Asset Rating

Kivalia’s asset rating rank an asset along two dimensions – how it is performing within its primary sector, and how the sector is performing against the broad U.S. stock market.

Thus, you can readily separate investments that are truly out–performing from those that are being carried along by a strong sector tailwind.

Letter rating

Our letter rating captures how the fund, ETF, or stock has performed within its best fit category over the past year.

Kivalia Asset Ratings - within an asset's "best fit" sector

(measured on an after-fee, risk-adjusted basis)

Asset Rating	Lower Cutoff	Upper Cutoff
A	+3%	NA
B	+1%	+3%
C	-1%	+1%
D	-3%	-1%
F	NA	-3%

Sign rating

Our sign ratings (++, +, -,- -) express the momentum of the asset’s best fit category against the overall U.S. market over the past year.

Kivalia Sector Ratings - against the broad U.S. Stock Market

(measured on an after-fee, risk-adjusted basis)

Sector Rating	Lower Cutoff	Upper Cutoff
++	+3%	NA
+	+1%	+3%
	-1%	+1%
-	-3%	-1%
--	NA	-3%