backtests
India's high risk-free rate (6.5%) sets a strict 9.5% earnings yield threshold. NSE yield gap stocks returned 10.68% CAGR vs 11.40% for Sensex — trailing the local index by 0.72% annually but beating SPY by +3.04% over 19 invested years.
backtests
We ran the yield gap strategy on Stockholm Stock Exchange stocks from 2000 to 2025. The result: 10.61% CAGR vs 2.95% for OMX Stockholm 30 (+7.66% excess), with a 76% annual win rate against the local index.
backtests
We tested the yield gap strategy on London Stock Exchange stocks from 2000 to 2025. The UK delivered 11.29% CAGR vs 7.64% for SPY — the highest excess return across all 20 markets in our study, and +10.43% annually above the FTSE 100.
backtests
We screened for US stocks where earnings yields significantly exceed government bond rates and ran the backtest from 2000 to 2025. The strategy delivered 8.60% CAGR vs 7.64% for SPY, with notably better bear market behavior.
backtests
The Oversold Quality strategy on Chinese A-shares (SHZ+SHH) delivered 6.73% CAGR vs 4.19% for the SSE Composite over 25 years. One of only two exchanges in our global series where the strategy beats the local benchmark outright.
backtests
We tested the Oversold Quality strategy (Piotroski >= 7 + RSI < 30) on 16 stock exchanges. China beats SSE Composite by +2.54%, Germany beats DAX by +0.33%. The other 14 underperform their local benchmarks. Cash rates and market volatility explain the variation.
backtests
Oversold Quality on German XETRA stocks: 5.45% CAGR, +0.33% above the DAX, Sharpe 0.18, and only 44.7% down-capture. The only exchange in our 16-exchange series where the strategy beats the local benchmark outright.
backtests
We combined Piotroski quality scores with RSI oversold signals and tested it on 25 years of US market data. The strategy underperforms SPY overall but shows clear defensive characteristics in bear markets.
backtests
The TSX isn't the S&P 500. Energy companies, banks, and miners dominate Canada's index. They trade cyclically. When commodity prices fall, quality resource stocks hit 52-week lows. When the cycle turns, they recover. This backtest ran from 2002 to 2025 to see whether a
backtests
China's equity markets are retail-dominated, sentiment-driven, and structurally disconnected from the fundamentals of individual companies. That makes them a strange testing ground for a quality-filtered 52-week low screen. The result is better than you'd expect. Contents 1. Method 2. What We Found 3. Year-by-Year 4. China&
backtests
The strategy is straightforward: buy financially healthy stocks that are near their annual lows, wait for them to recover, rotate quarterly. Simple premise. The question is whether the premise holds globally or just in certain market structures. Contents 1. Method 2. What We Found 3. Why Japan and Germany Work
backtests
A $10,000 investment in 2002 following this strategy on the Hong Kong Stock Exchange was worth $5,472 by end of 2025. That's a 45% nominal loss over 24 years, not accounting for inflation. Contents 1. Method 2. What We Found 3. Year-by-Year 4. Why Hong Kong