Vivekam gives out its top 10 stocks on any day based on its proprietary processes. By stating that the recommendations are only valid till next results are out, the time window for most recommendations will be a maximum of 3 months.
Beating index is often touted as a significant achievement for analysts, fund managers or portfolio managers. Beating Index one time is quite different from being able to beat Index consistently. Out of any given time periods, if one manages to beat index in 60% or more occasions, they are called visionaries and will be sought after. Beating index by one stock choice, one time, is quite different from being able to have majority of stocks consistently beating Index.
Vivekam’s “SPOTS” comes up with its own top 10 stocks for any day and compares the growth by each of them along with Index for the same period. Vivekam took the challenge of testing its choices further for any given period and check if it’s choices fared better than Index. The study was conducted as follows. If the test was for the period from 1st Aug 13 to 21st Oct 13.
|Date of Choice||First day||Last day||Stock||Peak touched by stock||Peak touched by Index||Success if stock’s peak is higher|
|1 Aug ’13||1 Aug ’13||21 Oct ’13||ABC||16%||12%||Success|
|15 Aug ’13||15 Aug ’13||21 Oct ’13||XYZ||12%||14%||Failure|
As stated above top 10 choices of Vivekam were tested against Index for all the possible days. There were 52 trading days giving 520 choices. Out of them 417 stocks or 80.19% of them have beaten the maximum growth seen in Index between the date of choice and 21st Oct 2013.