The Stingy News Weekly: 12/30/2023
New from Norm
The Globe 250
"We're pleased to toast the New Year with our Megastar ranking of Canada's largest publicly traded companies. It contains key investing data on 250 major stocks, with a star rating for each company's momentum appeal and another for its value merit. Both are combined to form the Megastar portfolio, which outperformed the market by 9.4 percentage points since last year. Cheers!"
Asset Mixer Update
We've updated our Asset Mixer to include nominal return data for 2023.
Periodic Table Update
We've updated our periodic table of annual returns for Canadians to include nominal return data for 2023.
The financial distress puzzle
"The empirical research findings demonstrate that the return premium generated by being long low-distress risk stocks and short high-distress risk stocks is persistent" [Markets]
The spring crack-up boom
"As is often the case during the later stages of asset bubbles, we believe we’ve reached a point where higher home prices do more harm than good. While the current environment is favorable for homebuilders, another leg-up in prices would be very troublesome for the millions of Americans already priced out of the housing market." [Markets]
Volatility, dividend yield and stock returns
"We show the out-performance of dividend yield amongst payers arises, in part, because anomalies earn lower returns in payers than non-payers, and this is true even among strategies constructed on payout. So for investors interested in concentrating their portfolios in the mature companies that tend to pay dividends, dividend yield is a valuable investment signal" [Dividends]
S&P/TSX60 Value Screens
DOW 30 Value Screens
|Disclaimers: Consult with a qualified investment adviser before trading. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, financial advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. More...