Cheapest in Sector Stock Screen. This page compares published weekly company figures for valuation, financial strength, price performance, income and risk, with links to the supporting company records and data.
Structured data for this page is available at https://sharemaestro.com/factors/api/strategies/sector-relative/
Factor approach · week ending 18 Sep 2026
Cheapest in Sector
Companies ranked on value against others in the same sector.
Qualifying companies 1006 Top 50 shown
Companies scored 5028 5028 in market
Average combined score 87.8/100 Qualifying list
Market US USD
Summary
Companies
Comparison
Historical record
How it works
Current qualifying list
Cheapest in Sector companies Ranks run from 0 to 100. A higher rank is stronger on value, financial strength or price performance.
#1 ABEV Ambev SA ADR Consumer Defensive
Sector value rank 100.0/100
Combined score 99.0/100
Value rank 98.0/100
Strength rank 98.0/100
P/E ratio 2.8×
Return on equity 18.4%
Price rank 75.0/100
Volatility 32.7%
F-Score 8/9
#2 OMAB Grupo Aeroportuario del Centro Norte SAB de CV Industrials
Sector value rank 100.0/100
Combined score 93.0/100
Value rank 98.0/100
Strength rank 98.0/100
P/E ratio 0.9×
Return on equity 59.5%
Price rank 34.0/100
Volatility 32.7%
F-Score 6/9
#3 AMX America Movil SAB de CV ADR Communication Services
Sector value rank 100.0/100
Combined score 93.0/100
Value rank 99.0/100
Strength rank 94.0/100
P/E ratio 0.8×
Return on equity 23.8%
Price rank 34.0/100
Volatility 28.0%
F-Score 8/9
#4 TCBIO Texas Capital Bancshares, Inc. Financial Services
Sector value rank 100.0/100
Combined score 92.0/100
Value rank 99.0/100
Strength rank 91.0/100
P/E ratio 2.5×
Return on equity 10.0%
Price rank 33.0/100
Volatility 12.1%
F-Score 8/9
#5 IMPP Imperial Petroleum Inc Energy
Sector value rank 100.0/100
Combined score 98.0/100
Value rank 98.0/100
Strength rank 76.0/100
P/E ratio 2.9×
Return on equity 15.1%
Price rank 85.0/100
Volatility 49.3%
F-Score 4/9
#6 UMC United Microelectronics Technology
Sector value rank 100.0/100
Combined score 99.0/100
Value rank 99.0/100
Strength rank 74.0/100
P/E ratio 0.8×
Return on equity 18.5%
Price rank 98.0/100
Volatility 54.0%
F-Score 5/9
#7 CAAS China Automotive Systems Inc Consumer Cyclical
Sector value rank 100.0/100
Combined score 90.0/100
Value rank 99.0/100
Strength rank 74.0/100
P/E ratio 3.5×
Return on equity 9.7%
Price rank 34.0/100
Volatility 25.7%
F-Score 7/9
#8 SSL Sasol Ltd Basic Materials
Sector value rank 100.0/100
Combined score 98.0/100
Value rank 99.0/100
Strength rank 65.0/100
P/E ratio 0.7×
Return on equity 7.4%
Price rank 92.0/100
Volatility 58.7%
F-Score 6/9
#9 RILYG B. Riley Financial Inc. 5.00% Senior Notes due 2026 Other
Sector value rank 100.0/100
Combined score 81.0/100
Value rank 66.0/100
Strength rank 63.0/100
P/E ratio —
Return on equity —
Price rank 66.0/100
Volatility 17.7%
F-Score —
#10 MGR Affiliated Managers Group, Inc. Financials
Sector value rank 100.0/100
Combined score 78.0/100
Value rank 64.0/100
Strength rank 62.0/100
P/E ratio —
Return on equity —
Price rank 64.0/100
Volatility 10.1%
F-Score —
#11 CCAQ Committed Capital Acquisition Corp II Capital Markets
Sector value rank 100.0/100
