Wednesday, October 8, 2014

10 year results for Under and Overvalued Screens

September 30th 2014 marks the end of the 10th year of the monthly analysis of over 500 US equities.  Over all, the results have been good with the Undervalued list outperforming the S&P 500 by 4.72% per annum. The Overvalued under-performed the same index by 1.48% per annum.


Relative to Corequity’s universe, the Undervalued are 2.64% pa ahead while the Overvalued were behind by 3.56% pa for a spread of 6.20%.


In absolute terms, the Undervalued gained by 10.87 % pa while the Overvalued was up only 4.31%.  In the context of equity fund performance, this was the difference between the 99th percentile and the 39th for a spread of 60 percentiles in the ranking of over 300 US Equity funds tracked by the Globe & Mail for the 10 year period  ending in September. (All Corequity figures are based on price only)


robertlcolby@gmail.com