Preet, Simmar; Gulati, Ankita; Gupta, Arnav; Aggarwal, Aadit - 2022
The research tried to simulate functioning and evaluate results of a value investing strategy known as Magic formula developed by Joel Greenblatt. This strategy involves ranking a set of companies based on their Return on Capital Employed (ROCE) and Price-Earning (P/E) ratio, then adding these...