In the past data we checked, the stocks this screen picked differed from the ones it left out, by more than luck alone would explain; this screen has no intended direction, so we do not call that an edge. 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 -0.0104. As a measurement, the score is very small. If the screen had no real edge, a score at least this far from zero would show up about 5 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 coefficient-0.0104-1 to +1; 0 means no pattern
IC p-value0.045how often luck alone would do this
Net Sharpe (out-of-sample)0.38per year, after estimated trading costs
Deflated Sharpe probability0.302Deflated 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:
- a1d7c231-4aa
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.
