Factors
Understand the four productivity dimensions and the quantitative framework behind Averdas company analysis.
Our framework examines four dimensions of corporate productivity: how companies use assets, run their operations, manage resources, and adapt to change.
Resilience Productivity
How companies adapt to changing conditions and maintain operating performance under pressure.
Resilience
Productivity
Resource Productivity
How effectively companies use energy, materials, and other resources to generate economic output.
Resource
Productivity
Process Productivity
How efficiently companies organize and run their business operations.
Process
Productivity
Asset Productivity
How effectively companies use capital and technology to generate economic output.
Asset Productivity
Multi Factor
After calculating each score, a multi-step procedure is applied to identify and select the best performing companies in terms of innovation-productivity, process-productivity, and resiliency. Step 2 builds on Step 1 by selecting the TOP 50 process-efficient companies from the TOP 100 innovation-efficient companies. In step 3 the TOP 20 performing resilient companies are matched with the TOP 50 of the identified companies after step 2. The remaining “spaces” are filled with the TOP 50 companies after step 2. This procedure ensures that the final selection embodies the best performing firms. This approach prevents over-reliance on any single factor while combining the benefits of growth, profitability, and stability.
Multi Factor
Why Productivity Matters
Demographic change, shifting supply chains, the energy transition, and debt-related constraints are reshaping the operating environment for companies.
Productivity analysis examines how businesses respond through the use of capital, technology, operational capabilities, and resources.
Demographic Change
Aging populations and changing labor availability can increase the need to use skills, technology, and capital more effectively.
Shifting Supply Chains
Trade restrictions and supply-chain fragmentation can change costs and operating requirements, making adaptability and efficient processes increasingly relevant.
The Energy Transition
Changes in energy systems and environmental requirements create investment needs and operational challenges. Resource productivity examines how companies use energy and materials.
Financing Constraints
Debt servicing and financing conditions can constrain investment, increasing the relevance of effective capital use and operational flexibility.
From Analysis to Investment Solutions
Productivity as the structural foundation for quantitative analysis and investment solutions.
Quantitative Investment Solutions
Rule-based factors, indices, and funds for institutional investors.
Averdas develops quantitative, rule-based investment solutions for institutional investors. These solutions are based on the Averdas Productivity Framework—a structured analysis of how companies use capital, processes, and resources and maintain their performance under changing conditions.
Indices
Explore rules-based productivity indices for defined equity universes.
Funds
Explore how the Averdas productivity approach is applied in equity investing.
Private Markets
Valuation expertise and venture investments in private markets.
In private markets, Averdas offers valuation expertise for illiquid assets and investments in companies that use productivity as a driver of growth.
Valuation
Explore our valuation expertise for venture investments and real estate portfolios.
Ventures
Explore our focus on private companies developing technologies and business models that improve productivity.
Making Productivity Measurable for Institutional Investing
Averdas analyzes companies through four productivity dimensions: asset, process, resource, and resilience productivity. The framework is designed to identify structural differences in how companies use capital, technology, operational capabilities, and resources and how they adapt to changing conditions.
These insights support the development of quantitative factors, indices, and investment solutions. The methodology describes an investment approach.
For Institutional Investors and Family Offices
Explore how Averdas productivity research, factors, indices, and fund solutions can inform equity analysis for asset owners, family offices, asset managers, and index partners.
Insurers
Productivity and resilience analysis to support a structured assessment of companies and equity investment universes.
Pension Funds
Quantitative, rules-based productivity research to inform long-term equity analysis and investment assessment.
Other Institutional Investors
A consistent framework for assessing company productivity across defined equity universes and changing economic conditions.
Family Offices
A productivity perspective on companies and equity investments, supported by quantitative research and relevant fund and index documentation.
Asset Managers & Index Partners
Factors, research, and index solutions for the further development of investment concepts.
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Our Partner Ecosystem
Explore the organizations involved in our research and investment ecosystem.
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