Since 2010, the average return of our weekly best scoring ADRs have outpaced the MSCI EAFE by a median 410 bps over the following year, with no turnover.
The average ADR score is 44.74, which is lower than the four and eight week scores of 45.52 and 45.11, respectively. The average ADR is trading -26.19% below its 52 week high, -7.25% below its 200 dma, has 3.42 days to cover held short, and is expected to post EPS growth of 13.94% next year.
The best scoring ADR sector is healthcare (LUX, WX, EDAP, TRIB, TEVA, SNN, RDY, AZN). Services (RYAAY, OMAB, DEG, ENL, RUK, AHONY, ANW) and consumer goods (UPMKY, SEOAY, SNE, TM, FBR, BUD, TTM) also score above average. Technology scores in line with the average universe score. Industrial goods, financials, utilities, and basics score below average.
The top scoring zone North America/Canada (BCE, RY, BMO), followed by the Middle East (NICE, TEVA) and Europe (RYAAY, ARMH, LUX, ASMI, DEG, UPMKY, ENL, CRH, SEOAY, RUK). The best regions are North America, South Asia (WIT, HDB, INFY, TTM, IBN), and the UK/Ireland (RYAAY, ARMH, CRH, RUK, NGG, WPPGY, ICLR). The top countries include Taiwan (SPIL, HIMX, ASX, TSM), Ireland (RYAAY, CRH, ICLR, TRIB), Hong Kong (HKTV, OIIM), Bermuda (AXS, GSOL, SIG), and Finland (UPMKY, SEOAY).
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