Momentum Portfolio – February 2018

This page is part of analysis of momentum stock portfolios of Nifty 500 stocks using Rolling Momentum Stock Portfolio Strategy. For more, read the article.

On this page, we track the performance and draw-down metrics of the February 2018 momentum stock portfolio for top 10, 20 & 30 momentum stocks and compare it to the Nifty 50 and Nifty 500 index benchmarks.  The charts will get updated every day at 8 PM IST after the market closes.

Here is the list of top 30 momentum stocks for February 2018 (list is generated at January 2018 end & portfolio entered at closing prices on the first market working day of the February 2018 , 2017).

As usual, a word of caution, do exercise discretion while entering the momentum portfolios. Unless, this is being done in a systemic and long term manner, please pay attention to the high valuations of the stocks and loss of momentum in mid-cap and small-cap stocks which are the majority of momentum stocks in top 30.

Nifty P/E is at highs last seen during dot-com bubble and prior to sub-prime crisis indicting sky high valuation of stocks.

Date Symbol Close Momentum Score
Date Symbol Close Momentum Score

Performance of previous momentum portfolios can be tracked on June, July, August, SeptemberOctober November December and January 2018 month momentum portfolio pages.

 

Posted in Stocks, Technical Analysis.

8 Comments

  1. One small doubt:
    For a 12 month holding period, if one divides 7.5 lacs into 12 sub portfolios (instead 3) ie 12 concurrent portfolios, would there be material deviation in the performance, please share your views.

  2. Hello Sir, Had a query in amibroker, if I am testing a strategy on say a watchlist with say 100+ names and I run a portfolio backtest specifying the position size and max number of open positions. But am not using any ranking (positionscore). In that case how does Amibroker pick the stocks if more than max are meeting the criteria?

    This no one answered me till today sir,
    I hope u are one of the top in India on amibroker so asking u here ????

  3. Hi, Thanks for sharing the strategy. Just an observation. Isn’t 12 month momentum too long a period, especially for mid/small cap stocks. For instance IB ventures reflected in the portfolio only in the month of November and since then have under-performed nifty. The stock had actually moved sharply from April to Oct 17. Shouldn’t one have a shorter duration? Appreciate if you can share your thoughts.

    • I’ve explained in the article why 12 months used to measure the momentum. If we measure momentum on shorter time frames we might get caught in whip-saws. You can use shorter time-frame if your holding period will also be for shorter time frames. Otherwise 12 month momentum is decent for long-term holding.

  4. Pingback: Momentum Portfolio – May 2018 – TradersLounge

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