Subject: Re: Port123
another observer tested a period using European stocks:

https://verdadcap.com/archive/...
1) quality signals:a company’s
a) probability of paying down debt and
b) its profitability.

2)
) value signals including
a) EBITDA relative to enterprise value,
b) free cash flow yield relative to equity, and
c) book value relative to market value.
and

3) momentum: the prior 12 month stock price return