Economy & PolicyExtended setlive in productionNew

Multinational Usd Translation

Updated weeklyData needs: mediumlong onlyshort onlylong short

1995

Choi, J. J., Prasad, A. M. (1995). "Exchange Risk Sensitivity and Its Determinants." Journal of International Business Studies, 26(1), 77-99.

Read the paper →

In plain terms

When the dollar weakens, multinationals (Apple, P&G, Coke) get a tailwind. When it strengthens, domestics win.

How it works

USD strengthening compresses earnings for FX-exposed firms via translation; proxy via rolling 60d own-return beta to DTWEXBGS.

Live results

8 times picked on its own · 70 times inside a blend (53 beat the stock) · updated 2026-06-06

This strategy is a frequent ingredient in blends that combine a few strategies on one stock. It has contributed to 70 such blended picks (53 of which beat simply holding the stock). Picking it on its own is only one of the ways it shows up.

How its picks scored vs. buy & hold

Each pick is graded on a recent year it was never tuned on, against simply owning the same stock

Where its edge concentrates

Share of picks in each company-size group that beat buy & hold

How often it trades

Active vs. patient. Bars on the left mean it waits for rare setups; bars on the right mean it trades often

Return vs. buy & hold

How much each pick beat or trailed simply owning the stock over the test year (extreme microcap moves trimmed)

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Data dependencies

Fred macro
A data feed this strategy reads, refreshed on its normal schedule.
Daily prices
Adjusted-close OHLCV for every US-listed ticker; primary price feed.

Expected edge

Reported return: ~2-4% annualized USD-conditional
Tested over: T+0 to T+60d

Choi-Prasad 1995 + Bodnar et al 2002: 2-4% annualized USD-conditional premium.

Example tickers where this is likely to fire

AAPL MSFT PG KO JNJ

Illustrative only, the signal fires based on the live data, not a fixed list.

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Explore Multinational Usd Translation on alphactor.ai

See which tickers this family is currently firing on, with live signals and rankings.

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