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TrimTabs Investment Research Description |
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I.
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Liquidity
Research (four components) |
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Daily
Liquidity Research
Provides in-depth data on the previous day's liquidity changes.
Includes cash takeovers, new offerings and mutual funds flow in
aggregate. We also list mutual funds flow by investment objective
and categories.
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Weekly
Liquidity Review
Analysis of the previous week's liquidity data and discusses the
short-term ramifications for the stock market. It includes weekly
and monthly tables of the components of our liquidity measures including
cash takeovers, stock buybacks, new offerings, insider selling,
foreign buying and TrimTabs key liquidity measures:
L1 -- The net change in the trading float of shares i.e. the value
of shares available to investors, a leading indicator of market
direction.
L2 -- US equity funds flow, is a lagging (sometimes contrary) indicator.
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PDF Sample
Overnight Liquidity Update
Daily summary of analysis and comments of the previous day's liquidity
numbers, including L1 and L2, cash takeovers, new offerings and
insider selling.
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PDF Sample
TrimTabs
Macro Research
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a. |
Weekly Personal Income and Consumer Cash Flow Analysis
To understand the health of the U.S. economy, it is essential to understand the financial health of U.S. consumers because consumer spending accounts for about 70% of U.S. GDP. TrimTabs Personal Income and Consumer Cash Flow Analysis analyzes trends in personal income, employment, consumer savings and investment, consumer spending, and consumer debt. To provide the most timely coverage, we track a wide range of real-time indicators:
- Daily income and employment tax deposits
- Hourly online postings of new jobs
- Weekly unemployment insurance claims
- Weekly flows into savings vehicles and stock, bond, and hybrid mutual funds
- Weekly retail sales
- Weekly credit card transactions
- Weekly demand for revolving home equity loans
- Weekly mortgage application volumes
In each issue, we use proprietary statistical techniques to analyze this data and explain its implications for the future direction of the U.S. economy and the U.S. stock market.
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Monthly Employment Analysis
A strong labor market is the foundation of a healthy economy. TrimTabs Monthly Employment Analysis analyzes twelve proprietary, private, and public employment indicators to gauge the health of the U.S. labor market. The initial monthly estimates of job growth released by the Bureau of Labor Statistics (BLS) are often inaccurate, and they can be revised as much as 40% to 50% in either direction in later months. Our proprietary methodology, which estimates employment growth based on real-time data, has historically provided a much better assessment of employment growth. In each issue, we explain why the BLS data may be inaccurate, evaluate current labor market conditions, and forecast near term trends.
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II.
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Funds
Flow Research (two components)
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Daily
Exchange Traded Funds Flow
We track net issuance of ETFs by market sector and by individual
ETF - reporting daily, weekly, monthly, and quarterly flow. The
daily tracking of ETF flow is what makes TrimTabs research unique.
ETFs
are expanding dramatically and offer a glimpse into the thinking
of predominantly institutional traders, who may be telegraphing
a willingness to buy or sell above or below the market. ETF's are
used by market participants to change equity positions quickly.
We have found them to be the best proxy for what the hedge funds
are doing in a real time basis.
Stock index futures related ETFs are a primary proxy for hedge fund
sentiment. ETF's are a better proxy for sector flows than mutual
funds. Non stock index future ETF's behave more like mutual funds
and are a good proxy for individual investors.
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Daily
Mutual Funds Flow
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Daily
Mutual Funds Flow
Emailed daily, estimates equity and bond funds flow in aggregate
for the entire Investment Company Institute (ICI) universe of long
term mutual funds, and by ICI investment objectives i.e. aggressive
growth, growth and growth & income.
We
directly track the daily flows of ninety mutual fund families; 1018
equity and bond funds, that have about 15% and 20% of all equity
and bond fund assets respectively. We then use those numbers to
estimate total flows for all equity and bond funds and reliably
forecast the ICI monthly mutual funds flow.
We
are the only research firm that publishes daily flows in and out
of 18 US equity fund sectors, eight global fund sectors and 22 bond
fund sectors.
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PDF Sample
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Monthly
Funds Flow Detail
A
detailed summary of the 1018 equity and bonds funds we survey are
emailed in a spreadsheet by the 5th business day of the following
month.
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Monthly
Funds Family Detail
Flows of the Fidelity, Janus, MFS and Vanguard families of funds are
emailed in a spreadsheet by the end of the following month. |
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a free one-month trial
Call Michael Alexander with questions
Michael.Alexander@TrimTabs.com
+1 (707) 874 9546 |
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