Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

The weight of the evidence continues to support our mixed, but overall constructive outlook. Below we outline the basis for our outlook, and we also highlight opportunities within Real Estate and Health Care.

The weight of the evidence continues to support our mixed, but overall constructive outlook. Below we outline the basis for our outlook, and we also highlight opportunities within Real Estate and Health Care.

Global Equity Strategy: Opportunities In Real Estate and Health Care

Amareos

Ryan Shea

Thematic (Sector/Industry)

Summary: Housing has several characteristics that mean it is almost perfectly designed to be prone to bubble-like behaviour. By definition a bubble occurs when the price of an asset is significantly overvalued making it increasingly difficult to justify based on underlying fundamentals. In such situations it is the overriding optimism of the crowd, with unrealistically high expectations, that acts as the propellant for further gains. Ten years on from the bursting of the US housing market…

Summary: Housing has several characteristics that mean it is almost perfectly designed to be prone to bubble-like behaviour. By definition a bubble occurs when the price of an asset is significantly overvalued making it increasingly difficult to justify based on underlying fundamentals. In such situations it is the overriding optimism of the crowd, with unrealistically high expectations, that acts as the propellant for further gains. Ten years on from the bursting of the US housing market…

The Market Sentimentalist: Global Real Estate – Where Are The Risks Residing?

Founder-CEO & Chief Analyst, Real Estate Foresight

Robert Ciemniak

Founder-CEO & Chief Analyst

Real Estate Foresight

Since 2012, REF has been helping investors with market research, project due diligence, and strategy development. This has ranged from detailed assessments and estimates on distressed developers' project portfolios to market due diligence on specific projects to macro-level questions linked to demand for commodities. The unique combination of the housing markets and developer data from data partner China Index Academy in Beijing, primary research, and technology-powered alternative data collection from public sources result in a valuable content set used in REF analytics and reports.

Predictive Analytics for China Property

We have updated our currency impact tables 'post-Brexit' for USD, EUR, JPY, AUD, GBP, and CNY. We make a simple assumption that a property investor uses his/her domestic 'investor' currency to buy assets in 'investment' currency at a spot rate on a given start date and then repatriates that back into investor currency on a given end date. Change in the value at end date vs start date in investor currency represents the approximate currency impact, not adjusted for any transaction or other costs…

We have updated our currency impact tables 'post-Brexit' for USD, EUR, JPY, AUD, GBP, and CNY. We make a simple assumption that a property investor uses his/her domestic 'investor' currency to buy assets in 'investment' currency at a spot rate on a given start date and then repatriates that back into investor currency on a given end date. Change in the value at end date vs start date in investor currency represents the approximate currency impact, not adjusted for any transaction or other costs…

4 Months After Brexit - Currency Impact Tables For International Property Investors

We have updated our currency impact tables 'post-Brexit' for USD, EUR, JPY, AUD, GBP and CNY. We make a simple assumption that a property investor uses his/her domestic 'investor' currency to buy assets in 'investment' currency at a spot rate on a given start date and then repatriates that back into investor currency on a given end date. Change in the value at end date vs start date in investor currency represents the approximate currency impact, not adjusted for any transaction or other costs…

We have updated our currency impact tables 'post-Brexit' for USD, EUR, JPY, AUD, GBP and CNY. We make a simple assumption that a property investor uses his/her domestic 'investor' currency to buy assets in 'investment' currency at a spot rate on a given start date and then repatriates that back into investor currency on a given end date. Change in the value at end date vs start date in investor currency represents the approximate currency impact, not adjusted for any transaction or other costs…

90 Days After Brexit - Currency Impact Tables For International Property Investors

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Equity Bottom-Up

Unibail-Rodamco-Westfield / Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/unibail-rodamco-westfield" target="_blank" data-smartkarma-citation="entities:27181:1" rel="noopener">Unibail-Rodamco-Westfield (URW AU)</a>, Europe's largest listed commercial property company, recently reported solid 3Q23 financials (through to September 2023). </li>
<li>Covid played havoc on shopping mall players/developers - URW is still down 62% from its Covid cliff versus an average of 24% for a basket of peers.</li>
<li>Investor concerns over URW's strategy and leverage have been a drag on the stock; however its long-term plan is finding the right path. </li>
</ul>



Unibail-Rodamco-Westfield (URW AU), Europe's largest listed commercial property company, recently reported solid 3Q23 financials (through to September 2023). 
Covid played havoc on shopping mall players/developers - URW is still down 62% from its Covid cliff versus an average of 24% for a basket of peers.
Investor concerns over URW's strategy and leverage have been a drag on the stock; however its long-term plan is finding the right path. 


Unibail-Rodamco-Westfield: The Retail Community

France

Klepierre owns and manages shopping centers in continental Europe, and office buildings in the Paris metropolitan area. The Company opted for the SIIC legal status in 2003.

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Klepierre (LI FP)

Global Equity Strategy: Opportunities In Real Estate and Health Care

The weight of the evidence continues to support our mixed, but overall constructive outlook. We outline the basis for our outlook and also...

Vermilion Research

The Market Sentimentalist: Global Real Estate – Where Are The Risks Residing?

Summary: Housing has several characteristics that mean it is almost perfectly designed to be prone to bubble-like behaviour. By definition a bubble...

Amareos

4 Months After Brexit - Currency Impact Tables For International Property Investors

We have updated our currency impact tables 'post-Brexit' for USD, EUR, JPY, AUD, GBP, and CNY. We make a simple assumption that a property investor...

Robert Ciemniak

90 Days After Brexit - Currency Impact Tables For International Property Investors

We have updated our currency impact tables 'post-Brexit' for USD, EUR, JPY, AUD, GBP and CNY. We make a simple assumption that a property investor...

Robert Ciemniak

Unibail-Rodamco-Westfield: The Retail Community

Concerns over URW's strategy and leverage have been a drag on the stock; however its long-term plan is finding the right path. Not a hard catalyst...

David Blennerhassett

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