Combined score 66.0/100
Value rank 58.0/100
Strength rank 55.0/100
P/E ratio 58.3×
Return on equity 2.6%
Price rank 57.0/100
Volatility 2.2%
F-Score 2/9
#12 RDY Dr. Reddy’s Laboratories Ltd ADR Healthcare
Sector value rank 100.0/100
Combined score 70.0/100
Value rank 99.0/100
Strength rank 30.0/100
P/E ratio 0.2×
Return on equity 11.8%
Price rank 9.0/100
Volatility 26.6%
F-Score 4/9
#13 CIG Companhia Energetica de Minas Gerais CEMIG Pref ADR Utilities
Sector value rank 100.0/100
Combined score 76.0/100
Value rank 97.0/100
Strength rank 27.0/100
P/E ratio 1.3×
Return on equity 16.8%
Price rank 28.0/100
Volatility 31.8%
F-Score 4/9
#14 FOR Forestar Group Inc Real Estate
Sector value rank 100.0/100
Combined score 68.0/100
Value rank 97.0/100
Strength rank 14.0/100
P/E ratio 7.8×
Return on equity 9.2%
Price rank 24.0/100
Volatility 34.4%
F-Score 1/9
#15 ACGLN Arch Capital Group Ltd. Financial Services
Sector value rank 99.9/100
Combined score 92.0/100
Value rank 99.0/100
Strength rank 90.0/100
P/E ratio 1.1×
Return on equity 19.5%
Price rank 29.0/100
Volatility 9.2%
F-Score 8/9
#16 TAK Takeda Pharmaceutical Co Ltd ADR Healthcare
Sector value rank 99.9/100
Combined score 94.0/100
Value rank 98.0/100
Strength rank 64.0/100
P/E ratio 0.3×
Return on equity 2.4%
Price rank 71.0/100
Volatility 20.4%
F-Score 6/9
#17 ERIC Telefonaktiebolaget LM Ericsson B ADR Technology
Sector value rank 99.9/100
Combined score 99.0/100
Value rank 99.0/100
Strength rank 94.0/100
P/E ratio 1.4×
Return on equity 23.6%
Price rank 85.0/100
Volatility 33.5%
F-Score 7/9
#18 GASS StealthGas Inc Industrials
Sector value rank 99.8/100
Combined score 91.0/100
Value rank 98.0/100
Strength rank 30.0/100
P/E ratio 5.9×
Return on equity 8.2%
Price rank 87.0/100
Volatility 36.9%
F-Score 5/9
#19 IBN ICICI Bank Limited Financial Services
Sector value rank 99.8/100
Combined score 85.0/100
Value rank 99.0/100
Strength rank 69.0/100
P/E ratio 0.2×
Return on equity 14.2%
Price rank 14.0/100
Volatility 23.6%
F-Score 5/9
#20 PDD PDD Holdings Inc. Consumer Cyclical
Sector value rank 99.8/100
Combined score 89.0/100
Value rank 99.0/100
Strength rank 89.0/100
P/E ratio 1.2×
Return on equity 20.8%
Price rank 15.0/100
Volatility 34.0%
F-Score 5/9
#21 NVO Novo Nordisk A/S Healthcare
Sector value rank 99.8/100
Combined score 88.0/100
Value rank 98.0/100
Strength rank 94.0/100
P/E ratio 1.6×
Return on equity 52.6%
Price rank 6.0/100
Volatility 45.3%
F-Score 5/9
#22 STNE StoneCo Ltd Technology
Sector value rank 99.7/100
Combined score 89.0/100
Value rank 99.0/100
Strength rank 94.0/100
P/E ratio 0.7×
Return on equity 36.9%
Price rank 13.0/100
Volatility 48.5%
F-Score 5/9
#23 HDB HDFC Bank Limited ADR Financial Services
Sector value rank 99.7/100
Combined score 85.0/100
Value rank 99.0/100
Strength rank 81.0/100
P/E ratio 0.1×
Return on equity 13.1%
Price rank 4.0/100
Volatility 28.3%
F-Score 8/9
#24 PAC Grupo Aeroportuario del Pacifico SAB De CV ADR Industrials
Sector value rank 99.7/100
Combined score 89.0/100
Value rank 98.0/100
Strength rank 95.0/100
P/E ratio 1.2×
Return on equity 19.5%
Price rank 10.0/100
Volatility 35.0%
F-Score 7/9
#25 GMRS GMR Solutions Inc. Healthcare
Sector value rank 99.7/100
