Helix

Sowmy VJ

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We invest in global stocks that are fundamentally strong, ethical, fairly valued, and are sustainable. We call out companies that defraud investors with 'eco', 'green', and 'ESG' labels. No financial advice. We share what we are investing in. www.sowmyvj.com

-22 H

Chasing Alpha

For many investors, the ultimate goal isn’t just to participate in the market; it is to achieve alpha. In simple terms, alpha is your ability to beat the broad market. If you aren’t aiming to outperform the market, there is little reason to spend time hand-picking individual stocks. You could simply invest in an index fund, which is designed to deliver returns that closely mirror the broad market. For example, if the FTSE returns 24% in a year, a tracker might net you around 22.5% to 23% in gross returns. While those are solid results, they are easily accessible to anyone. Finding Your Edge The real craft of stock picking and portfolio construction lies in the search for an edge. To successfully beat the market, you must move beyond passive tracking and start asking the “why” behind the numbers: * Understand Movement: You need to identify why a specific stock is moving, whether that movement is up or down. * Strategic Construction: Building a portfolio isn’t just about collecting stocks; it’s about intentional selection to capture gains that an index might miss. In short, if you’re going to step away from the safety of the index, you need a clear understanding of what drives a stock’s price. Without that insight, you’re just along for the ride. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.sowmyvj.com/subscribe

2 min
-2 DIAS

Beyond the Balance Sheet

This is a free preview of a paid episode. To hear more, visit www.sowmyvj.com In the world of quantitative investing, it is easy to get lost in the sea of traditional factors. While we utilize a rigorous weighting system—allocating 10% each to established factors like Size, Value, and Momentum—experience has taught us that the most dangerous risks are the ones that don’t show up in a standard audit.

21 s
-3 DIAS

The Volatility Myth

This is a free preview of a paid episode. To hear more, visit www.sowmyvj.com We often hear the same pitch: “This company is a leader in its vertical. Market conditions are perfect for their sector. Look at how they’re performing right now.” It sounds logical. You look at the company’s “story,” their industry, and their current momentum. But if you’re trying to understand volatility, you’re looking at the wrong data points. It’s Not About the Story; It’s About the Statistics There is a fundamental misunderstanding that volatility is tied to how a company is performing in its specific vertical or market at a single point in time.

1 min
4/02

Strategy Update: Pre-IPO Opportunities and the 2026 Macro Outlook

Thank you to everyone who tuned into my live video! Join me for my next live video in the app. In our most recent session, we outlined our current investment trajectory, the evolving macroeconomic landscape, and a specialized opportunity for our limited partners to access the pre-IPO market. Below is a comprehensive look at how we are positioning the fund for the 2026 financial year. The Pre-IPO Opportunity: SpaceX and Beyond We are currently seeing significant interest in private companies nearing their public debut, particularly SpaceX. 1. How the Sidecar Structure Works For these opportunities, we utilize a sidecar vehicle—essentially a carve-out of the main portfolio. * The Sourcing: We work with U.S. broker-dealers who facilitate liquidity for early investors and employees with fully vested shares. * LP Commitment: Limited Partners (LPs) can commit up to 75% of their total investment in the hedge fund toward sidecar opportunities. * Minimum Entry: Each “print” or bid must be for at least $100,000. * Timeline: Once a bid is submitted, it typically takes two to three weeks to secure the stock. 2. The Case for SpaceX SpaceX is of particular interest due to its recent acquisition of xAI and its evolving deal with Tesla. Current indications suggest the company may be floated as early as September or October 2026. 3. Risks and Considerations * Liquidity Lock-up: Investors must be prepared for a one-to-two-year block where capital cannot be redeemed until the stock floats on an exchange. * Profit Target: We only pursue these sidecars if we estimate at least a 60% profit, matching the minimum return profile of our main vehicle. Macroeconomic Outlook: A “Now Case” for 2026 Our analysts are tracking several key markets to inform our broader strategy. * Global Growth: The IMF projects global GDP growth at 3.1% for 2026. * The U.S. Economy: We expect U.S. GDP growth of 2.9%, with inflation anticipated at 2.7%—notably above the 2% target. * International Markets: The UK, Europe, and India remain stable. Our partners in India report a largely favorable budget with emerging pre-IPO opportunities. * Innovation vs. Policy: While political shifts and new Fed appointments generate noise, we believe private innovation remains the true driver of the U.S. market, rather than government policy alone. Portfolio Strategy: The Barbell Model We continue to manage the portfolio using a barbell model backed by eight specific factors (including eco-efficiency and integrity). Anchors and Essentials We focus on “necessities” within the AI ecosystem: semiconductors, power, and telecom. * Caterpillar: We are maintaining and potentially increasing our weight here, specifically due to their growth in power and energy segments tied to AI data centers. * Alphabet (Google): While we note red flags regarding regulatory scrutiny and search volume competition from ChatGPT, we are moving Google to our long book following strong earnings. * MasterCard: Despite market shocks from interest rate policy changes, we remain profitable and are staying put. The Short Book We are increasing our short positions by approximately 1% on companies we believe are fundamentally sound but currently overpriced: * Tesla * Meta * NVIDIA Performance Targets For the 2025 financial year, we are currently at a 70% return. Looking ahead to 2026, our target remains 75% annual returns, with a guaranteed “floor” or minimum delivery target of 60% gross. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.sowmyvj.com/subscribe

