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Pinnacle Research and Investment Services |
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How Are We Different? PRiS Investment Research generates superior returns for Investors by giving due importance to philosophy of Behavioral Finance and Risk Management, in addition to the fundamental and technical principles of investment management. While the FIGURE methodology provides a way for the fundamental appraisal of a stock for inclusion in your portfolio, the technical analysis required for optimal execution is aided by an indigenous and sophisticated computerized expert system termed 'Alpha Generator'. And that's not all. PRiS provides a custom-reporting mechanism (i-Report) for regularly and effortlessly monitoring the real performance of your portfolio in proportion to the underlying risks. . 
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The Secret of Our Success PRiS’ Research is aimed at maximizing investor returns while limiting undue risk. Our success, as evident from the repetitive out-performance (over broader markets / benchmark indices) of client portfolios, is built upon the philosophy of Behavioral Finance and simultaneously lowering the possibility of a catastrophic loss within the investment basket. Behavioral Finance deals with how investors form expectations regarding the future and how these expectations are transformed into security prices. Researchers in cognitive psychology and the decision sciences have established that faced with taking a decision under uncertainty (as is mostly the case in Financial Markets), even the smartest of people systematically make errors in judgement. These errors can cause investors to form biased expectations regarding the future, which in turn, can cause securities to be wrongly priced. To avoid any emotional bias to the framing of an Investment Strategy, our approach is to remain focused on basic tenets of investing, both fundamental and technical, with a keen real-world observation of markets in action. While the FIGURE methodology acts as a fundamental starting point for appraising and selecting stocks that may suit the investment objectives of a portfolio, our technical analysis is aided by a sophisticated and indigenous computerised system that we have termed as ‘Alpha Generator’. After the close of markets each day, the Alpha Generator takes a set of pre-defined expert rules and applies them each night, without any emotion or bias, to the quantitative data of equity, debt and derivative products covered under our research. The amount of data analyzed by Alpha Generator on a daily basis is so large that it would take months, even years, for the task to be completed manually. To avoid distortion and undue turnover costs for a portfolio, the expert rules are updated only once each quarter. Thus armed with the accurate and updated decision-making parameters each morning, the Investment Manager / Investor can develop their conclusions as to which positions within their portfolio, if any, may need to be adjusted. The research recommendations can be reviewed in advance before the opening of markets each day, before being executed. Our efforts to enhance the Returns on Investment for our clients do not merely stop at aiding the selection of the right Investment Asset or optimally timing its acquisition or sale alone. The most significant aspect, which is largely over-looked especially by retail investors, is accurately tracking the performance of their investments in a regular and consistent manner. PRiS’ i-Reports arm even a retail investor with a simple but comprehensive bird’s eye-view of the impact of various macro and micro factors on the performance of their investment. Not only does an i-Report compare an investment’s performance against the correct benchmark, it employs the sophisticated quantitative measurement of parameters like out-performance (Alpha), volatility (Beta) et al, to gauge if the Investment is in fact delivering enhanced returns in proportion to the underlying risk. The i-Reports are not generic. They are custom-designed to suit the Investment Objectives of an individual or entity. For a diversified portfolio, this methodology would even aid comparison with leading Mutual Funds in the category. But no Investment Strategy can be considered complete without paying the due consideration to Risk Management. To limit risk to core investment funds, we recommend an investment approach that predominantly uses a long-only strategy, avoids excessive leverage / short selling or derivatives, maintains reasonable liquidity, and engages in diversified securities / sectors. Thus PRiS comprehensively covers all possible aspects related to Investment Management through its different service offerings under:
with in-built Risk Management parameters. The result is superior returns with only occasional under-performance, if any. |
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Disclaimer: PRiS does not guarantee any specific financial returns, business outcome or market performance based on its research and advisory services.
Disclaimer: PRiS does not guarantee any specific financial returns, business outcome or market performance based on its research and advisory services.