Combined score 94.0/100
Value rank 97.0/100
Strength rank 76.0/100
P/E ratio 3.3×
Return on equity 26.1%
Price rank 64.0/100
Volatility 65.0%
F-Score 5/9
#26 BSBR Banco Santander Brasil SA ADR Financial Services
Sector value rank 99.6/100
Combined score 78.0/100
Value rank 99.0/100
Strength rank 26.0/100
P/E ratio 1.4×
Return on equity 23.6%
Price rank 30.0/100
Volatility 33.6%
F-Score 3/9
#27 CHA Chagee Holdings Limited American Depositary Shares Consumer Cyclical
Sector value rank 99.6/100
Combined score 87.0/100
Value rank 99.0/100
Strength rank 74.0/100
P/E ratio 1.7×
Return on equity 16.3%
Price rank 19.0/100
Volatility 52.5%
F-Score —
#28 BEKE Ke Holdings Inc Real Estate
Sector value rank 99.6/100
Combined score 64.0/100
Value rank 97.0/100
Strength rank 16.0/100
P/E ratio 3.8×
Return on equity 7.2%
Price rank 13.0/100
Volatility 38.0%
F-Score 5/9
#29 CHT Chunghwa Telecom Co Ltd Communication Services
Sector value rank 99.6/100
Combined score 90.0/100
Value rank 99.0/100
Strength rank 87.0/100
P/E ratio 0.9×
Return on equity 10.8%
Price rank 23.0/100
Volatility 10.9%
F-Score 8/9
#30 SPRO Spero Therapeutics Inc Healthcare
Sector value rank 99.6/100
Combined score 87.0/100
Value rank 97.0/100
Strength rank 82.0/100
P/E ratio 8.9×
Return on equity 16.7%
Price rank 13.0/100
Volatility 56.1%
F-Score 6/9
#31 WIT Wipro Limited ADR Technology
Sector value rank 99.6/100
Combined score 81.0/100
Value rank 99.0/100
Strength rank 61.0/100
P/E ratio 0.1×
Return on equity 17.0%
Price rank 3.0/100
Volatility 38.6%
F-Score 4/9
#32 DRD DRDGOLD Limited ADR Basic Materials
Sector value rank 99.6/100
Combined score 92.0/100
Value rank 99.0/100
Strength rank 96.0/100
P/E ratio 0.6×
Return on equity 32.4%
Price rank 29.0/100
Volatility 61.9%
F-Score 6/9
#33 UGP Ultrapar Participacoes SA ADR Energy
Sector value rank 99.5/100
Combined score 98.0/100
Value rank 98.0/100
Strength rank 70.0/100
P/E ratio 2.3×
Return on equity 19.5%
Price rank 91.0/100
Volatility 37.2%
F-Score 6/9
#34 KOF Coca-Cola Femsa SAB de CV ADR Consumer Defensive
Sector value rank 99.5/100
Combined score 95.0/100
Value rank 98.0/100
Strength rank 68.0/100
P/E ratio 1.0×
Return on equity 16.7%
Price rank 76.0/100
Volatility 21.5%
F-Score 5/9
#35 ASR Grupo Aeroportuario del Sureste SAB de CV ADR Industrials
Sector value rank 99.5/100
Combined score 87.0/100
Value rank 98.0/100
Strength rank 89.0/100
P/E ratio 0.7×
Return on equity 24.0%
Price rank 8.0/100
Volatility 25.7%
F-Score 5/9
#36 FINV FinVolution Group Financial Services
Sector value rank 99.5/100
Combined score 66.0/100
Value rank 99.0/100
Strength rank 30.0/100
P/E ratio 0.4×
Return on equity 11.4%
Price rank 1.0/100
Volatility 49.1%
F-Score 3/9
#37 DH Definitive Healthcare Corp Healthcare
Sector value rank 99.5/100
Combined score 83.0/100
Value rank 97.0/100
Strength rank 72.0/100
P/E ratio —
Return on equity -116.3%
Price rank 4.0/100
Volatility 70.6%
F-Score 5/9
#38 KARO Karooooo Ltd Technology
Sector value rank 99.4/100
Combined score 98.0/100
Value rank 98.0/100
Strength rank 93.0/100
P/E ratio 2.0×
Return on equity 28.6%
Price rank 76.0/100
Volatility 33.4%
F-Score 5/9
#39 MFIN Medallion Financial Corp Financial Services
Sector value rank 99.4/100
