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The Everest Formula can be considered an evolution of Joel Greenblatt’s Magic Formula: with a similar approach, it has outperformed both the Magic Formula and the S&P500, especially over the last decade.
In 2024, the U.S. stock market experienced robust growth, with the S&P 500 achieving a +23.3% gain, marking its second consecutive year of over 20% returns. This performance was driven by strong consumer spending, a resilient economy, and significant advancements in artificial intelligence (AI), which bolstered technology sector valuations. Despite this incredible market performance, the
The last few months have been characterized by even more momentum than the already impressive first half of the year. We will look at how the Everest Formula has performed relative to the U.S. indices and the market outlook for the months ahead.
For the first time since the beginning of its operational phase, the Everest Formula underperformed the S&P500, registering +6.5% and +0.7% in the 3- and 10-stock strategies, respectively, caused by the boom of mega caps and growth factor for the six-month period. The S&P500 returns +14.7% in the same period.
