Gavekal Capital: Volume Has Spiked In North America This Year

Monday, April 7, 2014

Volume Has Spiked In North America This Year

One of the ways we measure volume momentum is by calculating the number of stocks where the 50-day moving average of volume is greater than the 1-year moving average of volume. So far in 2014, we have seen a significant pick-up in volume according to this measure. In many case, volume has spiked to levels last seen in 2011. Below are charts of each sector in descending order starting with the sectors that have seen biggest spike so far this year.

About Gavekal Capital

Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
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