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US-Equity Focused Research

At Trivariate Research we combine fundamental, quantitative, and macro analysis to produce actionable research, practical investment advice and analytically rigorous risk management for our clients.

Latest Research

Do You Know This About Small Cap Value?

We have a meeting every day where we are asked about small cap stocks. We have recently written about mega / large cap value (LCV) investing and compared large-to-small cap. value (SCV) investing for asset allocators. SCV stocks have cumulatively performed in line with (LCV) stocks since the Financial Crisis but have lagged the S&P500 materially since 2019. SCV

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Level Set – Value or Growth: Which Requires More Arrogance?

It Used to Be Easier for Value Investors For many years, value investors would buy dips in stock prices, believing in investment cycles, which translated to predictable mean-reverting profit margins and valuations for many value stocks. If a stock was in an industry where demand and supply are cyclical, investors could gauge changes in demand

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Level Set – Election 2024: What Data Can We Analyze?

29 Days to Go One of the most challenging subjects to write about for people who analyze US equities is politics. However, following the Vice-Presidential candidates’ debate this week, and our 45-minute Zoom conversation last Wednesday, October 1st with former five-term Congressman the Honorable Harold Ford Jr. (CLICK HERE, Passcode: I6ZvuMP%) we have received several

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When Should You Buy Small Cap Value?

Many cross-asset investors have been arguing they like small cap stocks over large cap stocks, citing extreme valuation and the Fed cycle as catalysts. Last week, we focused on large cap value stocks, arguing that they may have less upside given their lower beta, lack of Financials in the universe (if investors think rates will help),

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Level Set – China Stimulus Matters

This Week Is Better than Last Week When the China stimulus was announced this week, our initial reaction was that this is a new and incremental positive. Some investors have been waiting for a stimulus announcement for several quarters, so the timing this past week was surprising, and we have concluded the intervention is incrementally

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Did You Know This About Large Cap Value Investing?

With recent interest rate cuts, many investors are seeking insights on Mega/Large Cap Value (LCV) stocks. Our analysis dives into the current state of this sector, characterized by a number of viable investment options and significant changes in market dynamics. Changing LCV universe: The number of LCV stocks has dwindled to just 65, as the Financials

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OUR GOAL IS TO PROVIDE OUR CLIENTS WITH GREATER CLARITY AND CONVICTION

We help them do this by impacting their conviction on single stocks and improving their risk management by analyzing Fundamental, Quantitative, and Macro variables to create practical investment advice.

In a addition to our research, clients can request custom work to bolster their own investment decisions, augment letters, and marketing materials, or use our unique and proprietary quantitative engine to improve their risk management.

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An outline of our subscription tiers

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  • Access to all written research
  • Access to research library
  • Access to conference calls, webcasts, videos & podcasts
  • Limited access to the firm’s strategist, research analysts & sales team

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