Posts by A. Stotz Investment Research
FVMR Was the Best Investment Strategy for a Global Universe
In this Academic-Style Research we gearing on a global universe. We then tested to combine Fundamentals, Valuation, Momentum, and Risk factors into FVMR.
Read MoreCan a Price Momentum Strategy Generate Abnormal Returns?
In this Academic-Style Research we tested three-month price momentum on a global universe. We then tested to combine Fundamentals, Valuation, and Momentum.
Read MoreCan You Beat the Market by Investing in Low PE Stocks?
In this Academic-Style Research we tested a valuation factor, low PE, on a global universe. We then tested to combine this factor with a Fundamental factor, high improvement in asset turnover.
Read MoreCan Change in Asset Turnover Predict Future Return?
In this Academic-Style Research we tested a fundamental factor, change in asset turnover, on a global universe of stocks. Asset turnover is a measure of efficiency, the ratio analyzes how efficient a company is in the use of its assets.
Read MoreGearing Doesn’t Matter for Return
Does investing in low-gearing companies generate superior returns? We test this over 10 years on about 9,000 stocks globally. Unfortunately, the key to outperformance seems to be found elsewhere.
Read MoreMomentum Is a Good Start to Beat the Market
We test if investing in high momentum stocks can generate outperformance. We tested our hypothesis over 10 years on about 10,000 stocks globally. Momentum turns out to work quite well.
Read MoreDirt Cheap Stocks Are Too Risky
We test if investing in only low price-to-book companies can generate outperformance. We tested our hypothesis over 10 years on about 10,000 stocks globally. It seems to work for dirt cheap stocks, but when we adjust for risk the results change.
Read MoreInvesting Is Not Just Buying Highly Profitable Companies
We test if return on assets alone can generate outperformance. We tested our hypothesis over 10 years on about 10,000 stocks globally and couldn’t find support for it. In fact, the results indicate something else.
Read MoreHigh Profitable Growth Companies Saw Value Gains of ~10x the Market
A portfolio of high Profitable Growth companies outperformed the general stock market by 9x over the past 20 years. A portfolio of high Profitable Growth companies yielded the highest coincident return of 19% per year on average.
Read MoreWhat Is More Important, Profitability or Growth?
In this study, we decided to see whether profitability or growth had a greater effect on the value increase of a business.
We found that “High profitability” companies generated more than 2x the market return, and “high growth” companies returned more than 3x the market over the past 20 years.
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