primeSelector has been developed by an experienced team of asset managers at Banque Cramer & Cie SA. Our team has earned more than half a dozen Lipper Awards and other acclaims during their career as fund managers utilizing systematic investment strategies.
At Banque Cramer & Cie SA we are giving proof of our know-how again as we took over the management of a Swiss equity fund in April 2015 moving it from the lowest ranks to the top levels in slightly more than a year. This success is entirely based on the prime equity selection strategy. primeSelector is already being used very successfully and anybody can check out the results of the development team.
The values of Banque Cramer & Cie SA are human size, know-how and reliability. By making the primeSelector publically available we give proof of our extensive know-how and that we live our values. We offer the primeSelector for free to create a broad user base, which will hopefully contribute to the further development of the tool. We share our expertise and hope to learn from the collective wisdom of our user base. Trust needs to be earned and barriers overcome; a free primeSelector is just one way to show that we really mean it.
During a market survey we have not come across a world wide equity screening tool that gives you the freedom to develop your own strategy, backtest it on the fly and track your results in a virtual portfolio going forward. The fact that all this comes for free truly sets primeSelector apart from any other equity screening tool. We use world-renowned Thomson Reuters data to feed our tool. We never compromise on quality!
It’s not the goal of primeSelector to identify the new high-flyers. It’s all about sound investing. Half of the success is based on the fact that the number of big mistakes is greatly reduced. For very experienced equity investors primeSelector is an efficient tool to narrow down on promising investment targets that merit more detailed fundamental analyses. Market participants with less time at hand for qualitative analyses can use primeSelector to build well diversified portfolios of at least 15 stocks. There is no tool available on the market that is able to locate the one hidden gem for you. Always use common sense and use a final qualitative check on any systematic tool output.
Today’s clients and especially younger generations actively research and consult various sources of information – advisors are becoming sparring partners or sounding boards. We welcome such change and appreciate well-informed clients. primeSelector is a high-end tool for the quantitative assessment, i.e. analyses based on financial data and facts. Bank advisors additionally have an entire range of qualitative information they can rely on, which makes for a powerful combination.
The software is still in development and we will soon implement single country selection including all the benchmarks
The aggregation mode works differently from the filter mode as stocks are first ranked in every selected factor and finally a weighted average score is calculated. The standard way of calculating the weighted average is to assign an equal weight to all factors selected.
The Dynamic self-adaptive mode instead uses a proprietary algorithm that selects the optimal combination of weights of the factors at every rebalance date. These varying weights are then used to calculate the average score.
For every backtest the user can define the portfolio size, i.e. Top 1st decile or Top 40 stocks. At every rebalance date there will always be stocks that just move out of the defined portfolio size to then move back in the next month. To avoid this unnecessary turnover you can define how far a stock may drop before you really want to it to be deselected. Putting the slider to i.e. 100% on a 40 stock portfolio size means that a stock will be deselected once it falls to position 81, namely 100% of the original portfolio size.
To protect investors from large market draw downs we have implemented two trend-following signals. The first signal indicates to hedge 50% of the portfolio by shorting the benchmark. The second signal is a confirming one and indicates that 100% of the portfolio should be hedged. Since our strategy has shown to generate outperformance compared to the benchmark the implementation in the back test is by going short the selected benchmark instead of selling the portfolio holdings. This avoids incurring excessive transaction costs and it might even generate positive performance in case the portfolio outperforms the benchmark
The maximum number of factors you can select simultaneously are 5. Our tool generates on-the-fly back tests for every user specific setting and if the Dynamic self-adaptive mode is selected the computing power requirements increase exponentially. To assure a perfect user experience we have adopted these constraints.
You can save your preferred screeing settings and always return back to it using the restore button. Every time you click on save you will overwrite the prior settings.
The PRIME-rating is based on the 5 main factors around which this tool has been built. An in-depth explanation of the factors can be found in the General section of the FAQ. The numbers refer to the Unicorns assigned to every stock. A dark blue Unicorn means a full point, a light blue Unicorn counts has half a point and an empty box is 0 point
Click on the two-sided arrow symbol on the top right corner and a new panel will open. The tool will make suggestions based on either your saved strategy or the actual setting, click on either button. The number of stocks the tool will suggest is based on the portfoli size you have selected on the screener page. You can now decide which of the suggestions you want to follow by ticking the boxes. Once you are done click on Rebalance portfolio and the tool will do the rest. Repeat this at regular intervals, i.e. monthly to always keep an updated portfolio. On any one day you can rebalance your portfolio as many times as you want only the last one will be saved for performance calculations.
Our search function accommodates only for alphabetical search, so ISINs or any other numerical identifiers will not work. Since the securities database is based on Thomson Reuters data you can also search by Reuters RIC-codes.
We are working towards this end. Printable factsheets will be part of the future feature list.