ab 20 August 2025 Global Research Global Equity Strategy Quantitative Framework and Positioning Each month, we update the three key parts of our quantitative framework: 1) Scorecards − Our individual scorecards rank sectors based on valuations, sensitivity to our UBS macro scenario, earnings momentum, price momentum (where extreme), positioning and quality fundamentals. The composite scorecard combines all these factors into one overall score. 2) Earnings versus Trend − We look at the EPS versus trend to ev ...