Does the magic formula work?
Does the magic formula work?
(via www.contrarianvalueinvesting.com)
Ever since its release, much has been written whether or not Joel Greenblatt’s “Magic Formula” works. Joel Greenblatt has consistently said that results should be measured over time and every once in a while there would be stretches where the magic formula does not work.
Greenblatt Scan
http://members.cox.net/econisvoodoo/piotroski/greenblatt.TRADEDUS.GL.AC.html
In case you haven't seen it before. It's a little annoying to always have to log in on the magic formula page.
I can believe my eyes, it
I can believe my eyes, it ranks the stocks for you!!!
On logging in, why not click the "remember me" button
http://www.contrarianvalueinvesting.com/
Holy Smokes!
That's pretty cool I must say. Glancing at it though, it's got quite a few stocks that aren't in the Magic Formula:
TRMS, ACTG, ZINC, MCO, ...
Wonder why?
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Adding fundamental analysis to a winning
value stock strategy.
www.magicdiligence.com