Share-o-matic - Assessment MerVal

Assessment - MerVal - 2/24/20 - RS = 26

		⇓instrument	freshest		⇓ Δday	2/24/20	⇓ Δwk	8/26/19	prc diff	⇓ Δ26	∅-RS
		Merval	38,390.800	Wed	0.61	38,390.800		25,848.300	12,542.500	48.52	10.51
	L	Gr Fin Valores	13.950	Wed	-3.13	14.500	-3.79	5.850	8.650	147.86	86.54
	L	Cablevisión	316.000	Wed	-1.40	320.500	-1.40	155.000	165.500	106.77	41.58
		Ternium Argentina	21.800	Wed	-1.58	22.150	-1.58	12.600	9.550	75.79	38.18
		Aluar	27.700	Wed	-3.99	28.850	-3.99	20.950	7.900	37.71	37.44
	L	Telecom Argentina	192.150	Wed	-0.41	192.950	-0.41	113.000	79.950	70.75	36.95
	L	Banco Macro	258.950	Wed	-4.76	271.900	-4.76	165.400	106.500	64.39	25.93
		YPF	701.550	Wed	-8.59	767.500	-8.59	525.900	241.600	45.94	12.26
	L	Comercial del Plata	2.180	Wed	-6.84	2.340	-6.84	1.240	1.100	88.71	8.32
	L	Bolsas y Mercados	289.500	Wed	-5.08	305.000	-5.08	218.250	86.750	39.75	7.50
		Gr Fin Galicia	108.100	Wed	-6.49	115.600	-6.49	77.000	38.600	50.13	5.79
		Holcim (Argentina)	79.800	Wed	-6.12	85.000	-6.12	59.000	26.000	44.07	5.28
	L	BBVA Banco Francés	116.650	Wed	-6.27	124.450	-6.27	87.600	36.850	42.07	3.87
	L	Supervielle	46.750	Wed	-6.69	50.100	-6.69	36.150	13.950	38.59	-0.26
	L	TGS	93.350	Wed	-10.15	103.900	-10.15	89.361	14.539	16.27	-1.92
		Cresud	40.450	Wed	-2.41	41.450	-2.41	32.450	9.000	27.73	-4.64
		Central Puerto	26.200	Wed	-8.39	28.600	-8.39	19.600	9.000	45.92	-5.01
	S	Pampa Energía	39.300	Wed	-7.20	42.350	-7.20	33.750	8.600	25.48	-7.99
	L	Transener	22.850	Wed	-9.33	25.200	-9.33	20.550	4.650	22.63	-15.15
	L	Edenor	19.900	Wed	-6.57	21.300	-6.57	17.400	3.900	22.41	-23.89
	L	TGN	34.050	Wed	-5.29	35.950	-5.29	37.250	-1.300	-3.49	-26.53
MerVal - 20 out of 20 instruments rated - 2/24/20 / 8/26/19 - 19 did rise, Market-Ratio(26) = 95.00 %
Stock Exchange Currency: ARS $ Argentine peso

Technical Chart

	MerVal RS = 26 - B/S = 60/40

1/04/16	scale up chart	2/24/20

Transactions MerVal * 26 - 60/40 (2)

