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NOT LIVE
ARTICLES & REPORTSMay 14, 2024
April 2024 Model Performance Report
US: Within the US Large Cap universe, most
models performed well. The Price Momentum model had the strongest
one month decile return spread performance, returning 2.04%. Over
the US Small Cap universe, the Deep Value model had the strongest
one month decile return spread performance, returning 7.45%. On the
12-month basis, the Value Momentum 2 model performed best at 35.75%
while the performance of the Earnings Momentum model continued to
lag.
Developed Europe: Over the Developed Europe
universe, the Deep Value model returned 9.01% on a one month decile
return spread basis. On a 12-month basis, the Deep Value model
performed the best, at 36.79% cumulative.
Developed Pacific: Over the Developed Pacific
universe, the Deep Value model had the strongest one month decile
return spread performance, returning 9.17%, while the Earnings
Momentum model lagged. The Value Momentum model led the performance
over the recent one year, delivering 28.39%.The models struggled
over the Developed Pacific universe during this month.
Emerging Markets: Within the Emerging Markets
universe, the Price Momentum model returned 1.31% on one month
quintile return spread basis. The Price Momentum model led over the
one-year period, with returns at 18.90%.
Sector Rotation: The US Large Cap Sector
Rotation model returned 0.20%.The Tech sector had a favorable
ranking and the Basic Materials sector had an unfavorable ranking.
The US Small Cap Sector Rotation model struggled earned a return of
-2.20%. The Tech sector had a favorable ranking and the Cyclicals
sector had an unfavorable ranking. The Developed Europe Sector
Rotation model struggled during the month. The Industrials sector
had a favorable ranking and the Non-Cyclicals sector had an
unfavorable ranking.
Specialty Models: The Retail model's one year
cumulative performance was the highest at 33.15% while the
Technology model's performance was the lowest at 2.35%. Within the
specialty model library the Semiconductor and the Oil and Gas
models had the strongest one month quintile return spread
performance returning 4.13% and 3.13%, respectively, while the
Technology and the Retail models struggled.
S&P Global provides industry-leading data, software and technology platforms and managed services to tackle some of the most difficult challenges in financial markets. We help our customers better understand complicated markets, reduce risk, operate more efficiently and comply with financial regulation.
This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.
