In the past data we checked, we could not tell the stocks this screen picked apart from the ones it left out. We looked back over 64 months. Each month we checked whether the stocks this screen picked did better, over the following month (21 trading days), than the stocks it didn't pick. We score that from -1 (the picks always did worse) to +1 (always did better); 0 means no pattern. This screen scored 0.0063. As a measurement, the score is essentially zero. If the screen had no real edge, a score at least this far from zero would show up about 22 in 100 by luck alone. That does not mean the screen is wrong; it still works for narrowing a list of stocks by your own rules. This is a record of the past, not a prediction.
This content has been generated with the assistance of artificial intelligence tools by FINOME TECHNOLOGIES PVT LTD. It is for educational purposes only and does not constitute investment advice, a research report, or a recommendation under SEBI (Research Analysts) Regulations, 2014 or SEBI (Investment Advisers) Regulations, 2013. Not investment advice. Issued in compliance with SEBI circular SEBI/HO/MIRSD/MIRSD-SEC-5/P/CIR/2024/149.
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In the past data we checked, we could not tell the stocks this screen picked apart from the ones it left out. We looked back over 64 months. Each month we checked whether the stocks this screen picked did better, over the following month (21 trading days), than the stocks it didn't pick. We score that from -1 (the picks always did worse) to +1 (always did better); 0 means no pattern. This screen scored 0.0063. As a measurement, the score is essentially zero. If the screen had no real edge, a score at least this far from zero would show up about 22 in 100 by luck alone. That does not mean the screen is wrong; it still works for narrowing a list of stocks by your own rules.
This is a record of the past, not a prediction.
Information coefficient0.0063-1 to +1; 0 means no pattern
IC p-value0.222how often luck alone would do this
Net Sharpe (out-of-sample)0.03per year, after estimated trading costs
Deflated Sharpe probability0.096Deflated against 2 trialsthe chance it truly beats holding the index, after marking down for flukes
Annual turnover11.6how much of the portfolio is replaced each year
Out-of-sample months64months we checked, using only what was known at the time
Universe:
Today's Nifty 500 constituents (survivorship-biased: delisted names are absent)
Data window:
2019-04-01 → 2026-09-25
IC basis:
Full-sample (not out-of-sample)
Portfolio:
rebalanced monthly, 21 trading days, net of estimated costs, for a fixed position size per stock
Versions:
qp21f-nifty500-2.0.0 / 0.1.0 / 2.0.0
Record:
cbea4508-fe5
Live monitoring
Not yet testable — 4 of 6 points needed to chart a rolling information coefficient.
5-day IC 0.010 · signal date 2026-10-06 · n 4475
22-day IC 0.037 · signal date 2026-09-09 · n 3886
This is a historical, statistical measurement produced by FINOME TECHNOLOGIES PVT LTD's research harness on past data. It is not a prediction, and past results do not indicate future results. The universe is today's Nifty 500 constituents, so the sample is affected by survivorship bias. It describes how a screen's selections behaved in the past and does not constitute investment advice or a recommendation.
