Portfolio Selection Based on a Four-Dimensional Weighted Scoring Model

Author:

Yuan Gaocheng

Abstract

Although factor investment approaches are currently receiving a lot of attention, active investment strategies rarely apply the combination of different factors. This paper's major goal is to utilise a clearly defined model to assess if the portfolio chosen by the model offers superior total returns compared to standard indexes (S&P 100 is taken as an example in this article). The author constructs a weighted scoring model combing different indicators to well demonstrate four factors based on the identification of valuation, profitability, growth and pay-out. This paper collects data of high-capitalization corporates in US during the period from 2015 to 2021 to illustrate that an active management portfolio well designed by the weighted scoring model can outperform competing index strategies. The reported results illustrate that combined precisely weighted indicators deliver significant outcome of selected stocks, especially in the long-term condition. The 5-year return of the selected portfolio, which is determined by the model constructed, delivers the outstanding performance with returns of up to about 180%.

Publisher

Boya Century Publishing

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