Debt/Equity: a 18% annual average return

Another example of the fundamental anomaly is the Debt-to-Equity ratio, which pulls items from the balance sheet only. This measure is simply defined as the total long term debt divided by the total common equity of a company. Debt/Equity is a sim

ple yet effective way to capture the anomaly and make money. Using Research Wizard, we tested returns to the 10% of companies with the LOWEST Debt/Equity ratio. It’s the same with companies as well as individuals: too much debt is problematic. Therefore, we want companies with little or no debt. Let’s look at the results.

Using 4 tadalafil online week holding period returns, this strategy has produced a backtested annual average return of 18% from 2002-2010. Here are the annual details:

Low Debt/Equity S&P 500

2002 -24% -22%

2003 88% 29%

2004 12% 11%

2005 10% 5%

2006 14% 16%

2007 3%

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2008 -44% -37%

2009 82% 26%


2010 27% 15%

Avg 18% 5%

Furthermore, the compounded annual growth rate for this time period is 11% and the backtested results of $10,000 invested at the end of 2001 are below:

Since Research Wizard contains a wide variety of fundamental data, strategies like these can be easily tested in a matter of minutes. Please click here to learn more about the screening and backtesting power of a stock research system built to help you identify winning strategies.

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