Millennium Finance

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Tag: Backtesting

Magic Formula: The new 2020-2021

We wrote an article on Joel Greenblatt’s Magic formula in Indian Context where we backtested the strategy between FY02 and FY20. The strategy invests in the businesses with high RoCE and low earnings yield i.e. buying good companies (that have a high return on capital) and to buying those companies only at bargain prices (that have a […]

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