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In advance: 3QTR23 <U/O> Matrix via Applied Indexation is currently available in multi-sheet format, downloadable thru b-platform Access and PM_composites links.


Featured Clean Tech thematic is derived from a combined Renewables/Diversified Industrials/Technology sector-themed overlay within Invesco’s publicly traded WilderHill Clean Energy subindustry benchmark proxy ETF ticker PBW, utilizing the modularity of business segment operations embedded within company revenue lines to generate effective Tier-2: Alpha and Alpha-Beta screens (adaptive; cross-asset, multi-factor).


>> PBW total return: 3-mos. -24.9%, 3Q23 -21.2%, YTD23 -21.4%; 12-month performance dispersion +171.7%/-75.2% (100623).


>> PBW Fwd adj. PE=23.7 Beta=1.5 versus 28.8/1.5, 29.8/1.5 and 26.7/1.5 sequentially [40.0 limit; N/A totals 59.9% (v. 56.5%) based on portfolio weight and 61.0% of count (+5.0%), 11.8% on market capitalization (+2.1%); Large-cap 18.4% (-3.5%), Mid-cap 42.5% (-4.8%), Small-cap 39.1% (+8.3%)].


>> SPX 12-month Fwd PE=17.9/3Q23 v. 18.9/2Q23, 17.8/1Q23, 17.3/4Q22 (FactSet); CAPE 29.5 from 31.1/29.7/29.2, mean 17.1 (Shiller).


<U/O> Matrix via Applied Indexation segments include Wind, Solar, Fuel Cells, Smart Grid, Water, LED, Biofuel, Automotive, Natural Gas, Storage and Aviation plus further classifications detailing component member assignments based on corporate business segment operations (12 segments, 63 classifications, 270 single and multi-listed component members; n=77).


Successful trading strategies (conventional, systematic, factor-based) and adaptive investable motifs (niche, thematic, megatrend) isolate value in growth, and growth in value, by aligning the prospective Alpha drivers directly associated with ecosystem composition and supply chain verticals (peer group analytics and valuation). Proprietary refined hierarchical data sets isolate drivers of valuation at distinct points of inflection on a relative portfolio-weighted segment/classification basis.


Please message direct with any questions or for product development considerations (cataloged, resourced).

note: w/r/t past-positive forward looking indicators featured in <U/O> Matrix via Applied Indexation, a brief primer is provided online along with Data Refinement: Business Segment Operations (BSOs) tab and slideshow tutorial <U/O> Matrix - Establishing Predictive Value: Applied Indexation, Hierarchical Data Sets and Competitive Market Information.


#EnergyComplex #CleanEnergy #Renewables #Strategy #PortfolioManagement #PortfolioStrategies #CorporateFinance #BSOs #Analytics

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