A Performance Correction for the 2005 AAII Stock Screens
Due to an error in calculating the mid-month performance data for December 2005, the year-to-date performance data in the January 2006 AAII Journal article From Peak to Valley: The Stock Strategy Landscape in 2005 was incorrect. As a result, there was a slight mis-ordering of some of the top-performing screening methodologies for 2005, as well as for long-term performance. In addition to correcting the error, weve also updated the results through year-end 2005.
The Murphy Technology low-price-to-growth-flow approach maintained its overall dominance for the year, albeit with a lower return of 34.1%.
The Graham—Defensive Investor (Non-Utility) screen, with a revised 2005 return of 26.2%, also remained the top value strategy for 2005, as well as one of the top-performing strategies for the year.
...To continue reading this article you must be registered with AAII.
Already registered with AAII? Login to read the rest of this article.
to read this article and receive access to future AAII.com articles.