Q3 2020 Investment Commentary

Quantify The Risk

We calculate the risk of each individual asset in our portfolio to ensure we know exactly how it is behaving.

We analyze prices to determine movements and calculate statistics, such as correlation and volatility, that help us construct our risk value.

If risk is unknown, it cannot be managed. We are able to effectively manage risk by being able to quantify it.

Communication Services
Company	Ticker(s)	New Sector	Old Sector
Facebook	FB	Communication Services	Information Technology
Alphabet	GOOG/GOOGL	Communication Services	Information Technology
Activision Blizzard	ATVI	Communication Services	Information Technology
Electronic Arts	EA	Communication Services	Information Technology
Take-Two Interactive Software Inc.	TTWO	Communication Services	Information Technology
Twitter	TWTR	Communication Services	Information Technology
Walt Disney	DIS	Communication Services	Consumer Discretionary
Comcast Corporation Class A	CMCSA	Communication Services	Consumer Discretionary
Netflix	NFLX	Communication Services	Consumer Discretionary
Charter Communications Inc. Class A	CHTR	Communication Services	Consumer Discretionary
Twenty-First Century Fox Inc. Class A	FOXA	Communication Services	Consumer Discretionary
CBS Corporation Class B	CBS	Communication Services	Consumer Discretionary
Omnicom Group Inc	OMC	Communication Services	Consumer Discretionary
Twenty-First Century Fox Inc. Class B	FOX	Communication Services	Consumer Discretionary
Viacom Inc. Class B	VIAB	Communication Services	Consumer Discretionary
Interpublic Group of Companies Inc.	IPG	Communication Services	Consumer Discretionary
DISH Network Corporation Class A	DISH	Communication Services	Consumer Discretionary
Discovery Communications Inc. Class C	DISK	Communication Services	Consumer Discretionary
News Corporation Class A	NWSA	Communication Services	Consumer Discretionary
TripAdvisor Inc.	TRIP	Communication Services	Consumer Discretionary
Discovery Communications Inc. Class A	DISCA	Communication Services	Consumer Discretionary
News Corporation Class B	NWS	Communication Services	Consumer Discretionary
AT&T Inc.	T	Communication Services	Telecommunication Services
Verizon Communications Inc.	VZ	Communication Services	Telecommunication Services
CenturyLink Inc.	CTL	Communication Services	Telecommunication Services

Paritas Capital Management

Paritas Capital Management

A disciplined approach to investing.

Learn how Paritas’ Global Wealth Strategy can benefit your clients.

About the author: Douglas Hedley

Leave a Reply Cancel reply

Q3 2020 Investment Commentary

A disciplined approach to investing.

Learn how Paritas’ Global Wealth Strategy can benefit your clients.

About the author: Douglas Hedley

Leave a Reply Cancel reply

Quantify The Risk

We calculate the risk of each individual asset in our portfolio to ensure we know exactly how it is behaving.

We analyze prices to determine movements and calculate statistics, such as correlation and volatility, that help us construct our risk value.

If risk is unknown, it cannot be managed. We are able to effectively manage risk by being able to quantify it.

Optimize the Risk

We use the power of today's computers to calculate the optimal amount of capital needed to achieve a specific risk target for each asset.

The optimizer evaluates each asset in the portfolio and determines whether or not it is contributing the right amount of risk to the overall portfolio.

Allocate the Capital

We invest the assets in the portfolio according to the capital amounts calculated during our optimization.