New stock portfolio tracker available
Subscribers to our newsletter know that we use a few key reports to monitor our portfolio.
Latest news
2021: +19.4%
It has been another fantastic year for our newsletter members!
YTD performance: +22.4%
In July, the STOXX600 was able to gain 220 basis points, finishing with a YTD return of 15.7%.
ValueSignals 5 is live!
As you will have noticed, we moved a new version of ValueSignals to production.
Q1: +12.8%
After many years of underperformance (growth outperformed value by more than 2:1 since 2010), value stocks seem to be catching up.
Roaring kitty
The month of January was marked by a new phenomenon.
9 out of 10!
In 2020 our portfolio put down another fantastic performance and is now at a record high of +586.5% TWR.
Another very profitable year for our members
November was a great month for investors in general, and our members haven't been disappointed either.
Make ValueSignals outperform again!
while the portfolios of other value investing newsletters continued to struggle, the ValueSignals model portfolio is on track to beat the market again.
Performance boost
As you might have noticed, ValueSignals has gotten a lot faster recently.
New data processing engine live now!
At ValueSignals, our primary concern has always been data quality.
And the winner is ValueSignals!
We started our newsletter almost 10 years ago to demonstrate that our screener is a great tool to beat the market.
Gross profitability available in the scorecard
A high gross profitability ratio is evidence that a company has a sustainable competitive advantage.
Backtesting
A question we get asked quite often is: do you have a point-in-time database, and do you allow backtesting?
The new screener is live
I'm proud to announce that we released a major upgrade to our screener and scorecard.
A year full of surprises
2018 has been a year full of surprisesAfter beating the STOXX600 for 7 years in a row with a comfortable margin, our European portfolio underperformed.
Create your own O'Shaughnessy-style factor!
We've introduced quite a few composite factors to our stock screener over the years.
Merry Christmas!
What a year it has been!
Europe +22.9%, North America +19.5%
After the decline in August, the European indices recovered during the month of September.
An improved Magic Formula based on academic studies
Did you know that there's a version of the Magic Formula that significantly outperforms the latter by using a different quality and price metric?
A brand new formula for conservative investors
Did you know you can beat the market by investing in low-risk stocks?
Bring your own composite factor!
Our goal at ValueSignals has always been to allow any investor - from novice to expert - to implement powerful quantitative models with very little effort.
European newsletter portfolio YTD return +20.2%
In May our European portfolio kept up the good work and added a staggering 770 basis points.
ValueSignals in action in Finland
Finnish value investors have been using our website from the get-go and today our stock screener is still very popular in Finland.
ValueSignals subscriptions now available in US dollar
Our stock screener is now widely adopted in the US, with more than 25% of our customers based there.
European newsletter portfolio YTD return +13.9%
Our European portfolio put down another great performance in April.
New and improved export to Excel
It has always been our goal to help people implement complicated quantitative models with very little effort.
Where is my company?
Our stock screener allows you to create a wide range of screens.
Our Piotroski F-Scorecard now shows detailed calculations!
We improved the Piotroski F-score detailed section in our scorecard.
European newsletter portfolio 2016 FY return : +26%
In 2016 our European portfolio performed remarkably well.
Happy New Year
2016 is coming to an end.
27% gain on average
Did you know that of the 12 positions we added to the European portfolio during the last 12 months, only 2 showed a small loss.
On track for 7 wins in a row
While the STOXX600 continued its downward trend and ended October at -7.3%, our European portfolio maintained its upward course by adding 560 basis points.
Try our brand new magic formula investing scorecard!
The Magic Formula has been featured in the scorecard for quite some time, but we never really added any additional insights.
This inverted Earnings Yield will improve your models
One of the most popular ratios in our screener has to be the Earnings Yield ratio.
ValueSignals, the genuinely dynamic stock screener
One of the most common questions we get asked by our new members is: why does your trending value screen show stocks with a VC2 above 10?
New! Share your news and insights!
The ValueSignals community is growing faster as word of mouth is spreading, and a growing number of investors move from gut feeling investing to a more systematic, quantitative style of investing.
Our stock screener just works!
