Our belief is that capital markets are ‘broadly’ efficient but have several persistent ‘inefficiencies’ in specific pockets. Hence while it is quite difficult to predict the broad direction of overall market consistently, there are several predictable relationships between characteristics of stocks and their future returns.
However, these relationships are not easy to find. Finding
them requires a combination of disciplined quantitative
analysis, innovations in sourcing and seeing data in novel
ways and a macroeconomic intuition.
At ASQI, this is
what we excel in. We work with not only price-volume data
from the exchange, but also quarterly results published by
companies and several interesting alternate data.