Combined score 99.0/100
Value rank 98.0/100
Strength rank 93.0/100
P/E ratio 7.7×
Return on equity 8.8%
Price rank 78.0/100
Volatility 28.6%
F-Score 8/9
#40 CYD China Yuchai International Limited Consumer Cyclical
Sector value rank 99.4/100
Combined score 85.0/100
Value rank 99.0/100
Strength rank 69.0/100
P/E ratio 2.5×
Return on equity 5.1%
Price rank 17.0/100
Volatility 50.0%
F-Score 8/9
#41 ESEA Euroseas Ltd Industrials
Sector value rank 99.4/100
Combined score 99.0/100
Value rank 97.0/100
Strength rank 96.0/100
P/E ratio 4.0×
Return on equity 26.2%
Price rank 83.0/100
Volatility 37.5%
F-Score 8/9
#42 CRMD CorMedix Inc Healthcare
Sector value rank 99.4/100
Combined score 90.0/100
Value rank 96.0/100
Strength rank 98.0/100
P/E ratio 3.2×
Return on equity 40.6%
Price rank 18.0/100
Volatility 55.5%
F-Score 5/9
#43 BAP Credicorp Ltd Financial Services
Sector value rank 99.3/100
Combined score 99.0/100
Value rank 98.0/100
Strength rank 93.0/100
P/E ratio 4.4×
Return on equity 18.2%
Price rank 82.0/100
Volatility 29.7%
F-Score —
#44 PAYP PayPay Corporation American Depository Shares Technology
Sector value rank 99.3/100
Combined score 97.0/100
Value rank 98.0/100
Strength rank 89.0/100
P/E ratio —
Return on equity 29.8%
Price rank 65.0/100
Volatility 62.3%
F-Score 6/9
#45 EMBC Embecta Corp Healthcare
Sector value rank 99.3/100
Combined score 86.0/100
Value rank 96.0/100
Strength rank 86.0/100
P/E ratio 3.4×
Return on equity -14.3%
Price rank 7.0/100
Volatility 81.9%
F-Score 6/9
#46 GSL Global Ship Lease Inc Industrials
Sector value rank 99.2/100
Combined score 98.0/100
Value rank 97.0/100
Strength rank 85.0/100
P/E ratio 4.3×
Return on equity 19.7%
Price rank 81.0/100
Volatility 30.7%
F-Score 5/9
#47 IFS Intercorp Financial Services Inc Financial Services
Sector value rank 99.2/100
Combined score 96.0/100
Value rank 98.0/100
Strength rank 68.0/100
P/E ratio 3.4×
Return on equity 14.2%
Price rank 79.0/100
Volatility 33.2%
F-Score —
#48 VIOT Viomi Technology ADR Consumer Cyclical
Sector value rank 99.2/100
Combined score 63.0/100
Value rank 99.0/100
Strength rank 15.0/100
P/E ratio 0.6×
Return on equity 9.5%
Price rank 7.0/100
Volatility 75.4%
F-Score 3/9
#49 NLOP Net Lease Office Properties Real Estate
Sector value rank 99.2/100
Combined score 86.0/100
Value rank 95.0/100
Strength rank 70.0/100
P/E ratio —
Return on equity -27.7%
Price rank 27.0/100
Volatility 22.6%
F-Score 6/9
#50 PHI PLDT Inc ADR Communication Services
Sector value rank 99.1/100
Combined score 89.0/100
Value rank 99.0/100
Strength rank 88.0/100
P/E ratio 0.1×
Return on equity 21.3%
Price rank 18.0/100
Volatility 23.8%
F-Score 5/9
Full comparison table
Rank Company Sector Combined Value Financial strength Price performance P/E ROE Volatility 1 ABEV Ambev SA ADR Consumer Defensive 99.0/100 98.0/100 98.0/100 75.0/100 2.8× 18.4% 32.7% 2 OMAB Grupo Aeroportuario del Centro Norte SAB de CV Industrials 93.0/100 98.0/100 98.0/100 34.0/100 0.9× 59.5% 32.7% 3 AMX America Movil SAB de CV ADR Communication Services 93.0/100 99.0/100 94.0/100 34.0/100 0.8× 23.8% 28.0% 4 TCBIO Texas Capital Bancshares, Inc. Financial Services 92.0/100 99.0/100 91.0/100 33.0/100 2.5× 10.0% 12.1% 5 