Despite the many warning signs at the end of April, the markets continued their upward trajectory.
Malaysian stocks available now!
As from this weekend we have loaded all 912 stocks listed on the Kuala Lumpur Stock Exchange.
Discover the formula behind each measure
Over the last few months, we invested quite a bit of time making sure that our glossary is up to date with not only the formula behind each measure but also the reason why we included it in our screener.
Our Greenblatt Magic Formula is dynamic now!
We made another change to our Greenblatt Formula that brings it even close to the results listed on Magic formula investing.
ValueSignals used in renowned IIFT training course
Just wanted to draw your attention to a new training course offered by the renowned Institute of Investing & financial trading.
European newsletter portfolio 2016 Q1 return: -1.9%
After the turbulence during the first 2 months, the STOXX600 didn’t show any significant fluctuations in March.
Quotes and results refreshed daily!
Members will have noticed that we gradually implemented important changes to our loaders during the past few weeks.
Greenblatt Magic Formula Improved!
We're proud to announce a significant improvement to our magic formula.
New! Beneish M-Scorecard available now
We just released a new detailed report in our scorecard: the Beneish M-Scorecard.
European newsletter portfolio 2015 FY return: 49.6%
In December, the European markets showed a significant decline.
New GICS Treeview available now!
Whilst we were updating our glossary, we introduced a nice new feature to our stock screener.
Updated Glossary available now!
There have been many changes to the stock screener lately, and we introduced quite a few new measures in the scorecard.
New scorecard user manual
It's only been a couple of weeks since we launched our scorecard, and it seems to be a big success.
New stock screener manual out now!
We really put a lot of effort into making our new screener as simple as possible, so many users have been using it successfully without ever requiring a user guide.
New Valuesignals Scorecard available now!
We're very excited to announce a brand new scorecard feature that brings the most important factors together in a single page.
European newsletter portfolio up 45,4% YTD!
During November, the markets kept up the momentum.
Value Stock Screener 3.0 available now!
After many months of hard work, we finally released the new version of our value stock screener.
European portfolio +31,6% YTD
In October, the stock markets had their best month in 4 years.
Top 15 Magic Formula stocks with high Piotroski F-Score in North America
In the past 2 articles, we looked at the 2 most popular screens.
Top 15 Greenblatt Magic Formula Stocks North America
In North America, the Greenblatt Magic Formula is still our most popular screen.
Top 15 Piotroski f-score stocks Western Europe
The Piotroski screen remains one of our most popular screens.
Q3 Portfolio Update
Our European portfolio again performed exceptionally well during the last month.
New domain name and logo
From now on, We will market your favorite value investing screener and newsletter under the valueSignals brand name.
Alpha in Europe = 17,3
The month of June has been quite volatile.
European portfolio +30,8% YTD, North America +3,8%
The month of June was quite volatile, but our portfolio put down a solid performance.
European portfolio +28,8% YTD, North America +3,9%
In May, the European markets put down an excellentperformance.
Value Investing in Israel
According to Ori Eyal, manager of the EVCM fund and protege of Guy Spiers, it's a great time to invest in Israel.
BRIC and Eastern European countries added!
After adding India a few weeks ago, we now added Russia, Brazil and China to complete the BRIC countries.
Double alpha in Q1
What an exceptional first quarter it was.
Our stock screener now covers Indian stocks
A few weeks ago, we took some important steps to improve our database.
European portfolio +19,7% YTD, North America +4,2%
The STOXX 600 moved up from a gain of 8,7% in January to14,5%.
European portfolio +9,4% YTD, North America +0,4%
The European markets got off to a solid start in 2015.
European portfolio vs market, 5 - 0
After the great returns in 2013 (+39,7% for the European portfolio and +43,2% in North-America) the markets started the year at a generally overvalued level.
Enhanced dividend yield screen available now
We just launched a new screen that allows everyone to build a fixed income strategy based on a quantitative investment model based on stocks instead of bonds.
Enjoy the new site!
After many months of work we have released the new version of the site.
Reverse your DE
Do you have the tendency to sell your winners too early and ride losers too long?
