We improved the Piotroski F-score detailed section in our scorecard. It now displays the full detail behind the formulas of each underlying signal, improving transparency and confidence in the quality of our data.
The Piotroski F-score was designed to measure the overall profitability, funding and operational efficiency of companies. It is specifically useful to evaluate high book-to-market firms, which are typically companies in financial distress...[more]
In 2016 our European portfolio performed remarkably well. After the 55% rise in 2015, it increased 26% in value in 2016, bringing the FY alpha to a wonderful 27.2. Performance was also very good at an individual stock level with very few negative surprises...[more]
2016 is coming to an end...[more]
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. One position doubled in value and 2 positions showed a gain of 50% or more. 3 positions added close to 30% to their value and 2 positions gained between 10 and 20%. The average of the investments recommended during the 12 last months is 27%, not bad if you compare this to a 1.6% loss for the STOXX600...[more]