Research

Valens Equity Weekly Insights and Inflections for October 2, 2019

Most Compelling Long Ideas
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Most Compelling ECF™ Inflections
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Company Specific Highlights & Insights:
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Aggregate ECF™ Trend Analysis:

Management confidence levels appear to be gaining negative momentum, particularly in the last several months; breaking off their positive trend for two years. The ratio had consistently remained above 2016-2017 levels, however the recent inflection down may be a sign of management teams growing more uncertain about investing. In particular, this has been signified by a sustained rise in highly questionable markers, as opposed to a decline in management confidence.