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.