Model Portfolio:

Ins:

  1. ARCOS DORADOS HOLDINGS INC (ARCO) – Market Trend. Increase in Consumer Discretionary sector as seen in the Top 100 index therefore increasing our position in the portfolio.
  2. NXP SEMICONDUCTORS N V (NXPI) – Market Trend. Increase in IT sector as seen in the Top 100 index therefore increasing our position in the portfolio.
  3. CIMPRESS N.V (CMPR) – Intra Sectorial transaction.

Outs:

  1. BANCO DE CHILE SPON ADS REP 200 ORD SHS (BCH) – Market Trend. Decrease in Financials sector as seen in the Top 100 index therefore decreasing our position in the portfolio.
  2. ASSURED GUARANTY LTD (AGO) – Market Trend. Decrease in Financials sector as seen in the Top 100 index therefore decreasing our position in the portfolio.
  3. TE CONNECTIVITY LTD (TEL) – EPI. EPI fell below 1.

StockPointer® Canadian Equities Model Portfolio Transactions – January 2019

We have rebalanced the Nasdaq Inovestor Canadian Index based on our Canadian Model Portfolio, which will be effective on January 18th after market close. Here are the details:

Ins:

  1. THE NORTH WEST COMPANY INC (NWC) – Market Trend. Increase in Consumer Staple sector as seen in the Top 100 index therefore increasing our position in the portfolio.
  2. PAREX RESOURCES INC (PXT) – Market Trend. Increase in Energy sector as seen in the Top 100 index therefore increasing our position in the portfolio.

Outs:

  1. NFI GROUP Inc. (NFI) – Market Trend. Decrease in the Industrials sector as seen in the Top 100 index.
  2. WEST FRASER TIMBER CO. Ltd. (WFT) – Market Trend. Decrease in the Materials sector as seen in the Top 100 index.

You can also find the transactions on Inovestor For Advisors, in the Model Portfolios – StockPointer Canada section.

Please contact us for more information.

The Inovestor Team

StockPointer® Canadian Equities Model Portfolio Transactions – October 2018

We have rebalanced the Nasdaq Inovestor Canadian Index based on our Canadian Model Portfolios, which will be effective on October 19th after market close. Here are the details:

 

Ins:

  1. Parkland Fuel Corporation (PKI) – Market Trend. Increase in Energy sector as seen in the Top 100 index therefore increasing our position in the portfolio.
  2. West Fraser Timber Co. Ltd. (WFT) – Intra Sectorial transaction. WFT replaced OSB, whose score fell below minimum.

 

Outs:

  1. Power Financial Corporation (PWF) – Market Trend. Decrease in the Financial sector as seen in the Top 100 index.
  2. Norbord Inc (OSB) – SP Score. OSB score fell below minimum.

 

You can also find the transactions on Inovestor For Advisors, in the Model Portfolios – StockPointer Canada section.

Please contact us for more information.

 

The Inovestor Team

 

It is recommended that you do your own analysis prior to investing in any stock that we suggest. The information contained in this message is provided for informational purposes only and should not be interpreted as investment advice or recommendation to buy or sell any specific securities.

Release Notes 20180918.1

Overview

This document details the changes that went into Production for Inovestor for Advisor on September 18, 2018.

Score Card

The New Score Card Explained

As of September 18th, StockPointer subscribers will have access to a new ScoreCard that will provide more information and more accurate insights to investors. All legacy data remains but will now be displayed differently on the updated version of ScoreCard.

In addition to the upgraded user-interface, three new features have been added:

  • A new rating service that rates companies as Positive, Neutral, or Negative to provide a fundamental outlook of the company
  • A new factors exposure feature that scans the fundamentals of the company by looking at the quality, value, and growth factors as well as the risk exposure
  • Live market data versus the previous day data that featured in the older version

The menu has also been expanded to add a peers section and the navigation tab has been streamlined.

Download User Guide

Score Box

The SP Score is a proprietary scoring system based on StockPointer’s model. It’s a 12 factors algorithm and looks at quality and value factors. The weight for quality is 75% and 25% for value.

Positive Outlook: A company with sound financials who is generating higher returns on capital than costs of capital and who is trading at a reasonable price.

Negative Outlook: A company that is risky and creates very little to no wealth for its shareholders.

Neutral: The stock may have both positive and negative characteristics and fundamentally does not offer enough Quality and Value factors to score well.

This score represents the overall performance of a company by considering multiple risk and performance factors based on the StockPointer® model. A high score indicates a high-quality stock trading at a reasonable price.
The arrow and the number, represents the score variation since the last quarter.
The performance score is the performance portion of the overall score. By clicking on the information icon on the right, a detailed list of the different key performance indicators will be displayed.
The risk score is the risk portion of the overall score. Click on the information icon to obtain a detailed list of the different key performance indicators making up the score. This score evaluates the quality associated with the company. The lower the risk, the more likely the company will continue to perform well.
This figure represents the percentile ranking of the company based on its performance versus other companies listed in that country.
The line chart represents the TTM of the last available quarter and the 4 previous corresponding periods.
The upper card represents the 1y growth and the bottom card represents the 5y average growth.
The system rates the company: Positive Outlook, Negative Outlook and Neutral Outlook.
The factors exposure is meant to identify how a company is viewed based on numerous factors. The factors used to assess the company are listed under the “Peers” tab.
Quality – A green rating means that the company generates more wealth to its shareholders than the average. A red rating means that the company has unsustainable accounting performance and has a negative outlook.
Value – A green rating means that the company presents good value to investors. A red rating means that the stock is trading at a premium. Good quality and growth stocks will often trade at a premium.
Growth – A green rating indicates that the company is growing while a red rating indicates that either the company’s growth is slowing down or that the company is in a declining phase.
Risk – A green rating means that the company is less risky than the market and a red rating means that the company is riskier than the market.

Screener

Filtering Companies Or Funds

The new screener is a user-friendly feature used to allow subscribers to filter stocks or funds according to a specific criterion. The following features have been included in the upgraded version:

  • Three different datasets to filter from:
    • Stockpointer (same criteria and data found on previous version)
    • StockGuide
    • Fund (data on Canadian funds and ETFs).
  • An “Export To CSV” feature.
  • New screen-able filters such as SPScore, Risk Score, and ratios such as Debt-Equity and Interest Coverage.
To start building a new screener, click “Create New Screener”
To select an existing screener, choose one from the list or type the name of the screener in the search box. Screeners can also be filtered by type (Saved or Predefined)

How to filter

Whether predefined or custom screeners, users will be able to screen for companies or funds using an array of different filters. The filters vary between the companies and funds given the different datasets. The filtering behavior and user experience between both datasets are similar, however. All filters can be adjusted based on user preferences.

Search stocks based on the price of the previous day close and on the market value of capital or search funds based on NAVPS and AUM.
“Add Filters” function provides additional criteria to be included in the screener.
Display of all selected filters. All filters are modifiable.
While modifying a criterion, either a slider or list will appear to facilitate editing. Can show or hide filters.
When all applicable filters have been selected, click “Search” to screen all companies in accordance with the searched criteria. “Save Screener” provides the capability to retain the screened companies for future use. “Export to CSV” is a new functionality that allows the screener results to be exported to a CSV file.
Screener results are displayed in a list view. PfScan view provides a visual representation of the results.