The Efficient Alpha Capital Free Cash Flow Index uses various measures of Free Cash Flow generation to identify company’s with superior return potential.  This Whitepaper demonstrates how to calculate Free Cash Flow, reveals why this metric is so important, and compares Free Cash Flow to other measures of a company’s financial performance, such as EBITDA and Net Income.

Free Cash Flow Whitepaper – Efficient Alpha Capital – June 2020

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C8 Currency Compass – USD Correction II – February 2025

BY JON WEBB
Our FX systems started the year with ashort USD bias (against the general consensus for a stronger USD). For the first three weeks this bias worked well as fears of blanket US tariffs did not materialize, however, in the final week of January, tariffs were announced on Mexico, Canada and China leading to some renewed USD strength. Nevertheless, so far, the measures that have been taken (with some already suspended for now) have not been as bad as feared. Looking forward to this month, we note the signals are more mixed for the USD though our hedge ratios remain negative USD for the largest currencies: EUR, GBP and JPY. Read more →

PPI on Deck, CPI & Bank Earnings to Follow

BY TEMATICA
More retail presentations as the ICR conference continues. Read more →

Thoughts From The Divide: Lack of Action

BY JON WEBB
It’s another week of heavy-hitting inflation data, with PPI coming in hotter than expected, CPI was in line with expectations on a year-on-year basis, and import prices “rose by the most in two years in April amid rising costs for energy products and other goods”. Under the hood, both CPI and import prices showed additional signs of running hot, with the latter featuring an upwardly revised 0.6% month-on-month change in March, and the CPI data, including hot readings in some of the niches and metrics followed by Powell et al., such as the  4.0% annualized reading in six-month Core CPI and a sobering 6.0% annualized reading in six-month Core Services. Read more →
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