													⇐
L/S	date buy	date sell	days		instrument	spl	pieces	prc buy	prc sell	ps short	prc diff	d %	asset	yield
1/02/06		5/01/06	119		- cash -
short	5/01/06	11/13/06	196		Comercial del Plata	50	12,195	0.410	0.280	0.600	0.190	46	12,322	103
					YPF	50	31	160.000	134.200	190.760	30.760	19	13,275	39
100							33						70
long	11/13/06	8/20/07	280		Banco Macro	50	849	7.810	9.050		1.240	16	14,328	21
					Tenaris	50	100	65.800	75.600		9.800	15	15,308	20
100							15						21
short	8/20/07	9/24/07	35		Ternium Argentina	50	4,853	1.577	1.788	1.366	-0.211	-13	14,284	-78
					YPF	50	68	111.000	123.000	99.000	-12.000	-11	13,468	-70
100							-12						-74
long	9/24/07	12/17/07	84		Pampa Energía	50	2,439	2.760	2.570		-0.190	-7	13,005	-27
					Petrobras	50	111	60.450	88.250		27.800	46	16,091	418
100							20						117
short	12/17/07	4/20/09	490		Banco Macro	50	1,077	7.470	3.980	14.020	6.550	88	23,145	60
					Gr Fin Galicia	50	3,607	2.230	0.750	6.631	4.401	197	39,018	125
100							143						93
long	4/20/09	5/03/10	378		Petrobras	50	309	63.000	70.800		7.800	12	41,428	12
					Telecom Argentina	50	3,153	6.200	13.700		7.500	121	65,076	115
100							67						64
short	5/03/10	5/10/10	7		Petrobras	50	459	70.800	73.350	68.250	-2.550	-4	63,905	-85
					Petrobras Argentina	50	10,244	3.180	2.970	3.405	0.225	7	66,208	3,422
100							2						146
long	5/10/10	7/05/10	56		Ternium Argentina	50	16,363	2.023	2.115		0.092	5	67,713	34
					Comercial del Plata	50	70,437	0.470	0.390		-0.080	-17	62,078	-70
100							-6						-34
L/S	date buy	date sell	days		instrument	spl	pieces	prc buy	prc sell	ps short	prc diff	d %	asset	yield
short	7/05/10	8/02/10	28		Petrobras	50	425	72.950	74.200	71.700	-1.250	-2	61,547	-20
					Petrobras Argentina	50	10,903	2.850	2.910	2.790	-0.060	-2	60,893	-24
100							-2						-22
long	8/02/10	6/13/11	315		Banco Macro	50	1,914	15.900	15.700		-0.200	-1	60,510	-1
					Gr Fin Galicia	50	10,956	2.780	5.480		2.700	97	90,091	120
100							48						57
short	6/13/11	4/02/12	294		Petrobras	50	621	72.500	67.500	77.870	5.370	7	93,426	9
					Ternium Argentina	50	19,595	2.300	1.630	3.245	0.945	41	111,952	53
100							24						31
long	4/02/12	4/09/12	7		Tenaris	50	568	98.500	95.000		-3.500	-4	109,964	-85
					Comercial del Plata	50	69,140	0.810	0.800		-0.010	-1	109,272	-48
100							-2						-72
short	4/09/12	12/24/12	259		Aluar	50	22,030	2.480	2.320	2.651	0.171	7	113,039	10
					Edenor	50	56,327	0.970	0.640	1.470	0.500	52	141,214	80
100							29						44
long	12/24/12	7/15/13	203		BBVA Banco Francés	50	6,248	11.300	11.350		0.050	0	141,526	1
					Gr Fin Galicia	50	15,656	4.510	4.430		-0.080	-2	140,274	-3
100							-1						-1
short	7/15/13	8/12/13	28		Petrobras	50	1,233	56.850	60.400	53.300	-3.550	-6	135,897	-57
					Comercial del Plata	50	137,603	0.510	0.490	0.531	0.021	4	138,759	68
100							-1						-13
long	8/12/13	8/24/15	742		Telecom Argentina	50	2,248	30.850	40.600		9.750	32	160,677	14
					Ternium Argentina	50	28,445	2.440	5.480		3.040	125	247,150	49
100							78						33
