owner earnings
We ran the same Owner Earnings Yield screen on 13 global exchanges over 25 years. Same filters everywhere: OE Yield 5-50%, ROE > 10%, operating margin > 10%, market cap above the local threshold. Top 30 stocks, equal weight, annual rebalance in July. Contents 1. Method 2. Full Results: All
momentum investing
We tested the Sector-Adjusted Momentum strategy on 14 stock exchanges worldwide from 2000 to 2025. The strategy buys stocks that outperform their own sector peers, not just the market. Moskowitz and Grinblatt (1999) showed that roughly half of momentum profits come from sector-level trends. Strip that out, and you'
momentum investing
The academic literature says momentum works everywhere. The data from 18 exchanges says it's more complicated. Pure 12-month price momentum (top 30 by 12M-1M return, semi-annual, no quality filters) was backtested across 18 exchanges covering every major equity market from 2000 to 2025. 8 exchanges outperform the S&
global stocks
We ran the same sector-relative EV/EBITDA screen across 13 global stock exchanges from 2000 to 2025. Buy when a quality stock's EV/EBITDA falls 30% or more below its sector median. Hold the top 30 deepest discounts, rebalance annually. The result splits cleanly along geography: every Western
momentum investing
We ran the same quality momentum strategy across 17 global exchanges over 25 years. Same rules everywhere: ROE > 15%, D/E < 1.0, positive net income, positive operating cash flow, gross margin > 20%, then rank by 12-month price momentum. Top 30 stocks, equal weight, semi-annual rebalancing. Contents
global stocks
Contents 1. How the Strategy Works 2. Full Results: 13 Exchanges (2001-2025) 3. The Signal Globally: Works Pre-2013, Breaks After 4. The Outperformers: India and Canada 5. India: 12.40% CAGR, +4.39% Excess 6. Canada: 9.33% CAGR, +1.32% Excess 7. The Middle Ground: Sweden, Germany, Japan, Switzerland