momentum
We ran the 52-week high proximity strategy on Thai stocks (SET) from 2000 to 2025. The result: 12.55% annualized, +4.54% above the S&P 500, 46.8% down capture. A $1 investment grew to $19.99. Thailand is a surprising result, a frontier-adjacent emerging market where a
momentum
We ran the 52-week high proximity strategy on Korean stocks (KSC) from 2000 to 2025. The result: 11.43% annualized, +3.42% above the S&P 500, 39.1% down capture. A $1 investment grew to $15.23. The strategy held cash for roughly a fifth of the 25
momentum
We ran the 52-week high proximity strategy on Japanese stocks (JPX) from 2000 to 2025. The result: 8.89% annualized, +0.88% above the S&P 500, Sharpe of 0.548. A $1 investment grew to $7.96. The S&P 500 returned $7.30 over the same
momentum
We ran the 52-week high proximity strategy on Indian stocks (BSE + NSE) from 2000 to 2025. The result: 26.73% annualized, 23.4% down capture, Sharpe of 0.735. A $1 investment grew to $444.67. The S&P 500 returned $7.30 over the same period. Contents 1.
analyst ratings
We measured 136,610 analyst rating revision events, upgrades and downgrades, across US, Germany, UK, Switzerland, and Canada from 2012 to 2025. Every market shows immediate price reaction on the day of the upgrade. What happens over the following three months is where markets diverge. Contents 1. Method 2. The
analyst ratings
Analyst Upgrades on UK Stocks: Sustained Drift and a Strong Cluster Effect We measured 9,059 individual analyst upgrades on LSE-listed UK stocks from 2012 to 2025. Upgrades produce immediate price impact and the drift sustains through three months. The cluster effect, multiple independent firms upgrading within 30 days, produces
analyst ratings
We ran an event study on 13 years of individual analyst rating changes on US stocks. The average upgrade produces +0.65% abnormal return on day one, but not all upgrades are equal: when two or more analysts upgrade the same stock within 30 days of each other, the drift
analyst ratings
Analyst Upgrades in Germany: Drift Grows to +2.6% Over 3 Months We measured 12,585 individual analyst upgrades on XETRA-listed German stocks from 2012 to 2025 and found something different from the US: the drift doesn't fade. It keeps growing for three months. Contents 1. Method 2.
sector rotation
We ran the same strategy on 14 stock exchanges. 13 of 14 beat SPY. One market failed completely, and the failure tells you exactly when momentum stops working. Contents 1. The Setup 2. Full Results: 14 Exchanges 3. What the Pattern Shows 4. Asia dominates 5. Canada surprises 6. Switzerland:
sector rotation
Sector Momentum Rotation: Chasing Industry Trends Across 26 Years of US Markets Sector momentum is one of the few quantitative signals that has survived decades of academic scrutiny and real-world testing. The idea: industries that outperformed recently tend to keep outperforming. Buy the winners. Let the losers sit. Contents 1.
sector rotation
Korea Sector Momentum: The Lowest Down Capture of Any Strategy We've Tested 16.46% down capture. That's the number that stops you. Contents 1. The Strategy 2. Results 3. Which Sectors Drive Korea's Rotation 4. When It Works 5. When It Struggles 6. Full