The New Magic Formula: Further Testing And Evolution Of Optimal Model
Summary
The Quality Cash-Flow Formula (QCF) model, using ROCE and P/FCF, consistently outperforms the S&P 500 in backtests with a 15% ROCE threshold.
Description
The Quality Cash-Flow Formula (QCF) model, using ROCE and P/FCF, consistently outperforms the S&P 500 in backtests with a 15% ROCE threshold.
Original reporting
AFBytes is a read-only aggregator. Use the original source for full context and complete reporting.
Open original source