New stock portfolio tracker available
Subscribers to our newsletter know that we use a few key reports to monitor our portfolio.
Subscribers to our newsletter know that we use a few key reports to monitor our portfolio.
It has been another fantastic year for our newsletter members!
In July, the STOXX600 was able to gain 220 basis points, finishing with a YTD return of 15.7%.
As you will have noticed, we moved a new version of ValueSignals to production.
After many years of underperformance (growth outperformed value by more than 2:1 since 2010), value stocks seem to be catching up.
The month of January was marked by a new phenomenon.
In 2020 our portfolio put down another fantastic performance and is now at a record high of +586.5% TWR.
November was a great month for investors in general, and our members haven't been disappointed either.
while the portfolios of other value investing newsletters continued to struggle, the ValueSignals model portfolio is on track to beat the market again.
As you might have noticed, ValueSignals has gotten a lot faster recently.
At ValueSignals, our primary concern has always been data quality.
We started our newsletter almost 10 years ago to demonstrate that our screener is a great tool to beat the market.
A high gross profitability ratio is evidence that a company has a sustainable competitive advantage.
A question we get asked quite often is: do you have a point-in-time database, and do you allow backtesting?
I'm proud to announce that we released a major upgrade to our screener and scorecard.
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.
We've introduced quite a few composite factors to our stock screener over the years.
What a year it has been!
After the decline in August, the European indices recovered during the month of September.
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?
Did you know that you can beat the market by investing in low-risk stocks?
Our goal at ValueSignals has always been to allow any investor - from novice to expert - to implement powerful quantitative models with very little effort.
In May our European portfolio kept up the good work and added a staggering 770 basis points.
Finnish value investors have been using our website from the get-go and today our stock screener is still very popular in Finland.
Our stock screener is now widely adopted in the US, with more than 25% of our customers based there.
Our European portfolio put down another great performance in April.
It has always been our goal to help people implement complicated quantitative models with very little effort.
Our stock screener allows you to create a wide range of screens.
We improved the Piotroski F-score detailed section in our scorecard.
In 2016 our European portfolio performed remarkably well.
2016 is coming to an end.
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.
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.
The Magic Formula has been featured in the scorecard for quite some time, but we never really added any additional insights.
One of the most popular ratios in our screener has to be the Earnings Yield ratio.
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?
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.
Despite the many warning signs at the end of April, the markets continued their upward trajectory.
As from this weekend we have loaded all 912 stocks listed on the Kuala Lumpur Stock Exchange.
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.
We made another change to our Greenblatt Formula that brings it even close to the results listed on Magic formula investing.
Just wanted to draw your attention to a new training course offered by the renowned Institute of Investing & financial trading.
After the turbulence during the first 2 months, the STOXX600 didn’t show any significant fluctuations in March.
Members will have noticed that we gradually implemented important changes to our loaders during the past few weeks.
We're proud to announce a significant improvement to our magic formula.
We just released a new detailed report in our scorecard: the Beneish M-Scorecard.
In December, the European markets showed a significant decline.
Whilst we were updating our glossary, we introduced a nice new feature to our stock screener.
There have been many changes to the stock screener lately, and we introduced quite a few new measures in the scorecard.
It's only been a couple of weeks since we launched our scorecard, and it seems to be a big success.
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.
We're very excited to announce a brand new scorecard feature that brings the most important factors together in a single page.
During November, the markets kept up the momentum.
After many months of hard work, we finally released the new version of our value stock screener.
In October, the stock markets had their best month in 4 years.
In the past 2 articles, we looked at the 2 most popular screens.
In North America, the Greenblatt Magic Formula is still our most popular screen.
The Piotroski screen remains one of our most popular screens.
Our European portfolio again performed exceptionally well during the last month.
From now on, We will market your favorite value investing screener and newsletter under the valueSignals brand name.
The month of June has been quite volatile.
The month of June was quite volatile, but our portfolio put down a solid performance.
In May, the European markets put down an excellentperformance.
According to Ori Eyal, manager of the EVCM fund and protege of Guy Spiers, it's a great time to invest in Israel.
After adding India a few weeks ago, we now added Russia, Brazil and China to complete the BRIC countries.
What an exceptional first quarter it was.
A few weeks ago, we took some important steps to improve our database.
The STOXX 600 moved up from a gain of 8,7% in January to14,5%.
The European markets got off to a solid start in 2015.
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.
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.
After many months of work we have released the new version of the site.
Do you have the tendency to sell your winners too early and ride losers too long?
(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.
South Korea has been one of the most successful economies over the last 20-30 years.
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.
We have added the Hong Kong stocks exchangeto our ValueScreenersquantitative platform.
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.
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).
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.
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.
We published a brand new paper.
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.
Dear Fellow Investor.
Over the course of the last decades, the analysis of structural reasons for equity out- or underperformance has been a widely discussed academic topic.
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.
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.
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.
We launched a new version over the weekend with a couple of exciting new features.Save your favorites.
At MFIE Capital, our objective is to help you implement a systematic long-term investment strategy that works.
We participated in the annual 'investors competition' (beleggerscompetitie).
If you have been a value investor for some time, I am sure you once had to explain value investing to a novice.
If you happen to be interested in asset management, chances are that you have heard about the concept of factor returns.
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.
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.
We just launched our affiliate program, more details on http://www.valuestockscreener.com/Affiliates.
We just launched our affiliate program.
On the 3rd of December, MFIE Capital will join the VFB for the 'NAIC en fundamentele analyse dag'.
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.
We just completed backtests on our Piotroski price-to-book screener using our proprietary backtesting tool.
I sometimes wonder whether some financial newspapers are really adept at explaining what's really going on in the world.
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.
Short selling is a way to profit from falling prices.
We just completed backtests on our ERP5 Best Selection screener using our proprietary backtesting tool.
Benjamin Franklin first stated that the only two certainties in life are death and taxes.
Many studies prove that value investing works and performs better than other strategies.
Our Mission Statement !What is the MFIE investment strategy?
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.
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.
It's now already more than three years since MFIE launched its first screener.