Our unique technical and quantitative research methodology enables our team to deliver superior investment recommendations to our clients regardless of their investment style. Vermilion produces both U.S. and international, local currency, technical and quantitative research.
Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.
Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.
Technical analysis is the study of price and volume relationships as a means to gain insight into stock market and individual stock trends. The underlying premise of technical analysis is that investors’ perceptions toward a sector, group, or stock drive the supply and demand. A pattern of movement establishes a trend. Therefore, inflections or trend violations may occur and forecast changes in the direction of stock prices.
In a study of more than 10,000 actively managed equity and balanced funds, including about one-third of which employ technical analysis, authors Smith, Faugère, and Wang compared the investment performance of funds that use technical analysis versus those that do not using five metrics. They found that funds using technical analysis provided a meaningful advantage to their investors. Click here to read the full report.
Joseph W. Jasper, CFA
Joseph Jasper is the President of Vermilion Research and directs the day-to-day and strategic operations of the firm. Joe is a seasoned professional in the management, analysis and marketing of investment securities. He was previously a Managing Director and Director of Fixed Income Strategy and Marketing for a global investment bank. Joe spent the previous 20 years managing, structuring and selling fixed income and equity securities at several firms, including U.S. Bancorp Libra, Sit Investment Advisors and UBS PaineWebber.
Joe is a CFA charter holder, a member of the CFA Institute, the Twin Cities Society of Securities Analysts, and served as Adjunct Professor of Finance at the University of St. Thomas and the Graduate School of Business from 1997-2003. Mr. Jasper received his B.S.B.A. from Drake University and his MBA from St. Thomas University. Joe currently serves as Vice Chairman of the Board of Directors of MicroNet, Inc. and has served as a director or advisor to numerous companies.
David P. Nicoski, CMT
David Nicoski is Vermilion’s Chief Investment Strategist and is responsible for managing the firm’s research products and investment recommendations. David Nicoski was previously a Principal and Senior Technical Analyst in the Technical Research department of a global investment bank and has more than 20 years of technical research experience. At his prior employer, David’s responsibilities included assisting in the production and marketing of the Firm’s technical research products.
Mr. Nicoski attended college at the University of Minnesota in the Applied Business Program and the Carlson School of Management. Mr. Nicoski holds a Chartered Market Technician designation.
John Betz, CMT
John is a Global Technical Strategist for Vermilion and has oversight and responsibility for managing the firm’s international research products and technical strategy. John joined Vermilion in 2008 and is currently a candidate for the CFA designation.
John graduated from St. Thomas University with a Bachelor of Arts degree in Business Administration with a major in finance. John holds a Chartered Market Technician designation and is a member of the Market Technician’s Association and the CFA Institute.
Eric A. Anderson
Eric joined Vermilion in 2012 and is primarily responsible for equity research sales. Eric has ten years of institutional capital markets experience, having worked previously for Citi Corp's equity middle markets sales desk. Prior to Citi, Eric was a vice president of asset management with First Trust Portfolios in Chicago.
Eric graduated from the University of Minnesota-Duluth with a Bachelor of Business Administration degree, Financial Markets major. Eric currently sits on the UMD Financial Markets Investment Committee.
Drew joined Vermilion in 2013 as Director of Quantitative Systems with responsibility for Vermilion’s server infrastructure, data processing, and custom software. Drew has 35 years of industry experience, chiefly with Hewlett-Packard as a consultant for clients including BP, Fidelity, Norwest, and the US Postal Service.
Drew graduated from the University of Minnesota in Minneapolis with a Bachelor of Arts in psychology.
Vermilion Domestic Research Samples
Vermilion's domestic research is based on a sample of approximately 6,000 active U.S.-traded stocks, commodities, and ETFs. Stocks are analyzed in the context of 12 sectors and 450 groups based on 30-year weekly adjusted price histories.>
Vermilion's Vital Signs report ranks the most positive and negative domestic stocks, filtered by market-cap and trading volume, and then divided into sectors and groups. Vermilion reviews these charts for technical significance, calling attention to breakouts/breakdowns, sector/group themes, relative strength leadership changes, bottoms-up/top-down ideas, and important short-term patterns.
Vermilion's ETF Pathfinder delivers market themes along with actionable commentary. A recent report highlighted charts for ACWX, DFE, GDX, GLD, IWB, IWM, IYT, RHS, RYU, SPY, VGK, VOX, VWO, XLF, XLI, and XRT and focused on themes such as equities - domestic - broad indices; equities - domestic - specific sectors; equities - domestic - specific industries; equities - international; and bonds, commodities & currencies.
Vermilion International Research Samples
Vermilion's international research is based on a sample of approximately 5,000 active stocks traded around the world. Stocks are analyzed in the context of 12 sectors and 450 groups based on 30-year weekly adjusted price histories expressed in USD. In addition, international stocks are analyzed by sector and 7 regions (Asia/Pacific, Canada, China, Europe, Japan, Latin America, and Middle East/Africa).>
Vermilion International Compass contains market observations and global sector/group leadership commentary. A recent report focused on Europe, Japan and Emerging Markets while providing actionable sector commentary and and a review of themes emerging in Autos, Chemicals, Macau Casinos, Banks and Manufacturing.
Vermilion's Emerging Market Screen & Chart Book helps pinpoint leading stocks, weeding out lagging and stagnating trends. Stocks are selected via a simple filter, with only stocks trading within 5% of a 52-week relative strength high making the cut.
Take MN-5 ramp (left lane) toward ST. PAUL / MINNEAPOLIS Merge onto I-35 north toward Minneapolis Stay left into downtown taking the 5th Avenue exit Turn left onto 9th Street; then turn left again onto 2nd Avenue So. Vermilion is in the International/Oracle Building at 920 2nd Avenue South (between 9th and 10th Streets) Underground parking entrances will be on your rightTotal Est. Time: 12 minutes