Here are the custom field calculations for use with Stock Investor Pro to recreate the Tortoriello Quantitative Strategies as outlined in First Cut article from the May 2010 issue of the AAII Journal.

Create each custom field individually, in the order they appear in this file. Copy the formulas below each field name and paste them into the Custom Field Editor of Stock Investor Pro. Be sure to delete any extra spaces at the beginning and end of the formula within the Custom Field Editor, otherwise the program may not be able to validate the formula.

When saving a field, be sure to enter the exact same field name as it appears, including the hyphen. If you do not use these exact field names, the program will not be able to validate those custom fields that make use of other custom fields.

-FC Enterprise Value

[Market Cap Q1]+[Long-term debt Q1]+[Preferred stock Q1]+[Short-term debt Q1]-[Cash Q1]


-FC EBITDA

[Pre-tax income 12m] + IIF(IsFieldNull([Interest expense 12m])=0,0,[Interest expense 12m]) + IIF(IsFieldNull([Depreciation 12M])=0,0,[Depreciation 12M])

-FC EV to EBITDA    

IIF([-FC Enterprise Value] > 0, IIF([-FC EBITDA] > 0, [-FC Enterprise Value]/[-FC EBITDA],null),null)

-FC Alpha Free Cash Flow

[Cash from operations 12m] - IIF(IsFieldNull([Capital expenditures 12m])=0,0,[Capital expenditures 12m])

-FC Alpha Invested Cap

[Equity (common) Q1]+ [Long-term debt Q1]+[Preferred stock Q1]

-FC Cash ROIC

IIF([-FC Alpha Free Cash Flow] > 0, IIF([-FC Alpha Invested Cap] > 0, ([-FC Alpha Free Cash Flow]/[-FC Alpha Invested Cap])*100,null),null)

-FC Alpha 52-WK Price %

([Price]-[Price--low 52 week])/([Price--high 52 week]-[Price--low 52 week])*100