L/S	date buy	date sell	days		instrument	spl	pieces	prc buy	prc sell	ps short	prc diff	d %	asset	yield
short	8/24/15	8/31/15	7		Petrobras	50	3,634	34.000	41.000	27.000	-7.000	-21	221,712	-100
					YPF	50	447	276.000	298.000	254.000	-22.000	-8	211,878	-99
100							-14						-100
long	8/31/15	9/14/15	14		Pampa Energía	50	11,903	8.900	9.190		0.290	3	215,330	131
					Comercial del Plata	50	33,419	3.170	2.950		-0.220	-7	207,977	-85
100							-2						-38
short	9/14/15	11/02/15	49		Aluar	50	14,148	7.350	10.250	4.450	-2.900	-39	166,948	-98
					Petrobras	50	3,118	33.350	33.750	32.950	-0.400	-1	165,701	-9
100							-20						-82
long	11/02/15	1/18/16	77		BBVA Banco Francés	50	800	103.500	84.500		-19.000	-18	150,501	-62
					Pampa Energía	50	6,233	13.300	10.150		-3.150	-24	130,867	-72
100							-21						-67
short	1/18/16	1/25/16	7		Petrobras	50	2,895	22.600	21.800	23.429	0.829	4	133,268	555
					YPF	50	355	184.000	207.500	160.500	-23.500	-13	124,926	-100
100							-5						-91
long	1/25/16	5/02/16	98		Gr Fin Galicia	50	1,725	36.200	41.200		5.000	14	133,551	62
					Pampa Energía	50	5,228	11.950	11.650		-0.300	-3	131,982	-9
100							6						23
short	5/02/16	6/13/16	42		Ternium Argentina	50	9,633	6.850	6.960	6.740	-0.110	-2	130,923	-13
					Comercial del Plata	50	20,884	3.160	2.830	3.529	0.369	12	138,618	161
100							5						53
long	6/13/16	8/29/16	77		Banco Macro	50	721	96.000	120.700		24.700	26	156,427	196
					Pampa Energía	50	4,786	14.500	15.500		1.000	7	161,213	37
100							16						105
L/S	date buy	date sell	days		instrument	spl	pieces	prc buy	prc sell	ps short	prc diff	d %	asset	yield
short	8/29/16	9/12/16	14		Aluar	50	8,484	9.500	9.340	9.663	0.163	2	162,594	56
					Comercial del Plata	50	26,004	3.100	3.040	3.161	0.061	2	164,185	66
100							2						61
long	9/12/16	6/25/18	651		Pampa Energía	50	4,930	16.650	45.400		28.750	173	305,922	75
					Petrobras	50	1,118	73.400	129.500		56.100	76	368,642	37
100							125						57
short	6/25/18	12/31/18	189		Agrometal	50	10,127	18.200	12.000	27.603	9.403	52	463,869	124
					Supervielle	50	2,743	67.200	63.300	71.340	4.140	6	475,226	12
100							29						63
long	12/31/18	3/25/19	84		Petrobras	50	951	249.650	335.200		85.550	34	556,584	260
					Loma Negra	50	2,954	80.500	98.400		17.900	22	609,461	139
100							28						195
short	3/25/19	6/17/19	84		Ecogas	50	8,871	34.350	30.150	39.135	4.785	14	651,910	76
					MetroGAS	50	13,851	22.000	21.400	22.617	0.617	3	660,453	13
100							8						42
long	6/17/19	8/12/19	56		Banco Macro	50	1,144	288.650	288.400		-0.250	0	660,167	-1
					Holcim (Argentina)	50	3,404	97.000	91.100		-5.900	-6	640,083	-34
100							-3						-18
short	8/12/19	2/17/20	189		Comercial del Plata	50	166,688	1.920	2.260	1.580	-0.340	-18	583,409	-31
					Ecogas	50	10,867	29.450	20.100	43.149	13.699	47	732,281	109
100							14						30
long	2/17/20	2/26/20	9		Ternium Argentina	50	15,129	24.200	21.800		-2.400	-10	695,971	-99
					Gr Fin Valores	50	26,342	13.900	13.950		0.050	0	697,288	16
100							-5						-86
accum	5/01/06	2/26/20	5050	days out of 5169 invested (98%)							6,873		697,288	36

