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The ‘magic’ formula for stock selection

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The ‘magic’ formula for stock selection

Post by nihal123 on Mon Jul 27, 2015 10:53 pm

http://yashodhankhare.com/2014/08/31/can-select-stocks-using-magic-formula/
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Re: The ‘magic’ formula for stock selection

Post by Sriranga on Tue Jul 28, 2015 4:56 am

Thanks a lot.

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Re: The ‘magic’ formula for stock selection

Post by Leon on Tue Jul 28, 2015 5:01 am

Thanks.
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Re: The ‘magic’ formula for stock selection

Post by serene on Tue Jul 28, 2015 5:04 am

Thanks Nihal.
Downloaded wanna read now.

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Re: The ‘magic’ formula for stock selection

Post by කිත්සිරි ද සිල්වා on Tue Jul 28, 2015 9:25 am

I was wondering whether if any expert can use this formula and post something here soon (Like HUNTER's efforts).
Thanks Nihal. Very Happy
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Re: The ‘magic’ formula for stock selection

Post by nihal123 on Tue Jul 28, 2015 10:02 am

කිත්සිරි ද සිල්වා wrote:I was wondering whether if any expert can use this formula and post something here soon (Like HUNTER's efforts).
Thanks Nihal. Very Happy

Yes Kith any expert can do this for us

study study study
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Re: The ‘magic’ formula for stock selection

Post by Hybrid on Tue Jul 28, 2015 2:56 pm

One cannot go very wrong in using the ROC + P/E formulas as an index based on a factor. However, everyone knows that despite very high ROC and extrelmely high P/E ratios there is the unknown factor that one has to be alert for and study the current market.

For example take Nestlé. It has a high ROC and very high P/E ratio and now there is a nose dive in the share price suddenly due to the current disaster on quality issues its facing.

Yes, the future earnings potential and rate of RIG is a factor to be closely considered in addition to the said formulas!
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Re: The ‘magic’ formula for stock selection

Post by serene on Tue Jul 28, 2015 4:01 pm

nihal123 wrote:
කිත්සිරි ද සිල්වා wrote:I was wondering whether if any expert can use this formula and post something here soon (Like HUNTER's efforts).
Thanks Nihal. Very Happy

Yes Kith any expert can do this for us

study study study

Or may Be youth like Chooty Wink Wink

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Re: The ‘magic’ formula for stock selection

Post by HUNTER on Tue Jul 28, 2015 4:27 pm

Good one !

Thanks Nihal.

Had I found this couple of years ago, I wouldn't have spent time on reinventing the 'wheel'. Wink

The idea explained is very similar to the one I have adopted.

I also agree the method sounds very simple and very effective; however, in reality, we need to be a little careful of 'extreme' cases to reduce the risk. (for example TWOD).

Combining this with some technical analysis, I am sure, will generate 'super' results in any market.

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Re: The ‘magic’ formula for stock selection

Post by First Guy on Wed Jul 29, 2015 9:46 pm

Any formula is good to identify neglected value stocks that would at least continue on the same trajectory of performance or growth.

They wouldn't help identify stocks that are fairly valued on past performance but are poised to show growth in the near future.

They might also give a wrong picture to show a stock that is in a downtrend as one with an upside. Therefore, a formula should only be a starting point but more research needs to be done.

Similar to technical trading, it's rather a lagging indicator.
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