debt reduction

Growth of $10,000 invested in the Deleveraging strategy vs S&P 500 from 2001 to 2025, US stocks.

debt reduction

Deleveraging as a US Stock Signal: A Regime-Dependent Strategy That

We backtested companies actively paying down debt on US stocks over 25 years. Pre-2013, the signal added real value. Post-2013, it became a drag of nearly 10 percentage points per year. Understanding the switch matters more than the headline CAGR. Contents 1. Executive Summary 2. Method 3. The Signal: Why

Growth of $10,000 in India Deleveraging strategy vs S&P 500 (2001-2025, INR vs USD)

india stocks

India Is the Exception: Deleveraging Earns +4.39% Annual Excess on

The same signal that produces a 3.78% CAGR in the US generates 12.40% in India. Down capture drops from 126% to 41%. This isn't noise, it's a structural difference in how these markets price balance sheet discipline. Contents 1. Method 2. Results 3. Why