Since 2010, the average return of our weekly best scoring ADRs have outpaced the MSCI EAFE by a median 451 bps over the following year, with no turnover.
According to the Seasonal Investor database, the EFA has gained in 7 of the past 10 first quarters, returning a median 2.23%.
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Source: database
The average ADR score is 41.09, which is below both the four week and eight week moving average score of 44.69 and 47.07, respectively. The average ADR is trading -27.16% below its 52 week high, -9.9% below its 200 dma, has 3.83 days to cover held short, and is expected to post EPS growth of 17.24% next year.
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The best scoring sector across our ADR universe is healthcare (SNN, FLML, PSDV, LUX, AZN, NVS, RDY, TEVA). Services (RYAAY, JOBS, SIG, ANW, ICLR, OMAB, ASR, BSYBY, DEG, ENL, MPEL, SFL) also score above average. Consumer goods, financials, and utilities score in line. technology, industrial goods, and basic materials score below average.
The top scoring zone is North America/Canada (PSDV, BMO, BMORY), followed by the Middle East (NICE, TEVA). The best regions are North America, MENA, and Australia/NZ (AMCRY). The top countries include Bermuda (SIG, AXS, GSOL, SFL), Ireland (RYAAY, ICLR, IRE), Hong Kong (HKTV, SMI, MPEL, OIIM), Canada (BMO, RY, BCE, TU), and Finland.
