Find the top undervalued stocks to invest in with the best stock screener available online
The companies are selected through an advanced quantitative algorithm that analyzes financial data and finds the best stocks to invest in for you.
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.
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.
Everest Formula had a solid performance, slightly beating the S&P500 index even though the index itself performed very well. The 3-stock strategy had a consistent gain of +13.5%, while the 10-stock strategy gained a more limited +11.3%, but with less volatility.
