10 year results for Under and Overvalued Screens

September 30^th 2014 marks the end of the 10^th 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 99^th percentile and the 39^th 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)

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