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asset growth
The asset growth anomaly on SIX-listed Swiss stocks returned 6.57% annually vs 1.74% for the SMI from 2000 to 2025. A +4.83% annual edge, 72% win rate, 123% up capture, 32% down capture. The SMI barely compounded. The screen found the Swiss companies that did.
asset growth
The asset growth anomaly on LSE-listed UK stocks returned 10.94% annually from 2000-2025, beating the FTSE 100 by +9.71% per year with a 96% win rate (24 of 25 years). Down capture of 2.71% means the portfolio barely participated in FTSE drawdowns, while 185% up capture amplified every rally.
value investing
Same low P/E screen, 12 exchanges. BSE 16.9% CAGR. LSE 13.6%. HKSE 14.4%. US 13.9%. UK went from zero data to +12.2% vs FTSE 100. Local benchmarks change the story.
value investing
Low P/E with quality filters returned 14.4% annually on HKSE-listed stocks from 2000-2025. That's +12.6% over the Hang Seng Index (1.8% CAGR). The catch: 38.5% volatility, -59% max drawdown, and a 2024-2025 spike that needs an asterisk.
value investing
Low P/E with quality filters returned 16.9% CAGR on BSE and 13.7% on NSE over 25 years, beating the Sensex by +5.8% and +2.6% respectively. Max drawdown hit -67%.
value investing
Low P/E with quality filters returned 13.6% annually on LSE-listed stocks from 2000-2025. That's +12.2% over the FTSE 100 (1.4% CAGR). Highest quarterly win rate (67%) and best Sharpe (0.370) of any exchange tested. Max drawdown -43.1%.
value investing
We backtested a low P/E value screen with quality filters across 25 years of US stock data (NYSE, NASDAQ, AMEX). 13.9% CAGR vs 8.0% for the S&P 500, with significant sector concentration in financials and energy.
value investing
Shanghai QARP returned 6.09% annually, beating the SSE Composite by +2.38%. Shenzhen returned ~4.86% but lacks a local benchmark comparison. Volatile, streaky, and structurally different from Western markets.
value investing
We ran one quality-value screen across 12 exchanges and compared each to its local benchmark. Germany had the highest alpha (+3.69% vs DAX), the UK came second (+3.06% vs FTSE). India trailed the Sensex.
value investing
QARP on XETRA: 8.75% CAGR over 25 years, +3.69% annual alpha vs the DAX, -32.7% max drawdown vs DAX's -55.4%. German industrials are a natural fit for quality-value screening.
value investing
QARP returned 4.02% annually on Hong Kong stocks, beating the Hang Seng's 1.31% by +2.71% per year. The absolute returns are modest, but the quality screen adds real alpha over the local market.
value investing
QARP returned 9.2% on BSE and 8.6% on NSE, trailing the Sensex at 11.4%. But max drawdown was a third of the index. In India, QARP is a risk tool, not an alpha generator.