Christos,
Welcome to your education.......
There is a bloke called Joel Greenblatt who has done reasonably well by using nothing but past data. Indiscriminate purchasing (and selling after 12 months) based purely on last years' earnings/ROIC has given him unbelievable results in US stocks.
I did a very big analysis using his magic formula with historical aussie data going back 15 years. It beat the market by 14% p.a. during a time period that wasn't very favourable for the application of the formula.
I then began applying his formula. Did it for a year (got about 7% market got 1%) and then I abandoned it.
When I come into some money (probably in 20 years) I'll do it again.
"How does it meet BG's criteria"??? It meets it on 5 year earnings yield.
A Contrarian Buy, page-70
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Last
86.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $719.5M | |||
| Open | High | Low | Value | Volume |
| 87.0¢ | 90.0¢ | 86.0¢ | $2.607M | 2.975M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20236 | 85.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 87.0¢ | 15317 | 2 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| MYR (ASX) Chart |