N.B. Performance spread between UV and OV screens since inception (Sept 2004) is +5.90% pa
The first table summarizes the changes in the screens that occurred in the last two weeks
As you can see the Undervalued stocks that left the screen had relative performance of +6.65% while the two leaving the Overvalued declined an average of 6.16% relative.
Current undervalued list
Since starting the monthly screens Sept 2004, these stocks have outperformed the S&P by 4.66 pa or 2.46% better than our universe.
The same stocks organized by Sector
As is evident, the UV list has a major weighting in Energy which may remain a liability for a while.
Current Overvalued List
Since inception (Sept 2004) this monthly screen has underperformed the S&P by -1.27 % or -3.44% vs our universe of over 500 equities.
The same stocks by Sector
Here we see a big weighting in Consumer Cyclicals (see Home Building comment)
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