Four Separate Editions to Focus on US, European, Asia Pacific and Global Markets
NEW YORK - Friday, November 18th 2011 [ME NewsWire]
-(BUSINESS WIRE)-- Axioma, a leading provider of decision support, risk analysis and portfolio rebalancing and performance attribution tools, announced today the inaugural issue of Axioma Insight: Quarterly Risk Review. The publication will initially be produced quarterly with four separate editions focusing on risk trends and their implications for investors in US, European, Asia-Pacific and Global markets. Other countries and regions will be added over time.
“Axioma Insight will provide our readers with unique and valuable perspectives on the state of risk in key investment markets worldwide,” said Sebastian Ceria, Chief Executive Officer of Axioma. “Each quarter we will examine both how the investment landscape is changing and the factors driving those changes. By capitalizing on Axioma’s strengths in research, and leveraging the power of our innovative tools and analytics, I am confident that Axioma Insight will deliver on its promise of providing penetrating, actionable insights to our clients.”
Melissa Brown, Senior Director of Marketing and Chief Analyst for Axioma Insight, added, “Our goal is to look behind the numbers to understand in-depth what’s actually driving the predicted risk of a given portfolio, so that our readers, in turn, can better understand the risk environment in which they have been and will be investing. We particularly welcome the active participation of our readers, whose critical feedback and observations will undoubtedly enhance the value of Axioma Insight going forward.”
Scott Hamilton, Director of Client Services at Axioma, is also a key contributor of research and analysis for Axioma Insight.
Among the important observations in the inaugural issue of Axioma Insight are:
Volatility rose in each region and globally, with the “market factor” accounting for a large proportion of the gain, as common themes drove risk during the quarter.
Predicted risk from the short-horizon models increased in all regions during the quarter relative to the medium-horizon models, pointing to a near-term environment of increasing risk. For most regions the increase occurred in August. The divergence stabilized over the next two months, but in Asia the difference grew throughout the quarter, especially for the statistical model. This rising spread suggests that a factor not identified by the fundamental model is behind the increase in risk for Asia.
Across the globe, style factor returns took a wild ride during the quarter, bouncing from unusually high to unusually low returns throughout the period.
60-day stock-stock correlations remained near their 12-year peak, and the percent of stocks with negative correlations within each region was close to zero, suggesting that stock picking has been a very difficult endeavor. More recently, correlations appear to be declining.
Similarly, cross-sectional predicted volatility—whether for stocks, industries, countries, currencies, or style factors—fell substantially in all regions, underscoring the difficulty facing managers to differentiate themselves.
Readers are invited to download Axioma Insight at http://www.axioma.com/insight.htm
About Axioma
Axioma, Inc. develops and markets innovative risk analysis, portfolio rebalancing and performance attribution products for the financial services industry. Founded in 1998 and headquartered in New York with offices in Atlanta, Geneva, Hong Kong, London, San Francisco, Singapore and Sydney, Axioma helps leading financial firms manage risk, increase returns and improve operational efficiency. For more information about Axioma, please contact Topher Wurts at 212.991.4506, or visit the company’s website at www.axioma.com.
Contacts
Kwittken & Company
Caleb Hulme-Moir, +44 (0) 2072 591 776
chm@kwitco.com
or
William Nikosey, 646-747-7150
wnikosey@kwitco.com
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