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An Effective Tool for Risk Management

While useful as a generator of short sell ideas,  Voyant Advisors also provides long-only equity managers with an indispensable tool for managing risk within their portfolios.   Despite the abundance of traditional equity research available to portfolio managers, few reports provide an objective viewpoint on company-specific risks to cash flow, earnings, or competitiveness.  Voyant Advisors specializes in identifying these risks through an analysis of working capital, soft asset quality, internal controls, and accounting policy changes.

This unique approach provides clients with early warnings of business deterioration, competitive landscape challenges, and operational inefficiencies, that could be precursors to future earnings disappointments and signficant share price underperformance.

Working Capital Analysis

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Voyant Domestic Voyant Advisors
Voyant Advisors is led by several seasoned investment research professionals that perform in-depth accounting policy and working capital analysis to assess the validity and reliability of the earnings, cash flow and financial position reported by public companies listed in the U.S. The research provides rigorous analysis of companies that exhibit signs of potential fundamental business deterioration, competitive landscape challenges, and/or operational inefficiencies that may be precursors of future earnings disappointments. Voyant Advisors employs a unique systematic three stage research process to identify companies exhibiting a high risk of underperformance. On a monthly basis, clients receive 2 to 3 comprehensive initiation reports on companies in which Voyant Advisors believes to have a high probability of underperforming over the next 1 to 3 quarters. Voyant Advisors also provides a monthly "Balance Sheet Watch" highlighting 4 to 6 companies exhibiting an elevated risk of near term underperformance.


Voyant Global Voyant Advisors
Academic evidence has established that opportunistic earnings manipulation is more pervasive and financial statement quality is generally poorer outside the United States. Through an analysis of internal control weaknesses, accounting policy changes, and working capital, Voyant Global seeks to identify foreign companies that are poised for significant share price underperformance. The combination of an accruals-based quantitative process followed by in-depth accounting policy and working capital analysis routinely highlights deteriorating situations long before they become apparent to the rest of the Street. The universe includes over 4,500 global companies with market capitalizations in excess of $1 billion. The primary markets of focus are the United Kingdom, Germany, France, Sweden, Japan, Hong Kong, China, and India.


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