IMPP Imperial Petroleum Inc Energy 98.0/100 98.0/100 76.0/100 85.0/100 2.9× 15.1% 49.3% 6 UMC United Microelectronics Technology 99.0/100 99.0/100 74.0/100 98.0/100 0.8× 18.5% 54.0% 7 CAAS China Automotive Systems Inc Consumer Cyclical 90.0/100 99.0/100 74.0/100 34.0/100 3.5× 9.7% 25.7% 8 SSL Sasol Ltd Basic Materials 98.0/100 99.0/100 65.0/100 92.0/100 0.7× 7.4% 58.7% 9 RILYG B. Riley Financial Inc. 5.00% Senior Notes due 2026 Other 81.0/100 66.0/100 63.0/100 66.0/100 — — 17.7% 10 MGR Affiliated Managers Group, Inc. Financials 78.0/100 64.0/100 62.0/100 64.0/100 — — 10.1% 11 CCAQ Committed Capital Acquisition Corp II Capital Markets 66.0/100 58.0/100 55.0/100 57.0/100 58.3× 2.6% 2.2% 12 RDY Dr. Reddy’s Laboratories Ltd ADR Healthcare 70.0/100 99.0/100 30.0/100 9.0/100 0.2× 11.8% 26.6% 13 CIG Companhia Energetica de Minas Gerais CEMIG Pref ADR Utilities 76.0/100 97.0/100 27.0/100 28.0/100 1.3× 16.8% 31.8% 14 FOR Forestar Group Inc Real Estate 68.0/100 97.0/100 14.0/100 24.0/100 7.8× 9.2% 34.4% 15 ACGLN Arch Capital Group Ltd. Financial Services 92.0/100 99.0/100 90.0/100 29.0/100 1.1× 19.5% 9.2% 16 TAK Takeda Pharmaceutical Co Ltd ADR Healthcare 94.0/100 98.0/100 64.0/100 71.0/100 0.3× 2.4% 20.4% 17 ERIC Telefonaktiebolaget LM Ericsson B ADR Technology 99.0/100 99.0/100 94.0/100 85.0/100 1.4× 23.6% 33.5% 18 GASS StealthGas Inc Industrials 91.0/100 98.0/100 30.0/100 87.0/100 5.9× 8.2% 36.9% 19 IBN ICICI Bank Limited Financial Services 85.0/100 99.0/100 69.0/100 14.0/100 0.2× 14.2% 23.6% 20 PDD PDD Holdings Inc. Consumer Cyclical 89.0/100 99.0/100 89.0/100 15.0/100 1.2× 20.8% 34.0% 21 NVO Novo Nordisk A/S Healthcare 88.0/100 98.0/100 94.0/100 6.0/100 1.6× 52.6% 45.3% 22 STNE StoneCo Ltd Technology 89.0/100 99.0/100 94.0/100 13.0/100 0.7× 36.9% 48.5% 23 HDB HDFC Bank Limited ADR Financial Services 85.0/100 99.0/100 81.0/100 4.0/100 0.1× 13.1% 28.3% 24 PAC Grupo Aeroportuario del Pacifico SAB De CV ADR Industrials 89.0/100 98.0/100 95.0/100 10.0/100 1.2× 19.5% 35.0% 25 GMRS GMR Solutions Inc. Healthcare 94.0/100 97.0/100 76.0/100 64.0/100 3.3× 26.1% 65.0% 26 BSBR Banco Santander Brasil SA ADR Financial Services 78.0/100 99.0/100 26.0/100 30.0/100 1.4× 23.6% 33.6% 27 CHA Chagee Holdings Limited American Depositary Shares Consumer Cyclical 87.0/100 99.0/100 74.0/100 19.0/100 1.7× 16.3% 52.5% 28 BEKE Ke Holdings Inc Real Estate 64.0/100 97.0/100 16.0/100 13.0/100 3.8× 7.2% 38.0% 29 CHT Chunghwa Telecom Co Ltd Communication Services 90.0/100 99.0/100 87.0/100 23.0/100 0.9× 10.8% 10.9% 30 SPRO Spero Therapeutics Inc Healthcare 87.0/100 97.0/100 82.0/100 13.0/100 8.9× 16.7% 56.1% 31 WIT Wipro Limited ADR Technology 81.0/100 99.0/100 61.0/100 3.0/100 0.1× 17.0% 38.6% 32 DRD DRDGOLD Limited ADR Basic Materials 92.0/100 99.0/100 96.0/100 29.0/100 0.6× 32.4% 61.9% 33 UGP Ultrapar Participacoes SA ADR Energy 98.0/100 98.0/100 70.0/100 91.0/100 2.3× 19.5% 37.2% 34 KOF Coca-Cola Femsa SAB de CV ADR Consumer Defensive 95.0/100 98.0/100 68.0/100 76.0/100 1.0× 16.7% 21.5% 35 ASR Grupo Aeroportuario del Sureste SAB de CV ADR Industrials 87.0/100 98.0/100 89.0/100 8.0/100 0.7× 24.0% 25.7% 36 FINV FinVolution Group Financial Services 66.0/100 99.0/100 30.0/100 1.0/100 