Weekly ADR Report

By Todd Campbell
Date: Tuesday, April 8, 2014 5:55 AM EST

The top scoring ADRs from 1 year ago (4/8/2013) produced an average  1,417 bps of excess to the EAFE in the past year, with 0% turnover. The best performers have been TRIB up 50%, ICLR up 47%, and AZN up 33%.

  • Utilities are the top scoring sector across ADR's.

The following chart shows historical seasonality for the utilities (XLU) industry and reflects average excess/underperformance relative to the EFA by month. 

The average ADR score is 42.48, below the four week moving average score of 45.91. The average ADR is trading -17.68% below its 52 week high, 1.13% above its 200 dma, has 3.65 days to cover held short, and is expected to grow EPS by 25% next year.

ADRS             4/7/2014 4 Week MA
Randgold Resources GOLD BASIC MATERIALS Mining Sub-Saharan Africa South Africa Africa 90 66.25
Astrazeneca AZN HEALTHCARE Pharma. & Biotech. United Kingdom & Ireland United Kingdom Europe 85 78.75
Bancolombia - Pref CIB FINANCIALS Banks Latin America Colombia Latin America 85 67.50
Daimler DDAIF CONSUMER GOODS Automobiles & Parts Continental Europe Germany Europe 85 67.50
National Grid NGG UTILITIES Gas,H20&Multiutility United Kingdom & Ireland United Kingdom Europe 85 80.00
Novo Nordisk NVO HEALTHCARE Pharma. & Biotech. Continental Europe Denmark Europe 85 86.25
Spreadtrum Communications SPRD TECHNOLOGY Tech.Hardware&Equip. North Asia China Asia 85 85.00
ASM International - New York Shares ASMI TECHNOLOGY Tech.Hardware&Equip. Continental Europe Netherlands Europe 80 73.75
Grupo Aeroportuario del Centro Norte OMAB SERVICES IndustrialTransport. Latin America México Latin America 80 67.50
Ryanair RYAAY SERVICES Travel & Leisure United Kingdom & Ireland Ireland Europe 80 82.50
Ultrapar UGP SERVICES Gas,H20&Multiutility Latin America Brazil Latin America 80 65.00
CNInsure CISG FINANCIALS Nonlife Insurance North Asia China Asia 75 68.75
GLOBAL SOURCES GSOL TECHNOLOGY Internet Information Providers   Bermuda   75 80.00
Korea Electric Power KEP UTILITIES Electricity North Asia Korea Asia 75 66.25
KongZhong KONG CONGLOMERATES Mobile Telecom. North Asia China Asia 75 86.25
SIGNET GROUP PLC SIG SERVICES Jewelry Stores   Bermuda   75 85.00
Gerdau GGB BASIC MATERIALS Indust.Metals&Mining Latin America Brazil Latin America 10 16.25
Gravity GRVY TECHNOLOGY Leisure Goods North Asia Korea Asia 10 27.50
China Finance Online JRJC SERVICES Software&ComputerSvc North Asia China Asia 10 45.00
Mizuho Financial MFG FINANCIALS Banks North Asia Japan Asia 10 18.75
Prana Biotechnology PRAN HEALTHCARE Pharma. & Biotech. Australia & New Zealand Australia Asia 10 37.50
SK Telecom SKM TECHNOLOGY Mobile Telecom. North Asia Korea Asia 10 35.00
SORL AUTO PARTS SORL CONSUMER GOODS Automobiles & Parts North Asia China Asia 10 40.00
Spirent Communications SPMYY TECHNOLOGY Tech.Hardware&Equip. United Kingdom & Ireland United Kingdom Europe 10 23.75
Xinyuan Real Estate XIN INDUSTRIAL GOODS Real Estate Inv&Serv North Asia China Asia 10 20.00
China Southern Airlines ZNH SERVICES Travel & Leisure North Asia China Asia 10 22.50


The best scoring sector across ADRs is utilities (NGG, KEP), followed by healthcare (NVO, AZN, WX, PSDV, TRIB), and services (UGP, RYAAY, OMAB, SIG, CPA, CBD). Financials, technology, consumer goods, industrial goods, and basic materials score below average.

The top zone is North America/Canada (BCE, PSDV, ECA), followed by Latin America (CIB, UGP, OMAB, CPA, CBD, GGAL, IBA). The best regions are North America/Canada, Latin America, and UK/Ireland (NGG, AZN, RYAAY, ICLR, FLY, UL). The highest scoring countries include Ireland (RYAAY, ICLR, FLY), Bermuda (GSOL, SIG), Canada (BCE, ECA), and Italy (TI, LUX).