43 min
28/01

Decoding the Market: The 6 Key Drivers of Stock Returns

Investing can often feel like trying to solve a puzzle where the pieces are constantly changing shape. While it’s tempting to rely solely on technical charts or specific buy-and-sell price recommendations, these methods typically only offer a small advantage. To truly understand what moves the needle, research points toward six fundamental “buckets” or factors that influence stock market returns. Understanding these drivers can help you move past the noise and focus on the structural elements that dictate long-term performance. 1. Market Capitalization: The Size Advantage Size matters in the world of investing, but perhaps not in the way you’d expect. One of the primary factors influencing returns is Market Cap. Interestingly, research shows that smaller companies tend to deliver higher returns over time compared to their larger counterparts. While large-cap stocks offer stability, the growth potential inherent in smaller firms often leads to a more robust return profile. 2. Valuation: Finding the Hidden Gems Valuation is the art of determining what a stock is actually worth versus its current price. Investors often use metrics like the Price-to-Earnings (P/E) ratio to gauge this. The general trend is clear: * Undervalued stocks tend to have a higher return profile. * Fairly valued or Overvalued stocks often see lower relative returns. Current market discussions frequently point to tech giants as examples of overvaluation. For instance, while companies like Apple and Alphabet are considered overvalued compared to the broader market, others like Tesla and Nvidia are often cited as being even more heavily overvalued. 3. Market Risk: The Macro Environment Market risk is the inherent uncertainty of staying invested in the equity market. This factor isn’t about a specific company, but rather the “tide” that lifts or lowers all boats. It is heavily influenced by several external forces: * Macro cycles and policy changes. * Corporate earnings. * Overall market performance. 4. Momentum: Riding the Wave Momentum is the tendency for a stock that has been performing well recently to continue that upward trajectory. If a stock has been climbing for a specific period, it often maintains that direction until a significant change in market conditions occurs or the trend reverses. It’s the financial equivalent of “an object in motion stays in motion”. 5. Profitability: The Bottom Line At its core, a company’s purpose is to generate profit. Research confirms that companies with higher operational profitability tend to outperform their peers. Investors should look closely at: * Unit-level profitability: Are they making money on every individual sale? * Operational efficiency: How effectively is the company turning its operations into actual returns for shareholders? Ready to dive deeper into your portfolio? This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.sowmyvj.com/subscribe

5 min
28/01

Analysing Alphabet (GOOGL) using the Helix Quantamental Model

This is a free preview of a paid episode. To hear more, visit www.sowmyvj.com Thank you to all Helixers, who tuned into my live video! Join me for my next live video in the app. Everyone is obsessed with whether Gemini is “smarter” than GPT-4. They’re looking at the wrong screen. While the retail crowd argues about chatbots, I’m looking at a 21x multiple on a company that basically owns the world’s digital front door. In this deep dive, we strip away the AI hype and look at the cold, hard factors: why we are ignoring the “search is dead” narrative and increasing our allocation by 1.5%. Stories are what CEOs tell you when they don’t want you to look at the cash flow statement. Today, the story is that Google is “the next Kodak” because of Generative AI. I’ve heard the propaganda. I’ve seen the “Google is over” tweets. I’m not buying the story. I’m buying the data.

9 min
27/01

Helix Quantamental Model

In a recent presentation, Sowmy V.J., our Managing Partner, and an experienced fund manager, introduced the Helix Quantamental Model, a robust framework for building and managing stock portfolios. Drawing from over 25 years of investment experience, Sowmy detailed how this model goes beyond traditional stock picking to deliver consistent, market-beating returns. What is the Helix Quantamental Model? The Helix model is structured around six core factors, which are further subdivided into 20 key pillars. Each factor, such as ‘investment,’ is broken down into specific pillars, providing a comprehensive and detailed analytical framework for evaluating potential stocks. The Power of Portfolio Theory A fundamental principle of the Helix model is the belief that the whole portfolio is greater than the sum of its parts. Rather than searching for a single “star pick,” the model focuses on assembling a collection of solid stocks. When these stocks are combined correctly, the resulting portfolio can outperform the market significantly. Key Advantages of the Helix Model: * Proven Track Record: Sowmy has used this model for his personal investments since 1999 and has successfully applied it in two previous funds and his current fund, Helix. * Market-Beating Performance: The model has consistently delivered returns higher than the market on a monthly, quarterly, and annual basis, even during periods of market volatility. * Global Applicability: The Helix model is versatile and can be used in any market, including the US, UK, and India. * Adaptability: While the core pillars of the model remain consistent, it allows for minor modifications and the inclusion of new data, such as sentiment analysis, to reflect changing market dynamics. The Helix Quantamental Model offers a structured and data-driven approach to investing, emphasizing the importance of a well-diversified portfolio and a deep understanding of the factors that drive stock performance. For investors seeking to achieve consistent and sustainable returns, the Helix model provides a compelling framework for success. Want to learn the model? This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.sowmyvj.com/subscribe

4 min
20/01

Strategy Update No 2/2026

This is a free preview of a paid episode. To hear more, visit www.sowmyvj.com Thank you to everyone who tuned into my live video! Join me for my next live video in the app. Helix Alpha Architecture 2026 Date: January 20, 2026 Objective: Target 75% Annual Return | 5% Max Drawdown Framework: Helix Barbell Strategy & Carhart 4-Factor Model I. Introduction: The Era of Multidimensional Polarization As we move into the first quarter of 2026, the market is no longer a monolith. We are operating in an era of ‘multidimensional polarization’. While the broad index hyperventilates over narrative-driven AI peaks, Helix continues to weaponize research to separate physical reality from ‘Green Unicorns’. Our objective remains clinical: achieving 75% alpha by buying the balance sheet and shorting the hypocrisy.

4 min

We invest in global stocks that are fundamentally strong, ethical, fairly valued, and are sustainable. We call out companies that defraud investors with 'eco', 'green', and 'ESG' labels. No financial advice. We share what we are investing in. www.sowmyvj.com

Autoria

Sowmy VJ
Anos em atividade

2025 - 2026
Episódios

56
Classificação

Para todos
Copyright

© Helix Research Ltd
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