Stocks Results
Stocks Results
Investor Relations: Determining your Stock’s Downside Risk in Rugged Markets
Boo! That’s our Halloween surprise.
Speaking of surprises, do you try to quantify downside risk in your stock resulting from either marketwide technical shifts or specific Street disappointment? We are not saying rising oil futures, gilded gold prices and the sudden cachet of commodities traders should scare you. Nor or we saying they shouldn’t.
It used to be that benchmarking potential price pressure was fairly simple: Miss your number by 5% and you could see 20 points of price slippage based on multiples in models and the bias toward growth or value among your holders. But when 65% of volume moves through quant models and trading systems and ETFs – conditions we observed in our internal data pool last week – is there any way to quantify the size of the future Street reaction?
At ModernIR, we would be the first to say it’s not easy. But we can also tell you that it’s definitely not about the type of your holders alone. You might have a bad quarter and, if traders are vested in derivatives or variance swaps to capture volatility, your stock might have an artificially tepid response followed by quick recovery. This might lead you to conclude that investors are okay with results when in fact speculators are simply creating the equivalent of a forward avalanche: a hollow pocket supporting big impending changes in models.
Here’s what you can do: First, find out which broker-dealers drive the bulk of algorithmic order flow. UBS? Credit Suisse? Bear Stearns? Merrill Lynch? The banks behind steady volume are the key to determining risk. They may regularly perform similar functions for crossover clients – but they ALSO distinguish themselves in particular ways. If you’ve got large derivatives-oriented order flow behind your volume, your stock will behave differently than it will if shorter-term traders like Goldman Sachs are at work.
Tracking and analyzing this activity can be the difference between telling management “I have no idea,” and saying, “We think the market won’t respond much at first, but we’re likely to go into a prolonged slide after options because all these derivatives strategies will reset lower. Therefore, we’re going to retool our message to highlight core value drivers and concentrate our effort over the next quarter on long-term value investors.”
Which would you prefer?
There’s much more to this whole market structure thing. But we still have to bulk up on Halloween candy. Enjoy the festivities!
Assembly election results – Impact on stocks
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Stocks, Bonds, Bills and Inflation Yearbook: Market Results for 1926-2004 (Stock $97.45 |
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Mergent’s Handbook of Nasdaq Stocks Winter 2005: Featuring Third-Quarter Results $44.10 |
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IN STOCK! CLEARBLUE DIGITAL PREGNANCY TEST! CLEAR RESULTS IN 5 DAYS! 3 TESTS! $16.49 |
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SERIOUS SKIN CARE C-EXTREME RESULTS ADVANCED VITAMIN C SKIN RESURFACER New Stock $15.77 |
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IN STOCK! EPT DIGITAL PREGNANCY TEST! RESULTS IN 5 DAYS OR SOONER! 2 TESTS! $14.74 |
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Sbbi 2003 Yearbook: Market Results for 1926-2002 : Stocks, Bonds, Bills, and Inf $13.99 |
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June 1972 STOCK CAR RACING Magazine ALLISON FOYT PETTY RACE RESULTS $9.99 |
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January 1972 STOCK CAR RACING Magazine NASCAR RACING RESULTS PENN 500 $9.99 |
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October 1972 STOCK CAR RACING Magazine WOMEN in RACING NASCAR RESULTS $9.99 |
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January 1977 STOCK CAR RACING Magazine McGRIFF DARLINGTON RACING RESULTS $9.99 |
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March 1972 STOCK CAR RACING Magazine The PETTY’S RACE RESULTS $9.99 |
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IN STOCK! ANSWER PREGNANCY TEST! CLEAR RESULTS IN 5 DAYS OR SOONER! 2 TESTS! $8.99 |
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Mergent’s Handbook of NASDAQ Stocks Winter 2007: Featuring Third-Quarter Results $4.99 |
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Mergent’s Handbook of Common Stocks Winter 2005: Featuring Third-Quarter Results $4.99 |
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Corelle Livingware 6-3/4-Inch Bread and Butter Plate, Winter Frost White $3.49 Exceptionally durable and lightweight, Corelle plates and bowls are known for their superior space-saving stacking and their resistance to chipping and breaking. The secret to their durability is Corelle’s unique lamination process: two layers of glass are thermally bonded to a core layer, resulting in lightweight strength. This versatile 6-inch plate will soon become a favorite for luncheons, s… |
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Mercer Cutlery Genesis 5-Inch Utility Knife $24.95 A supplier to the vast majority of cooking academies, Mercer Cutlery offers the Genesis Collection of kitchen knives to provide professional quality to the home chef. Comfortable, durable, and efficient, Genesis knives feature fully forged, single-piece blades made from high-carbon, no-stain German steel. Their taper-grind edges are polished by hand, and their substantial bolsters provide helpful … |
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Mercer Cutlery Genesis 3-1/2-Inch Paring Knife $15.99 A supplier to the vast majority of cooking academies, Mercer Cutlery offers the Genesis Collection of kitchen knives to provide professional quality to the home chef. Comfortable, durable, and efficient, Genesis knives feature fully forged, single-piece blades made from high-carbon, no-stain German steel. Their taper-grind edges are polished by hand, and their substantial bolsters provide helpful … |
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The Biggest Loser: The Workout – 30-Day Jump Start $4.47 No description available for this title.Item Type: DVD MovieItem Rating: NRStreet Date: 12/01/09Wide Screen: noDirector Cut: noSpecial Edition: noLanguage: ENGLISHForeign Film: noSubtitles: noDubbed: noFull Frame: yesRe-Release: noPackaging: Sleeve… |
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Day Trading Smart Right From the Start: Trading Essentials for Maximum Results $8.44 90 min video. The fast-paced short-term markets can be brutal – so it’s vitally important to establish successful trading strategies, methods, and habits right from the start. Let a pro show you what you need with this video training course. Bestselling author David Nassar helps you master the complexities of electronic direct access trading – so you can trade to win. It is vitally important to … |
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7 Classic Car & Horse Track Racing Old Time Radio Broadcasts on DVD (over 64 minutes running time) This unique old time radio DVD collectible features 7 digitized reels of classic Car & Horse Racing radio broadcasts and over 64 minutes of total running time on 1 DVD. Take a journey back through radio broadcasting history with this large audio library of OTR memorabilia. The golden age of old time radio has been rescued, digitized, and packaged into a gift set that any classic radio lover can ap… |
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Mederma Stretch Marks Therapy, 5.29 Oz Box $21.96 Mederma Stretch Marks Therapy Advanced Cream Formula is dermatologist tested and combines botanical ingredients and a premium skin hydrator in an advanced formula that is clinically proven to improve the appearance of stretch marks. Stock up and save 10%!!… |
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ViSalus Body By Vi Balance Kit {30 Meals, 5 Health Mix-Ins} $40.00 The “Balance kit” is designed to help you begin your journey by giving your body good nutritional balance. This kit contains 30 servings of balanced nutrition with our Vi-ShapeTM Nutritional Shake Mix for once-a-day balanced nutrition. The kit includes an assortment of our Health Flavors, to add flavor variety, and added health benefits to your shake. Included is access to our online Health Member… |
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Rogaine for Men Hair Regrowth Treatment, Extra Strength Topical Solution, 2 Ounce … |
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Infinity Reference 6032cf 6.5-Inch 180-Watt High-Performance Two-Way Speakers (Pair) $45.89 With peak power handling of 180 watts and 93dB sensitivity, the Infinity REF6032CF Car Loudspeaker has everything you could ask for in a multielemental component speaker…. |
