ConvergEx Announces Winners of Research Provider Performance Awards for 3Q 2010

0

New York – ConvergEx Group recently announced the results of its Jaywalk Independent Research Provider Performance Awards for the third quarter of 2010. This program seeks to recognize Jaywalk’s Independent Research Providers (IRPs) for their exceptional research recommendations.

“In yet another volatile quarter for global markets, the IRPs we recognize today provided exceptional investment recommendations to their clients,” said Nicholas Colas, ConvergEx Group’s chief market strategists.

Performance statistics were calculated by Abacus Analytics using data from July 2010 through the end of September 2010. Abacus’ metrics focus on the degree to which an IRP’s equal‐weighted portfolio of Buy/Positive ratings outperformed their equal‐weighted portfolio of Sell/Negative ratings.

The winners are:

Best Bullish Stock Selection

Zacks’ Investment Research

Ford Equity Research

Best Bearish Stock Selection

IPOfinancial.com

TheStreet Ratings

Best Overall Stock Selection

Argus Investment Research

Market Edge Research

*Note the top awards are for firms that cover fewer than 1,000 names and the bottom firm covers more than 1000 names.

Director’s Choice Award

Channel Trend

About the Awards

Best Bullish Stock Selection identifies IRPs whose buy calls most outperformed their coverage, scaled by their aggressiveness in making bullish recommendations.

Zacks’ Investment Research

Chicago‐based Zacks Investment Research, founded in 1978, provides institutional investors and financial advisors with individual investment data, market data systems, proprietary quantitative models and analyst written research. Zacks provides individual investors at Zacks.com with investment advice through Zacks Independent Research, its web‐based Zacks Premium, and Trading Services and through an RIA subsidiary, Zacks Investment Management, that manages hedge funds and separate accounts. A key element of Zacks methodology is the Zacks Rank, a stock scoring system, which has been utilized for over 20 years to rate US stocks.

Ford Equity Research

For 40 years, Ford Equity Research has been utilizing  data collection and analysis methods to provide independent research to the investment community. The Ford investment process seeks to evaluate the relative performance potential of stocks by classifying them based on a complementary set of proprietary factors. These factors give insight into operating earnings per share trends, relative valuation, and timeliness. Both the earnings momentum measure and the current valuation that result from the analysis of a company’s stock are blended with a long‐term and short‐term price performance study to yield Ford’s investment recommendation.

Best Bearish Stock Selection identifies IRPs whose sell calls most underperformed their coverage, scaled by their aggressiveness in making bearish recommendations.

IPOfinancial.com

IPOfinancial.com is a Millburn, NJ based Independent Research Firm that has been serving the needs of IPO investors with IPO coverage since 1990. IPOfinancial’s view on IPOs is that they are hybrid public companies in a transition stage. The sudden infusion of capital into an IPO company can accelerate its results previously outlined in the financials of their S‐1 filing. The perception of this condition can often rapidly over‐inflate the performance of the stock in the aftermarket. IPOfinancial places heavy weighting on this financial ‘IPO Effect’, and continues to evaluate the impact on this potential condition over a period of up to 1 year from the time the stocks first come public.

TheStreet Ratings

TheStreet Ratings recommendations are derived from a quantitative model that integrates multiple factors, including fundamental and technical inputs, as well as valuation factors and risk assessment. This model is supplemented by qualitative analysis from a staff of analysts that provide their insight and sector expertise.

Best Overall Stock Selection

Argus Investment Research

Argus Investment Research has been producing and distributing investment and economic research to the investment community for nearly 75 years. Argus has developed a proprietary six‐point system for analyzing individual securities, the goal of which is to give the firm’s analysts an edge as they develop ideas, forecasts, and ratings for potential investments. When Argus’ six‐point system is completed, a company’s stock has undergone rigorous Industry, Growth, Financial Strength, Risk, and Valuation Analyses, as well as a Management Assessment.

Market Edge Research

Market Edge Research, a service of Computrade Systems, Inc., uses a wide array of investment criteria for its quantitative model, the Market Edge Equity Research Report. The report focuses on valuation, profitability, balance sheet strength, and growth potential to guide investors through an objective analysis of over 4,000 securities and ETFs. In addition, each security is compared to its industry group to determine how it is valued relative to its peers. A final analysis is performed to determine if a stock fits the fundamental characteristics of a growth, momentum, or value stock.

Director’s Choice Award is to “acknowledge forward‐thinking excellence in the overall business strategy of a particular IRP. ”

Channel Trend

Channel Trend is a provider of quantitative research on equities and ETFs. Channel Trend’s proprietary price behavior model uses a blend of price momentum and reversal‐to‐mean to project the price of a stock or ETF one quarter forward. Channel Trend ranks stocks and ETFs on a risk‐adjusted basis from most‐attractive to least‐attractive. Channel Trend covers over 4,000 US stocks, 11,000 international stocks and more than 1,000 US traded ETFs. Channel Trend has provided buy, sell and hold ratings and ordinal rankings to major investment banks. Channel Trend was founded in 1982.

Share.

About Author

Leave A Reply