PowerRankings - Performance

Overall Performance Summary Calendar Year 2023

Positive Return% for Investment Rankings is the percent of all signals that generated a positive internal rate of return 3 months after their appearance in the monthly ranking.

Total Return = The return on the asset after 3 months from the signal being issued

Average Total Return p.a. is the yearly average of the monthly Total Returns.

Excess return = The return in excess of the market benchmark after 3 months from the signal being issued

Average Excess Return p.a. is the yearly average of the monthly Excess Returns.

US Stocks PowerRankings Monthly Performance Breakdown - 2023

Notes:

*Probability of Alpha = Probability of Excess return over the market during the signal timeframe of 3 months

Performance is measured from the price as at the 1st business day of the month an asset was signalled as a BUY, or Strong BUY

3M Total Return = The percent return on the asset after 3 months from the signal being issued

3M Excess return = The percent return in excess of the market benchmark after 3 months from the signal being issued

Market benchmark = S&P 500 Index as measured by the Vanguard 500 Index Investor Fund

European Stocks PowerRankings Monthly Performance Breakdown - 2023

Market benchmark = All-cap European stocks as measured by the Vanguard European Stock Index Fund (VGK)

ETF PowerRankings Monthly Performance Breakdown - 2023

Market benchmark = S&P 500 Index as measured by the Vanguard 500 Index Investor Fund

Model Portfolio - Performance

Quarterly Portfolio Performance Breakdown - 2023