Which magic formula is the most popular
(Intro from the June 2014 edition of the systematic value investor newsletter)Over the past 5 years we gathered quite a few screens and ratios.
Coming Soon! → South Korean stocks
South Korea has been one of the most successful economies over the last 20-30 years.
How to detect earnings manipulation and to avoid a permanent loss of capital
After all, you only find out who is swimming naked when the tide goes out.Warren Buffett There a basically two main reasons for a total loss of capitalcompanies that are cooking the books; financial statements manipulation and fraud bankruptcyIn most cases these risk are frequently found together.
Find bargains in Hong Kong now with Valuescreeners
We have added the Hong Kong stocks exchangeto our ValueScreenersquantitative platform.
Use our screeners to find bargains in New Zealand!
60 Years ago on 29 May 1953, Sir Edmund Percival Hillary and Nepalese Sherpa mountaineer Tenzing Norgay became the first climbers confirmed as having reached the summit of Mount Everest.
External Finance Ratio - helping to find shareholder yield or value
Dear investors,The following article appeared in the 1 march 2013 issue of the Systematic Value Investor newsletter.Sign up hereto receive four investment ideas based on the best long term investment strategies we have tested.New – External Finance RatioIn this article I want to tell you about a ratio we have also added to the screener called the External Finance Ratio (EFR).
Cambria Shareholder Yield ETF
Mebane Faber (Cambria) has launched an interesting ETF today : ->The Cambria Shareholder Yield ETF is an actively managed fund that employs the manager's quantitative algorithm to select U.S.
Gross Income Ratio, a better quality ratio
The following article appeared in the 1 April 2013 issue of the Systematic Value Investor newsletter.Sign up hereto receive two investment ideas based on the best long term investment strategies we have tested.Back to the article.Do you think that the quality of a business makes any difference in terms of returns compared to only buying undervalued companies?It doesn't, but we may have found a quality ratio that helps.As you know, our experience testing quality ratios in our book Quantitative Value Investing In Europe: What Works for Achieving Alpha has been mixed.It doesn't workReturn on invested capital and return on assets as single factors weren't good predictors of future returns.Even though high-quality companies did do better than junk companies using both ratios, the results were not linear, and choosing only high-quality companies would not have helped you to outperform the market consistently.
New paper - Quantitative Value Investing in Europe, what works for achieving alpha
We published a brand new paper.
New KPI : Value Factor One - Backtest
The problem with single-factor valuation ratios is that they move “in and out of favor” and can significantly underperform the overall market over any given 10-year period despite their long-term outperformance.The solution ?A valuation factor that uses a few valuation measures overcomes this problem by giving you a list of undervalued companies based on a few valuation measures and thus more consistent returns.The use of a “value composite” to measure undervaluation rather than using the single valuation ratio of, for example, price-to-sales or book to market.O’Shaughnessy found that stocks selected based on the value composite outperformed stocks scoring highest on any single value factor 82% of the time in all 10-year rolling periods between 1964 and 2009.
17,4 pct better than the index for the year to date
Dear Fellow Investor.
Utility of Piotroski F-Score for predicting Growth-Stock Returns
Over the course of the last decades, the analysis of structural reasons for equity out- or underperformance has been a widely discussed academic topic.
Quantitative Long - Short Investing (2)
In response to many questions from the Short Selling Blog:The screen featured in the article can be described as follows:US companies with a market capitalization greater than one billion dollars and with a 20-day average trading volume greater than 100,000 shares.These companies are less volatile than their smaller brethren and much more likely to be borrowable.ADRs are excluded.
Quantitative Short Selling, Why Bother
Many professionals sell short a stock in order to make a profit just as they do with their long portfolios.However, that is not the primary focus of our short portfolio.Because the market (eg a long tracker) gives you 6+% per annum (if you stay in it long enough), a short portfolio has to generate a 6+% excess return just to break even.And that is not including trading expenses, which are greater for short selling than normal long trading.That is quite a headwind to sail against!On the plus side, because most equity investors are long-only, there may be more mispricing opportunities to take advantage of.So most investors should back off now and concentrate on their long portfolios.But a very small number of mechanical equity investors may be interested in this portfolio for asset allocation and diversification purposes.
