The Columbine Value Model is a style-specific model designed to forecast
alphas in stocks that exhibit value characteristics. A proprietary,
quantitative analytic system evaluates value stocks on a series of
fundamental and technical factors and synthesizes those individual measures
into a comprehensive forecast of each stock's probable excess return (alpha)
as far out as three years in the future.
The model was created in the Columbine Value Universe. The Value Universe
consists of the 750 issues in the Columbine 1500 Universe that score the best
on a simple two-way screen made up of:
- Reported earnings yield (higher is better)
- Price-to-book (lower is better)
Think of the Value Universe as the “valueiest” 750 names in the Columbine 1500.
The universe is re-set quarterly.
The Value Model is appropriate for use by portfolio managers whose results are judged
against a value manager peer group, or a value style benchmark like the S&P or Russell
value indices.
We introduced the Value Model in 1991.
Request more information on the Value Model