Performance Update
This charts updates the longer term performance of the Under and Overvalued screens. There is some improvement in the Undervalued and a distinct deterioration in the Overvalued after more than 2 years of relative out-performance. The following graph is a close up of the results since last April.
This shows the flat relative performance of the UV (+0.2%) screens vs a significant decline of -10.6% for the Overvalued.
Current Screens
The stocks are ranked by the relative strength (to the S&P) last month. At the top of the UV screen are undervalued stocks that did better than the market in November..
Conversely at the top of the OV list are the Overvalued stocks that did poorly.
Changes in the screens last month
In general we would expect equities leaving the UV list to outperform the market and vice versa, which is largely the case as shown here as is the opposite case for the OV.
robertlcolby@gmail.com
(c) 2014 Robert L. Colby