The ideal holding period for an equity portfolio
As a quantitative value investor, I‘ve always struggled with the question of how long I should keep stocks in my portfolio and when I should sell these securities.
Exciting new features - save to favorites and template stock screens
We launched a new version over the weekend with a couple of exciting new features.Save your favorites.
MFIE launches new HTML5 stock screener, Valuescreeners 2.0
At MFIE Capital, our objective is to help you implement a systematic long-term investment strategy that works.
MFIE finishes 10th in the investors competition ('beleggerscompetitie')
We participated in the annual 'investors competition' (beleggerscompetitie).
What happens if the stock never closes its gap to fair valuation and stays cheap forever
If you have been a value investor for some time, I am sure you once had to explain value investing to a novice.
ROIC, the underrated factor
If you happen to be interested in asset management, chances are that you have heard about the concept of factor returns.
Why isn’t everybody doing it
This post is all about how to survive a bar conversation as a banker these days.I happen to be a banker and my friends happen to know that I am a banker.
New features in Value Screeners
This new factor - together with the other momentum factors (price index 12 months and price index 6 months) - in our Value Screener grid indicates a truth about investing that is difficult to understand: the investor should buy into strength and sell into weakness.
Join our affiliate program!
We just launched our affiliate program, more details on http://www.valuestockscreener.com/Affiliates.
Our newsletter now adds 2 North-American stock tips!
We just launched our affiliate program.
MFIE Capital and VFB combine Valuescreeners and NAIC
On the 3rd of December, MFIE Capital will join the VFB for the 'NAIC en fundamentele analyse dag'.
Short selling, not for everyone!
Short selling (also known as shorting or going short) is the practice of selling shares that have been borrowed from a broker with the intention to repurchase these shares at a later date to return to the broker.
Piotroski backtesting results available, 525pct return between June 1999 and now!
We just completed backtests on our Piotroski price-to-book screener using our proprietary backtesting tool.
Greenblatt Magic Formula, always read the leaflet before using it!
I sometimes wonder whether some financial newspapers are really adept at explaining what's really going on in the world.
“Old - Value” school
One of the remains of the Graham-Newman era (except Warren Buffet himself ) is Tweedy, Browne Company LLC.Founded in 1920, Buffets favorites’ stockbroker, was located at 52 Wall Street, in the same building as Ben Graham had once worked.
Can Europe's short selling ban make things worse
Short selling is a way to profit from falling prices.
ERP5 Best Selection backtesting results available!
We just completed backtests on our ERP5 Best Selection screener using our proprietary backtesting tool.
We're all going to die
Benjamin Franklin first stated that the only two certainties in life are death and taxes.
If value investing works so well, why isn't everyone using it
Many studies prove that value investing works and performs better than other strategies.
What is Value Investing
Our Mission Statement !What is the MFIE investment strategy?
Some ideas from the Value Investing seminar in Molfetta
As promised in our last post, here below some comments from our visit to this seminar.Our general impression from the speakers is that finding "deep value" stocks has become more difficult than a few years ago.The suggested ideas show a smaller margin of safety compared to earlier years.
8th Annual Value Investing Seminar in Molfetta
Next week, our team will attend the 8th Annual Value Investing Seminar in Molfetta.http://www.valueinvestingseminar.it/content_/index.asp?lan=engTop valueinvestors from the United Statesand Europe will present their very bestinvestment idea, a great opportunity to meet, share ideas and learn from someof the world’s most successful money managers.Confirmed speakers this year include:WHITNEY TILSONT2 PARTNERS LLC, USA GLENN TONGUET2 PARTNERS LLC, USAJOSH TARASOFFGREENLEA LANE CAPITAL, USALLOYD KHANERKHANER CAPITAL LP, USAORI EYAEMERGING VALUE CAPITALMANAGEMENT (EVCM), USASAHM ADRANGIKERRISDALE CAPITAL MANAGEMENT, LLC, USATOM RUSSOGARDNER RUSSO & GARDNER, USAFERNANDOBERNARDBESTINVER, SPAINBORIS V.
Welcome to our new value investing site!!
It's now already more than three years since MFIE launched its first screener.