HITs is a new research offering by The Applied Finance Group to provide Hedge Funds and other high frequency traders focused Buy and Sell ideas based on AFG's Economic Margin Framework. Since 1996, the HITs(tm) strategy has generated annualized returns of: 30% for large and small buy recommendations, and -7.8% and -26.35% for large and small sell recommendations.
(PRWEB) September 23, 2004 -- The Applied Finance Group (AFG), announces the release of its HITs(tm) list, an equity research product for high frequency traders looking to incorporate AFGs Economic Margin Framework(tm) into daily trading strategies. AFG Hits(tm) combines AFGs unique insights into measuring: Economic Performance, Intrinsic Value, Management Quality, and Fundamental Momentum into a tightly focused list of 10 to 30 weekly Buy and Sell Ideas. Since 1996, the AFG HITs strategy has generated outstanding returns across large and small capitalization universes.
AFG HITs(tm) has a proprietary selection process that identifies companies on the basis of 4 criteria:
· Valuation – Stocks with significant upside or downside
· Economic Performance – Stocks showing improvements/declines in their ability to create economic rather than accounting profit
· Management Quality – Companies following strategies that create or destroy value
· Fundamental Momentum - AFGs unique momentum measure that blends price, performance, and other fundamental factors
Since 1996 the AFG HITs(tm) strategy has delivered the following annualized returns:
Large Buys: 31.33%; Large Sells -7.80%
Small Buys:30.80%; Small Sells: -26.35%
Some stocks on the 9/21/04 AFG HITs(tm) list include:
Buys: DELL, BAC, LIZ, PD, AG, OSG
Sells: CCE, ABY, AMLN, AMKR
The Applied Finance Group (AFG) is an equity research firm specializing in understanding how markets value companies. AFGs proprietary Economic Margin Framework(tm) is used by over 130 of the worlds largest institutional equity investors to make Buy/Sell/Hold decisions daily. AFGs unbiased, independent research emphasizes understanding a companys true, not accounting, performance and then uses that understanding of corporate performance with a companys risk, growth, and competitive position to understand its intrinsic value. AFGs recommended buys and sells have consistently outperformed their benchmarks, providing empirical proof of their value to AFG clients.
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