Joel Greenblatt’s Magic Formula: Combining Value and Quality
Validea
APRIL 8, 2024
He back tested the strategy from 1988 to 2004 and found that a portfolio of the top 30 magic formula stocks, rebalanced annually, would have returned 30.8% The company’s consistent profitability and attractive valuation make it a top pick for the Greenblatt model. per year on average, compared to 12.4% Michelle Wine Estates.
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