Decile Performance for the Japanese Model
Using Our Entire Universe of Japanese Stocks
Jan 1995 thru Sep 2016
Performance is measured by sorting expected returns from lowest to highest. The
population includes: a) Before Apr, 2004: roughly the largest 450 Japanese stocks plus additional stocks that were in the MXJP index plus stocks that are requested by individual clients; b) After Apr, 2004: the top 1,600 companies by market capitalization.
Then we divide the list into 10 groupings, or deciles. So, assuming, in a given
month, there are 1,600 companies in the universe, decile 1 (lowest expected return)
would have 160 stocks.