Returns and Volatilities of Selected Stock Markets (July 2023)

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This note provides an analysis of returns and volatilities of selected stock market indexes and offers several observations. Authors: Evgeny Maslennikov and Jinhan Wang. Contact: Data from 2013-01-01 to 2023-01-01. Sources: Yahoo Finance, Units: return in % and standard deviation converted to % values. Total returns are calculated using index values between selected dates and volatilities are measured by standard deviation of daily returns between those dates. Returns and standard deviations are provided for several periods: 10 years and 5 years for the evaluation of long- to mid-term performance of the markets; Since 2020-04-01 for the evaluation of performance since COVID-19 lockdowns; Since 2022-01-01 for the evaluation of performance since the S&P 500 all-time high value. The stock…

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U.S. Gross Domestic Product (May 2023)

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U.S. Bureau of Economic Analysis, Gross Domestic Product [GDP], retrieved from FRED, Federal Reserve Bank of St. Louis;, May 25, 2023. This note provides an analysis of U.S. GDP performance since 1947 and offers several observations from the data. Data from 1947-01-01 to 2023-01-01 Units: Billions of Dollars, Seasonally Adjusted Annual Rate Frequency: Quarterly Gross domestic product (GDP), the featured measure of U.S. output, is the market value of the goods and services produced by labor and property located in the United States. Q1 2023 value: 26,486 billion, which is an increase of 4,948 billion and 22.97% in 3 years, representing a 7.14% CAGR[1], and a 1.61% average growth rate[2], 6,331 billion and 31.41% in 5 years, representing a…

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Sector Research Calendar

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Based on our research of U.S. equities market data we developed the following research calendar. It proposes certain months when we can focus on sectors that are likely to "outperform" the market and other sectors in the following month or months. In some months no sectors were found to be strong candidates for such research. We are excited to share these results and we welcome your comments. January     Energy, Materials, Financial, Technology, Cyclical, Defensive February    Healthcare, Real Estate, Communications, Utilities June        Materials, Financial, Real Estate, Cyclical, Defensive, Real Estate, Industrial, Technology, Communications August      Industrial, Communications, Energy September   Healthcare, Utilities, Materials November    Real Estate December    Industrial

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IPO of our client, a SPAC-backed healthcare company, UpHealth, Inc. (NYSE: UPH)

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HPIS provided analytics, financial modeling, and other services in the run up to the IPO that was completed in June 2021. UpHealth is a global comprehensive digital health technology and tech-enabled services platform that empowers providers, health systems and payors globally to manage care for people with complex medical, behavioral and social needs, while dramatically improving access to primary care. The company's solutions include Syntranet Core Platform, an integrated care management platform; Global Telemedicine; MedQuest Digital Pharmacy, a full-service pharmacy that offers manufactured medication, custom compounded medications, nutraceuticals, lab testing, advocacy, education, etc.; and Behavioral Telehealth solutions. It serves empowering providers, health systems, health plans and governments, employers, and educational institutions.  The company is based in Delray Beach, Florida, and has…

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Machine learning applications for stock trading

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Our data science team achieved a milestone in applying deep learning to stock trading algorithm development problems. Our proprietary trading algorithm achieved 70%+ success rate in delivering a 3%+ monthly return through extensive back-tests on last 4 years daily price dataset with 1 week offset (i.e. more than 70% of tests delivered a monthly return of 3% or more).

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Innovative blue chips

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In July 2013 we created a U.S. stock portfolio to test a few ideas: buy & hold blue chips that have a track record of developing innovative technologies and products focus on Internet technology, fintech, gaming, and defense industries ignore short term trends, rebalance annually hold fewer than 20 assets In 2014 BABA was added to the portfolio. The red line shows the performance of this portfolio relative to the S&P 500 (blue line) since BABA was added. HPIS is developing an algorithm based on these ideas for an active trading strategy. Contact us for more information: Past performance is not a guarantee of future results.

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Buyout of a $40+ million fast food franchisee with over 25 locations

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We assisted a private investor group in developing market research and financial analysis for an acquisition of a fast food franchisee company with over 25 locations. The transaction was structured with participation of the publicly traded franchisor and included strategic expansion encompassing two countries in the APAC region.

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Buyout of a flooring equipment manufacturer

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HPIS built a comprehensive financial model and prepared a market study for the investment memorandum. Our model included several financing scenarios, detailed operating forecast, break-even analysis, and complex waterfall and carry functions. The market study included an analysis of flooring equipment, flooring, and construction markets in the U.S.: market sizes, participants, trends, forecasts, etc. These materials were used to raise debt and equity for the transaction.

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