Twin Momentum: Combining Price Momentum & Fundamental Momentum Into One Top Quant Model

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Introducing "Validea's Stock Screen of the Week," a series on the Validea YouTube Channel. Join us as we explore the strategies of renowned investors such as Warren Buffett, Peter Lynch, Ben Graham and many others. Each week, we'll showcase Validea's Guru Stock Screener, a tool that applies the wisdom of these investment legends and other fundamental strategies to assist in new investment idea generation. Discover how to uncover potential winning stocks by leveraging investment styles that range from value, growth, quality and beyond. This week we use the Twin Momentum Investor model, which is a academic model developed by researcher including Dashan Huang. The model combines fundamental momentum and price momentum and looks for the stocks exhibiting both types of momentum.

Today's Screen:
X Pass the Twin Momentum with at least 90% (stocks are percentile ranked based on Price Momentum and Fundamental Momentum and then sorted based on the combined rank)
X Technology Sector
X US Only Stocks
X Long-Term EPS Growth greater than 20%
X Long-Term PE/G Ration less than 2.0

Passing Names
SMCI | SUPER MICRO COMPUTER
JBL | JABIL
FICO | FAIR ISAAC
ON | ON SEMICONDUCTOR
MCHP | MICROCHIP TECHNOLOGY
FTNT | FORTINET
KLAC | KLA CORP
LRCX | LAM RESEARCH
AVGO | BROADCOM
AAPL | APPLE
AMAT | APPLIED MATERIALS
ADBE | ADOBE
SNPS | SYNOPSYS

Use the Guru Stock Screener Today
https://www.validea.com/guru-stock-sc...

About the Twin Momentum Model
Validea used the investment strategy outlined in the paper Twin Momentum written by Dashan Huang to create our Twin Momentum Investor portfolio.

This strategy looks for stocks with strong fundamental and price momentum. Fundamental momentum is determined using a combination of seven variables: earnings, return on equity, return on assets, accrual operating profitability to equity, cash operating profitability to assets, gross profit to assets and net payout ratio. Price momentum is determined using the most recent twelve month period excluding the latest month. When these two types of momentum were combined together, Huang found that the result was significant outperformance over the market.

Disclaimer
The use of the name of a financial analyst, identified as a "guru" represents the interpretation by Validea of that person's key investment analysis principles, as derived from published sources. The use of a guru's name does not mean that he personally endorses, or even agrees with any of the representations made with respect to specific securities as derived by Validea from its interpretation of his or her investment methodology. Validea IS an information service for financial institutions, investors and traders. Validea IS NOT an investment advisor, hence it does not endorse or recommend any securities or other investments. Market quotes and certain other information on this Site, as well as reference materials or links to other sites, have been carefully compiled from publicly available sources believed to be reliable and are for general informational purposes only. Accuracy or completeness of the information contained herein is not guaranteed and is not intended to be relied upon for transactional purposes. Neither Validea, its publishers, owners, investors, nor any of its data or content providers shall be liable for any errors or delays in the content, or for any actions, losses or damages, monetary or otherwise, taken in reliance of such information, judgements and opinions thereon.