Krest Tested

Investing ideas tested against history

Famous investing strategies, run against a decade of real Indian market data. Free to read, free to explore.

The Magic Formula

It beat the index, then hid a range you had to survive.

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The Piotroski score

Lost to a plain index fund.

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Coffee Can investing

Won big, but only in a bull market.

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The Acquirer's Multiple

One cheapness number that beat the market and sorted cleanly.

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Momentum

The best raw performer, if you can survive the ride.

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Low Volatility

Trailed on one number, beat the market in most multi-year holds.

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The accruals screen

A dull accounting number that quietly beat almost everything.

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Trending Value

The most elaborate value screen bought the same stocks as the simplest.

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Value plus Momentum

The pairing smoothed the calm years, but not the crash.

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Quality Momentum

A quality filter made momentum holdable, at a cost.

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Gross Profitability

A celebrated quality signal that barely sorted.

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Value Composite

The oldest idea, and the biggest return we tested.

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Quality Compounders

The most trusted idea in investing, and it lagged.

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Defensive Value

Deep value with the pain filtered out.

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Modified Safety Factor

The most boring screen, and the most reliable winner.

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FCF Yield

One of the biggest winners we tested, and one of the roughest rides.

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FCF Conversion Quality

One of the biggest returns we tested, and one of the wildest rides.

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Value + Quality + Momentum

Three proven edges, averaged into a below-average ride.

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Defensive Low-Risk Quality

The safest blue chips still lost to the index.

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Cash-Backed Earnings

A strong sort, running backwards: the cleanest profits ranked worst.

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The Conservative Formula

Beat the market by seven points, and fell no harder.

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GARP

Lagged on paper, but usually beat the market when held.

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Asset Growth Anomaly

The disciplined slow growers beat the market.

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Cash-Based Operating Profitability

The quality signal that beat the market cleanly.

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Robust Profitability

Same recipe as a winner, one measure swapped, and it lagged.

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The Leverage Premium

The heaviest solvent borrowers beat the market by five points.

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Capital Discipline

Cash gushing in, restraint going out, and it beat the market.

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The Reinvestment Compounder

The compounding formula could not see prices, and lagged.

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Net Cash Value

The market kept under pricing a pile of cash. The ten richest made 35% a year.

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Profitability Minus Accruals

Two celebrated quality signals added up to an ordinary blend, except at the very top.

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