Analysis of companies with a macroeconomic perspective
MORAM – Portfolio Management and Analysis of companies
MORAM is focused on the analysis of companies and portfolio management. It manages a portfolio and publishes a detailed analysis of the companies which compose the portfolio. Moreover, every quarter, there are detailed articles analysing the earning reports of the companies in the portfolio. Furthermore, it also publishes a watchlist with the analysis of companies which could be part of the portfolio in the future if some conditions happen.
MORAM follows a different approach than the traditional portfolio. It is based on the macroeconomic analysis of the current situation. Firstly, a macroeconomic analysis of the current situation is carried out. Secondly, it deeply analysis the sectors that are in an advantageous position in the current environment. Finally, the companies in the best position to take advantage of the catalysts forecasted are added to the portfolio.
Structure
Macroeconomy
Analysis of Companies
Portfolio Management
The Analysis of companies section shows the companies on the Portfolio, Watchlist and the Exits (operations closed).
- Portfolio – The portfolio contains between 8-10 companies. In other words, it is a concentrated portfolio. Typically, it will be divided into 3-4 sectors, depending on the macroeconomic analysis. Moreover, there is an analysis for each one of the companies composing the portfolio. In the analysis, there are details about its business model, situation, finance and comments of their quarterly earnings reports. The information is updated at the end of each quarter when the companies publish its quarterly reports.
- Watchlist – It includes the analysis of the companies (description, business model and current situation) that can be part of the portfolio in the future. It is because its sector is starting to show interesting opportunities and these companies look better than its peers. Consequently, the watchlist companies are grouped by sectors.
The Macroeconomic views section, contains articles regarding analysis of recent and significant events affecting the markets. It includes recent monetary policy decisions, offer & demand shocks or changes in consumer behaviour trends and its effect over specific industries. When investing, understanding of the macroeconomic environment is a critical factor before taking any investment. MORAM carries out a top to bottom analysis, identifying the drivers behind economic events and their potential consequences. As a result of the analysis, the sectors which can be more benefited in the current environment are identified. These sectors are further analysed in the company analysis section.
Latest macroeconomic posts
Companies analysed recently
Notes from Conference Calls
Currently, the portfolio has positions in four sectors (Infrastructure, Energy. Technology and REITs). Consequently, the vast majority of Macroeconomic articles are oriented to these topics. In conclusion, MORAM’s ambition is to share the analysis of companies, views about the economy and knowledge managing portfolios. The website went live in April 2020. As a result, the website will evolve by adding more information related to portfolio management,the stock market and analysis of companies. In the meantime, feel free to contact if you have any question or if simply you want to have a talk about investing.
More about MORAM
We usually write analysis of companies, macroeconomic articles and post related with portfolio management & asset allocation. The main idea of the website is to share our investments, analysis and the rationale behind our movements. Hopefully, this can help you if you have in your portfolio any of the companies we are covering, you are interested in macroeconomy or if you want to learn about asset allocation.
Analysis of companies – What companies are a good investment?
The type of publications will vary along the year. During the earning season, the vast majority of the articles are focused on the companies results (analysis and notes from conference calls). Nevertheless, during the rest of the year we publish our research about new companies. Along with the explanations of some investment decisions. As an example: Gigas Hosting Investing
Macroeconomic Analysis – Why invest in a specific sector?
Along the year we share analysis of some industries which are going under special circumstances. Specifically, it can be because of some shock in the supply/demand balance, new legislation, steady growth or any relevant issue. Also, it is a condition for MORAM to analyse the industry before making any investment in a company related to it. Therefore, we have performed analysis for all the industries where we have positions.Whenever in the future we see some opportunities in new sectors. We will analyse them (publishing articles about) and after that, we will analyse the most interesting companies within that sector from our point of view.
Asset Allocation – How should I allocate my money?
This is probably the most relevant part of the website. It is a key aspect to understand the macroeconomic condition to be able to allocate your money wisely. Thanks to this allocation, investors will make the most significant differences among each other. That is the reason why we will try to maintain ourselves active in this section and publish at least 3/4 articles per month about this.
In summary, it is a financial website made by people with experience in the financial sector where we want to share the analysis and investments we do. Weekly we send our subscriptors an email. It details the companies analysed during the week, changes in the portfolio or portfolio management / macroeconomy articles wrote if any.