In the charts on the pages below showing returns for the Europe, U.S. and Japan, decile returns are plotted against decile rankings and a slope is computed for the line of best fit through the 10 plot points.

You will find the annual, quarterly, and monthly returns for each of the deciles as well as the returns to the benchmark index, the slope of the line of best fit, and the r-squareds showing the precision of fit around the line. These results are based upon a back-test of our most recent models. We use a date-stamped database to avoid "look-ahead" bias. In addition, firms that do not currently exist are used in the modeling process to avoid survival bias.

European Model

Japanese Model

U.S. Model

Emerging Markets Model