Instrument Related Contribution

instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %	spl	d_i %	total
Gr Fin Galicia	short	12/17/07	4/20/09	490	2.23	0.75	6.63	4.40	197.33	50	98.67
	long	8/02/10	6/13/11	315	2.78	5.48		2.70	97.12		48.56
	long	12/24/12	7/15/13	203	4.51	4.43		-0.08	-1.77		-0.89
	long	1/25/16	5/02/16	98	36.20	41.20		5.00	13.81		6.91	212.72
Petrobras	long	9/24/07	12/17/07	84	60.45	88.25		27.80	45.99		22.99
	long	4/20/09	5/03/10	378	63.00	70.80		7.80	12.38		6.19
	short	5/03/10	5/10/10	7	70.80	73.35	68.25	-2.55	-3.60		-1.80
	short	7/05/10	8/02/10	28	72.95	74.20	71.70	-1.25	-1.71		-0.86
	short	6/13/11	4/02/12	294	72.50	67.50	77.87	5.37	7.41		3.70
	short	7/15/13	8/12/13	28	56.85	60.40	53.30	-3.55	-6.24		-3.12
	short	8/24/15	8/31/15	7	34.00	41.00	27.00	-7.00	-20.59		-10.29
	short	9/14/15	11/02/15	49	33.35	33.75	32.95	-0.40	-1.20		-0.60
	short	1/18/16	1/25/16	7	22.60	21.80	23.43	0.83	3.67		1.83
	long	9/12/16	6/25/18	651	73.40	129.50		56.10	76.43		38.22
	long	12/31/18	3/25/19	84	249.65	335.20		85.55	34.27		17.13	87.80
Telecom Argentina	long	4/20/09	5/03/10	378	6.20	13.70		7.50	120.97		60.48
	long	8/12/13	8/24/15	742	30.85	40.60		9.75	31.60		15.80	85.84
Ternium Argentina	short	8/20/07	9/24/07	35	1.58	1.79	1.37	-0.21	-13.38		-6.69
	long	5/10/10	7/05/10	56	2.02	2.12		0.09	4.55		2.27
	short	6/13/11	4/02/12	294	2.30	1.63	3.25	0.95	41.10		20.55
	long	8/12/13	8/24/15	742	2.44	5.48		3.04	124.59		62.30
	short	5/02/16	6/13/16	42	6.85	6.96	6.74	-0.11	-1.61		-0.80
	long	2/17/20	2/26/20	9	24.20	21.80		-2.40	-9.92		-4.96	76.03
Banco Macro	long	11/13/06	8/20/07	280	7.81	9.05		1.24	15.88		7.94
	short	12/17/07	4/20/09	490	7.47	3.98	14.02	6.55	87.69		43.84
	long	8/02/10	6/13/11	315	15.90	15.70		-0.20	-1.26		-0.63
	long	6/13/16	8/29/16	77	96.00	120.70		24.70	25.73		12.86
	long	6/17/19	8/12/19	56	288.65	288.40		-0.25	-0.09		-0.04	74.06
instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %	spl	d_i %	total
Pampa Energía	long	9/24/07	12/17/07	84	2.76	2.57		-0.19	-6.88		-3.44
	long	8/31/15	9/14/15	14	8.90	9.19		0.29	3.26		1.63
	long	11/02/15	1/18/16	77	13.30	10.15		-3.15	-23.68		-11.84
	long	1/25/16	5/02/16	98	11.95	11.65		-0.30	-2.51		-1.26
	long	6/13/16	8/29/16	77	14.50	15.50		1.00	6.90		3.45
	long	9/12/16	6/25/18	651	16.65	45.40		28.75	172.67		86.34	64.67
Ecogas	short	3/25/19	6/17/19	84	34.35	30.15	39.14	4.79	13.93		6.97
	short	8/12/19	2/17/20	189	29.45	20.10	43.15	13.70	46.52		23.26	31.84
Agrometal	short	6/25/18	12/31/18	189	18.20	12.00	27.60	9.40	51.67		25.83	25.83
Edenor	short	4/09/12	12/24/12	259	0.97	0.64	1.47	0.50	51.57		25.78	25.78
Loma Negra	long	12/31/18	3/25/19	84	80.50	98.40		17.90	22.24		11.12	11.12
Comercial del Plata	short	5/01/06	11/13/06	196	0.41	0.28	0.60	0.19	46.44		23.22
	long	5/10/10	7/05/10	56	0.47	0.39		-0.08	-17.02		-8.51
	long	4/02/12	4/09/12	7	0.81	0.80		-0.01	-1.23		-0.62
	short	7/15/13	8/12/13	28	0.51	0.49	0.53	0.02	4.08		2.04
	long	8/31/15	9/14/15	14	3.17	2.95		-0.22	-6.94		-3.47
	short	5/02/16	6/13/16	42	3.16	2.83	3.53	0.37	11.66		5.83
	short	8/29/16	9/12/16	14	3.10	3.04	3.16	0.06	1.97		0.99
	short	8/12/19	2/17/20	189	1.92	2.26	1.58	-0.34	-17.71		-8.85	7.50
Tenaris	long	11/13/06	8/20/07	280	65.80	75.60		9.80	14.89		7.45
	long	4/02/12	4/09/12	7	98.50	95.00		-3.50	-3.55		-1.78	5.54
Supervielle	short	6/25/18	12/31/18	189	67.20	63.30	71.34	4.14	6.16		3.08	3.08
Petrobras Argentina	short	5/03/10	5/10/10	7	3.18	2.97	3.40	0.22	7.07		3.53
	short	7/05/10	8/02/10	28	2.85	2.91	2.79	-0.06	-2.11		-1.05	2.44
MetroGAS	short	3/25/19	6/17/19	84	22.00	21.40	22.62	0.62	2.80		1.40	1.40
instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %	spl	d_i %	total
Gr Fin Valores	long	2/17/20	2/26/20	9	13.90	13.95		0.05	0.36		0.18	0.18
Holcim (Argentina)	long	6/17/19	8/12/19	56	97.00	91.10		-5.90	-6.08		-3.04	-3.04
YPF	short	5/01/06	11/13/06	196	160.00	134.20	190.76	30.76	19.23		9.61
	short	8/20/07	9/24/07	35	111.00	123.00	99.00	-12.00	-10.81		-5.41
	short	8/24/15	8/31/15	7	276.00	298.00	254.00	-22.00	-7.97		-3.99
	short	1/18/16	1/25/16	7	184.00	207.50	160.50	-23.50	-12.77		-6.39	-6.80
BBVA Banco Francés	long	12/24/12	7/15/13	203	11.30	11.35		0.05	0.44		0.22
	long	11/02/15	1/18/16	77	103.50	84.50		-19.00	-18.36		-9.18	-8.98
Aluar	short	4/09/12	12/24/12	259	2.48	2.32	2.65	0.17	6.90		3.45
	short	9/14/15	11/02/15	49	7.35	10.25	4.45	-2.90	-39.46		-19.73
	short	8/29/16	9/12/16	14	9.50	9.34	9.66	0.16	1.71		0.86	-16.25

Annotations


	is taking down something concerning