Top 5 Momentum SmallCases June 2024: A Comprehensive Comparison
Welcome to the second blog in the series of MomentumLAB providing Top 5 SmallCases, monthly. This is the June edition and we will be looking at how the momentum smacllcases performed this month.
Disclaimer: We are not SEBI registered advisors. Any content shared on or through our digital media channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Why are we doing this analysis?
Since, there are no specific tools out there which allow for a direct comparison of SmallCases like mutual funds have, we as a team are bringing out this analysis based on a logic provided below.
Ranking Methodology
- Step- 1: Selected all listed momentum strategies on SmallCase — 39 (list is provided below)
- Step- 2: Shortlist those which are running for more than 3 years
- Step- 3: Eliminate the ones which gave CAGR returns less than NIFTY 50 index over 3 years
- Step- 4: Pick the ones which outperformed CAGR returns of NIFTY 200 Momentum 30 index over 3 years
- Step- 5: Sort by Sharpe Ratio from High to Low (Highest gets Rank 1)
Benchmark performances in June 2024
Results after carrying out all the above 5 Steps are as follows:
In comparision to May’24,
- 1 more SmallCase’s CAGR>NIFTY MOMO 30 taking the total to 6 from 5
- 3 more Smallcases’ CAGR>NIFTY 50 taking the total to 15 from 12
Top 5 Momentum SmallCases — June’24
View this video in English:
https://youtu.be/T5YinTPJ9ns
View the video May 2024
https://www.youtube.com/watch?v=NvsWIqBfE7o&t=882s
— — — — — — — — — — — — — — — — — — — — — —
QuantX-Builder for Mastering Momentum Investing. 4 week comprehensive learning programme.
bit.ly/QuantX-MomentumLAB
— — — — — — — — — — — — — — — — — — — — — —
Important Links
Youtube: https://www.youtube.com/@MomentumLab_IN
Twitter: https://x.com/MomentumLab_IN
**Disclaimer:** We are not SEBI registered advisors. Any content shared on or through our digital media channels is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities is subject to market risks; please carry out your due diligence before investing. And last but not least, past performance is not indicative of future returns.
