13 ArticlesCM Strategy

Momentum Investing: How many stocks is too many / too few?

In Short Diversification i.e. holding a varied portfolio of stocks is a key tenet of investment risk management However, diversification has its limits and ...

Does Momentum Investing work in India?

In Short Contrary to how it might seem in financial media, momentum as an investment strategy has been around for the better part of a century. Empirical ...

Making Sense of Sector Valuation Multiples

A chart first to set context. Range of enterprise value (EV/EBIT) multiples prevailing by sector in India.  It shows two things: Investor ...