Hong Kong stocks
We ran a sector-relative EV/EBITDA screen on 21 years of Hong Kong stock data from HKSE. The result: 0.91% CAGR vs 7.64% SPY, a negative Sharpe ratio, and down-capture of 102.95%. When SPY falls 10%, Hong Kong loses 10.3%. This is the worst result of
Germany stocks
We ran a sector-relative EV/EBITDA screen on 25 years of German stock data from XETRA. The signal: buy when a stock's EV/EBITDA falls below 70% of its sector median, filtered for quality (ROE > 8%, D/E < 2.0, MCap > €500M). The strategy returned
China stocks
We ran a sector-relative EV/EBITDA screen on 25 years of China A-share data across SHZ and SHH. The signal always fires, zero cash periods, 22.8 average stocks per year, but 3.98% CAGR vs 7.64% SPY and a max drawdown of -64.54% tell the story. China
Canada stocks
We ran a sector-relative EV/EBITDA screen on 24 years of Canadian stock data from the TSX. The signal: buy when a stock's EV/EBITDA falls below 70% of its sector median, filtered for quality. The result: 8.42% CAGR vs 7.64% SPY. On the surface, that&
P/E mean reversion
We tested sector-relative P/E mean reversion on 13 global stock markets from 2000 to 2025. The signal: buy when a stock's P/E drops below 60% of its sector median, filtered for quality (ROE > 8%, D/E < 2). The result splits cleanly along geography. Western
P/E mean reversion
We tested a sector-relative P/E mean reversion screen on 25 years of US stock data from NYSE, NASDAQ, and AMEX. The signal triggers when a quality stock's P/E ratio falls below 60% of its sector's current median, meaning it's trading at least
P/E mean reversion
We tested a sector-relative P/E mean reversion screen on 25 years of UK stock data from the London Stock Exchange. The signal buys stocks trading at a deep discount to sector peers: stock P/E below 60% of its sector median, filtered for quality. The strategy returned 11.81%
P/E mean reversion
We tested a sector-relative P/E mean reversion screen on 25 years of Indian stock data from BSE and NSE. The signal fires when a stock trades at a 40%+ discount to its sector peers on P/E, filtered for profitability and manageable debt. The strategy returned 11.14% annually
P/E mean reversion
We tested a sector-relative P/E mean reversion screen on 25 years of German stock data from XETRA. The signal triggers when a stock's P/E ratio falls 40% below its sector median, filtered for quality. The strategy returned 10.39% annually vs 7.64% for the S&
GARP
We ran the Growth at a Reasonable Price (GARP) strategy. PEG < 1.5, revenue growth > 15%, ROE > 10%, on 17 stock exchanges worldwide from 2000 to 2025. The S&P 500 benchmark returned 8.01% annually over that period. One market beat it. Sixteen didn'
GARP
We ran the Growth at a Reasonable Price (GARP) strategy. PEG < 1.5, revenue growth > 15%, ROE > 10%, on all US stocks (NYSE, NASDAQ, AMEX) from 2000 to 2025. The result: 7.12% annualized vs 8.01% for the S&P 500. A $10,000 investment
GARP
We ran the Growth at a Reasonable Price (GARP) strategy. PEG < 1.5, revenue growth > 15%, ROE > 10%, on Indian stocks (BSE + NSE) from 2000 to 2025. India is the only market in our 17-exchange global test where GARP delivers meaningful outperformance: 11.12% annualized vs 8.