Search results
Results from the WOW.Com Content Network
The study also found that the magic formula could be improved by using operating cash flows instead of EBIT. [8] The strategy also outperforms the Indian stock market over the period July 2012 - Feb 2020, according to a 2022 paper. Over this period the average return was 13.9% of 30-stock Magic Formula portfolio versus 9.3% for the BSE Sensex. [9]
Joel Greenblatt (born December 13, 1957) is an American academic, hedge fund manager, investor, and writer. He is a value investor, alumnus of the Wharton School of the University of Pennsylvania, and adjunct professor at the Columbia University Graduate School of Business. He runs Gotham Asset Management with his partner, Robert Goldstein.
Based on a universe of US stocks, the Conservative Formula has produced an annualized return of 15.1% over the period January 1929 to December 2016, significantly outperforming the US market index by 5.8% per year. Moreover, this return has been achieved with lower volatility, resulting in a Sharpe ratio of 0.94 for the full sample period.
The Magic Formula looks for a yield higher than 10%. To find profitable companies, Greenblatt's Magic Formula seeks businesses that generate returns on assets (ROA) greater than 25%. In other ...
The Magic Formula looks for a yield higher than 10%. To find profitable companies, Greenblatt's Magic Formula seeks businesses that generate pre-tax returns on assets (ROA) greater than 25%. In ...
‘Magic Formula’ inventor’s firm releases fourth-quarter 2019 portfolio update Continue reading...
The Benjamin Graham formula is a formula for the valuation of growth stocks. It was proposed by investor and professor of Columbia University, Benjamin Graham - often referred to as the "father of value investing". [1] Published in his book, The Intelligent Investor, Graham devised the formula for lay investors to help them with valuing growth ...
For premium support please call: 800-290-4726 more ways to reach us