Sector Attractiveness Rankings are Reshuffled as Volatility Continues

March 18, 2022
Brian T. Hannon, CFA
Sector Attractiveness Rankings are Reshuffled as Volatility Continues
Sharp market price volatility has translated into widespread changes in valuation and technical scores
across all the sectors. With few exceptions, changes in our sector attractiveness rankings have been
significant. Notably, the technology and conglomerates sectors retraced their moves from last week.
See Tables 5 & 6 where we highlight the most and least attractive names selected from the topranked and bottom-ranked sectors, respectively.
Brian T. Hannon, CFA
Founder, Director of Quantitative Equity Research
Qubit Research, LLC
Brian Hannon began his career in the chemicals industry at the Dupont Company where he held
various positions in research & development, project management, and corporate finance. While in
R&D, he was awarded a patent for his role in the development of a reverse osmosis application for the
production of semiconductor devices (Patent# 4,879,043: Manufacture of High Purity Hydrogen
Peroxide by Using Reverse Osmosis”).
Brian made the transition to the investment management profession as a research analyst covering
chemicals industry stocks in 1992 at the DuPont Pension Fund. In 1995 he joined ASB Capital
Management where he developed the first version of the multi-factor model that Polaris is based on.
From 1997 to 2006, Brian produced an exceptional track record while serving as a senior portfolio
manager at Macquarie Investments (formerly Delaware Investment Management) on their institutional
large-cap value team. In 2006, Brian founded Qubit Investments, LLC to launch an equity market
neutral fund. He later became the Director of Equity Research at Sturdivant & Co. and then Quoin
Capital, LLC in 2013 and 2020, respectively, which was prior to assuming his current role at Qubit
Research, LLC. Brian holds a BS degree in chemical engineering and a BS in economics from
Carnegie-Mellon University and has been a CFA charter holder since 1991.
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