0.4× 11.4% 49.1% 37 DH Definitive Healthcare Corp Healthcare 83.0/100 97.0/100 72.0/100 4.0/100 — -116.3% 70.6% 38 KARO Karooooo Ltd Technology 98.0/100 98.0/100 93.0/100 76.0/100 2.0× 28.6% 33.4% 39 MFIN Medallion Financial Corp Financial Services 99.0/100 98.0/100 93.0/100 78.0/100 7.7× 8.8% 28.6% 40 CYD China Yuchai International Limited Consumer Cyclical 85.0/100 99.0/100 69.0/100 17.0/100 2.5× 5.1% 50.0% 41 ESEA Euroseas Ltd Industrials 99.0/100 97.0/100 96.0/100 83.0/100 4.0× 26.2% 37.5% 42 CRMD CorMedix Inc Healthcare 90.0/100 96.0/100 98.0/100 18.0/100 3.2× 40.6% 55.5% 43 BAP Credicorp Ltd Financial Services 99.0/100 98.0/100 93.0/100 82.0/100 4.4× 18.2% 29.7% 44 PAYP PayPay Corporation American Depository Shares Technology 97.0/100 98.0/100 89.0/100 65.0/100 — 29.8% 62.3% 45 EMBC Embecta Corp Healthcare 86.0/100 96.0/100 86.0/100 7.0/100 3.4× -14.3% 81.9% 46 GSL Global Ship Lease Inc Industrials 98.0/100 97.0/100 85.0/100 81.0/100 4.3× 19.7% 30.7% 47 IFS Intercorp Financial Services Inc Financial Services 96.0/100 98.0/100 68.0/100 79.0/100 3.4× 14.2% 33.2% 48 VIOT Viomi Technology ADR Consumer Cyclical 63.0/100 99.0/100 15.0/100 7.0/100 0.6× 9.5% 75.4% 49 NLOP Net Lease Office Properties Real Estate 86.0/100 95.0/100 70.0/100 27.0/100 — -27.7% 22.6% 50 PHI PLDT Inc ADR Communication Services 89.0/100 99.0/100 88.0/100 18.0/100 0.1× 21.3% 23.8%
List against market
How the qualifiers differ The comparison uses the same completed week and selected market. It shows the result of the screen rather than a claim about future returns.
Median relative ranks
Qualifying list and full market
Stored weekly prices
Historical record Past results are hypothetical, before trading costs and based on the stated weekly selection rules. They do not show what an investor would necessarily have received.
Cumulative return -2.81% 2026-06-07 to 2026-09-18
Weekly periods 16 Periods with usable prices
Record type Rebalanced See method below
Status Available Completed stored prices
Calendar years
Return by year Calendar months
Monthly return record
Selection rules
What the screen does Open a company page to see its exact inputs and every other approach it currently passes.
Companies ranked on value against others in the same sector. Valuation levels differ by industry. This screen compares each company with its own sector so a sector-wide valuation difference does not dominate the result.
1 · Market
Start with the selected market The screen uses published weekly company records from the market shown at the top of the page.
2 · Rules
Apply the same tests to every company The named measures, thresholds and sorting order are fixed for the screen.
3 · Check
Open the supporting figures A passing result still needs company, sector, liquidity, accounting and risk research.
Limits of the comparison Scores are relative to the selected market and can change when the market or its data changes. Accounting dates differ. Historical figures may be revised. A screen can remain out of favour for long periods.
Historical results exclude spreads, commissions, market impact, taxes and capacity limits. They are research evidence, not a forecast, recommendation or personal portfolio.