What Worked Australia - 26 Feb 2016 - Value 2 for 2, slow down in momentum sell-off

What Worked – Value made it 2 for 2 this week, the main difference being that Dividend Yield also came along for the ride, the notable exception here is the high yielding financials that took a hit. Nine Entertainment (NEC, +4.8%), CSR Limited (CSR, +0.9%) and Spotless Group (SPO, +11.5%) among the highest yielding non-financials that posted positive returns for the week. Momentum all managed to be in the red this week, although the numbers are getting smaller each week, almost looking about time for the reversion to cease. While Size produced good results for the week, this was largely on the back of a sell-off in the large cap space rather than a swing into the smaller names. Commonwealth Bank (CBA, -3.8%), Westpac (WBC, -4.2%) and BHP Billiton (BHP, -6.2%) all dropping significantly. Of thew top 10 biggest names in the ASX 200 only one managed to finish the week higher this week.

Who Moved –  Volume continues to be reasonably heavy during these wild swings, and this week was no different. 33 names moved on significantly higher than normal volumes this week. In the winner’s circle, Altas Iron (AGO, +40.0%), UGL Limited (UGL, +20.4%) and Whitehaven Coal (WHC, +18.3%) all up very strongly, while Cover-More Group (CVO, -12.4%), Automotive Holdings (AHG, -7.1%) and Independence Group (IGO, -6.7%) finished the week lower on high volumes. 


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