StarMine Monthly Performance Report – August 2025

Market Performance

Performance was positive across all regions in August on an equal-weight basis.  China, Canada, and U.S. had the strongest performance with prices rising by 12.8% and 8.3% respectively. Developed Europe U.K. saw prices rise by only 1.8% and 1.2% respectively.

Long-Short Performance

Looking at top-bottom decile spreads, Price Momentum (PMO) saw the greatest breadth for the second consecutive month, with positive decile spreads in many regions and countries covered in this report.  Combined Alpha Model (CAM) also saw strong breadth with positive decile spreads in most regions except for Australia, U.K., Canada, and India. On a regional basis, Singapore, Japan, and Brazil showed the strongest breadth.

Relative Value and Intrinsic Value had the highest information coefficients (IC’s) in U.S., Developed Europe, U.K., Australia, and Japan, with IC’s exceeding 0.19 in the U.S.

Long-Only Performance

U.S., Canada, Developed Europe, Developed Asia ex. Japan, Hong Kong, Japan, Emerging Markets, Brazil, and Taiwan all  showed positive top decile performance across all models.

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