3QTR25 UO Matrix via Applied Indexation

 

In advance: 3QTR25 <U/O> Matrix via Applied Indexation is currently available in composite spreadsheet format.

Featured Clean Energy thematic is derived from a combined Renewables/Diversified Industrials/Technology sector-themed overlay within Invesco’s publicly traded subindustry benchmark proxy (ETF ticker PBW), utilizing the modularity of business segment operations embedded within company revenue lines to generate effective Tier-2: Alpha and Alpha-Beta screens.

Period total return and component member ranged performance dispersion highlight the opportunities presented by dynamic model builds and competitive market information against fluid macro backdrops, distinct sector/industry/subindustry valuation drivers and corporate catalysts:

>> PBW total return: 3-mos. +39.4%, 3Q25 +45.4%, YTD25 +65.0%; YTD25 performance dispersion +417.9%/-46.8% (101725).

>> PBW Fwd adj. PE=29.3 Beta=1.6 versus 26.0/1.6, 20.4/1.6 and 24.7/1.6 sequentially [40.0 limit; N/A totals 44.1% (v. 51.7%) based on portfolio weight and 45.2% of count (-6.4%), 7.1% on market capitalization (-0.2%); Large-cap 38.2% (+2.1%), Mid-cap 38.0% (+7.4%), Small-cap 23.7% (-9.9%)].

>> SPX 12-month Fwd PE=22.5/3Q25 v. 22.2/2Q25, 19.0/1Q25, 21.5/4Q24 (FactSet); CAPE 39.8 from 37.8/34.5/37.4, mean 17.3 (Shiller 101725).

Excess Alpha and Alpha-Beta efforts in Active Value institutional portfolio strategies are advantaged by patterned iterative peer group analytics and valuation, detailing adaptive cross-sector/multi-asset/multi-factor permutations and interrelationships among business segment operations within benchmark index/proxy subsets (comparative analysis, relative value, correlated/uncorrelated effects, resiliency of thematics, investment universe reconstitution).

<U/O> Matrix via Applied Indexation segments include Wind, Solar, Fuel Cells, Smart Grid, Water, LED, Biofuel, Automotive, Natural Gas, Storage and Aviation plus further classifications detailing component member assignments based on corporate business segment operations (12 segments, 67 classifications, 231 single and multi-listed component members; n=62).

Please message direct with any questions or for product development considerations; spreadsheet downloads available for research libraries at b-platform Access tab (auto-generated password, PayPal hosted; note tutorials in support).

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#EnergyComplex #CleanEnergy #Renewables #DiversifiedIndustrials #Technology #Strategy #PortfolioManagement #CorporateFinance #BSOs #Analytics

w/r/t the past-positive forward looking portfolio-based relative indicators featured in <U/O> Matrix via Applied Indexation, a brief primer is provided online along with posts: <U/O> Matrix via Applied Indexation — Establishing Predictive Value (Venn: Innovation and Efficiencies), <U/O> Tutorial_5: Performance Dispersion (Meta) and slideshow <U/O> Matrix - Establishing Predictive Value: Applied Indexation, Hierarchical Data Sets and Competitive Market Information.

At Venn’s intersection, sets and subsets of competing interests endure. The dynamic principles of business segment operations are three-fold: 1) multinational and Large-cap companies function as benchmark sector/industry/subindustry proxies based on scale (Alpha-Beta), 2) Small- and Mid-cap companies participate as competitive peers (Alpha) and, hence, acquisition candidates and 3) among subsets of 1) and 2) are companies provisioning multiple economic sectors, asset classes and geographies.

Successful portfolio strategies (fundamental, index-plus, systematic) and adaptive investable motifs (niche, thematic, megatrend) isolate Value in Growth, and Growth in Value, by aligning the prospective Alpha drivers directly associated with ecosystem composition and supply chain verticals.

Forward looking statements, estimates and certain information contained herein are based on proprietary and non-proprietary research and other sources. Information contained herein has been obtained from sources believed to be reliable but are not assured as to accuracy. Past performance is not indicative of future results. There is neither representation nor warranty as to the current accuracy of, nor liability for, decisions based on such information. This content is distributed for informational purposes only and should not be considered as investing advice or a recommendation of any particular security, strategy or investment product. The author's opinions are subject to change without notice. No part of this product, related articles, publications or web-based content may be reproduced in any form or referred to in any other publication without express written permission of Universal Orbit © 2025 and David B. Kleinberg.