utilizing relativity in passive investing

The combination of relative value and AI powered momentum applied on existing index products creates a new sphere in passive investing. Optimized Indexing defines volatility intervals that limit tracking error and allow for systematic alpha while maintaining the cost advantage of index funds

Relative Value

AI Powered Momentum

Optimized Indexing

Product Strategy

Clemens Brugner, Msc

Clemens holds a master´s degree in economics from the Erasmus School of Economics and brings the practical experience to the company that he acquired during his time in the investment banking industry.

He most recently worked as an equity portfolio trader at UBS and was an investment banking analyst at the firm´s capital markets team prior to that.

Advisor

Jakob Steinbauer, PhD

Jakob earned his MSc in theoretical physics at ETH Zürich, and completed his PhD at École Polytechnique in Paris in 2019. Since then, he has been developing machine learning and NLP models for multiple firms.

Jakob currently also leads data science projects at UserGems, a San Francisco based tech company that specializes in sales intelligence software.

Clemens Brugner

25. Nov.1 Min. Lesezeit

Is the EU market just too realistic?

European and Japanese forward multiples seem to have more predictive value than their US peers. Over the 5-10 year horizon, high P/E...

0 Ansichten0 Kommentare

Forward multiples tend to be too optimistic in the US

Clemens Brugner

25. Nov.1 Min. Lesezeit

Forward multiples tend to be too optimistic in the US

US stocks are highly valued - and most should be - but historical forward multiples tend to overshoot over the medium time horizon, more...

1 Ansicht0 Kommentare

Clemens Brugner

4. Sept.1 Min. Lesezeit

US vulnerability to consumption

Beyond the Sahm-Rule: Despite the recent increase, unemployment remains near historic lows, however with an increasing dependency of GDP...

12 Ansichten0 Kommentare

Clemens Brugner

4. Sept.1 Min. Lesezeit

Mean-reversion vs Momentum

We looked at equity return characteristics across major markets. Considering monthly data mean-reversion 🔀 seems to be more prominent...

7 Ansichten0 Kommentare

Investors are aggressively buying tech selloffs

Clemens Brugner

31. Juli1 Min. Lesezeit

Investors are aggressively buying tech selloffs

Risk further concentrates as traders buy dips more aggressively. Following the recent weakness in US equities inflows into leveraged tech...

8 Ansichten0 Kommentare

Four decades of debt fueled growth and rising equity prices

Clemens Brugner

30. Juli1 Min. Lesezeit

Four decades of debt fueled growth and rising equity prices

Analogously to Smolyansky 2023, “The End of an Era”, suggesting significantly lower profit growth and stock returns in the future amid...

4 Ansichten0 Kommentare

Clemens Brugner

3. Okt. 20232 Min. Lesezeit

An excerpt of Soros´reflexivity

I can state the core idea in two relatively simple propositions. One is that in situations that have thinking participants, the...

28 Ansichten0 Kommentare

clemensbrugner@outlook.de

Disclaimer

This webpage is intended for informational purposes only and does not constitute financial advice or a solicitation to buy or sell securities. Relativity Dynamics does not operate as a licensed wealth or investment management firm.