Cessation of coverage

研报英文原文证据摘录

Cessation of coverage

Macquarie Equity Research Blue Jet Healthcare

Alpha Model Decomposition Key Quant Findings

The quant model currently holds a neutral view on Blue Jet The Macquarie Alpha is decomposed into its sector and

Healthcare. The strongest style exposure is Profitability, market relative factor & styles exposures (a higher/better

indicating this stock is efficiently converting investments percentile is coded in green, whilst lower in red).

to earnings; proxied by ratios like ROE or ROA. The

weakest style exposure is Quality, indicating this stock is relativePercentileto

likely to have a weaker and less stable underlying earnings

sectors market

stream. Factors / Styles (/1217) (/1061) Core factors in definition

ALPHA 64% 49% Built from the styles below

Macquarie Alpha Model: Key rankings VALUE 39% 19% Book, CF, Yield, Earnings Multiples

ANALYST 98% 97% Revisions (Earnings, Recommendations)

The Macquarie Quant’s flagship Alpha model is a dynamic MOMENTUM 72% 64% Price Momentum

multi-factor model based on a staple of quant factors such

as value, momentum, revisions, quality, and risk. GROWTH 66% 71% EPS, Sales (Forecast, Historic)

PROFITABILITY 95% 93% ROE, Margin, Asset Turnover

Global Market (Country) Sector

Pharma, Biotech QUALITY 38% 10% Accruals, Earn Stability, Cash Conversion Whole Universe India & Life Sciences

CAPITAL 38% 17% Investment/Capex, Net share issuance

Macquarie Alpha

10430/18186 538/1061 438/1217 LIQUIDITY 68% 47% Size, Turnover, Analyst Coverage Model

Fundamental LOW RISK 27% 19% Beta, Volatility, Earn.Cert, Leverage 7412/18186 433/1061 626/1217 (Consensus) *

TECHNICAL 54% 45% MACD, RSI, Bollinger, Williams R, etc

* based on Total Shareholder Return = Consensus Price target / Current Price

Factors driving the Alpha Model vs peers