Highest Scoring Multi-Factor Stocks

Our combined factor score ranks all stocks using a combination of value, momentum, quality, and low volatility. The stocks with the highest scores and the greatest consistency across the factors will receive the best rankings.

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Stocks With Highest Combined Scores Using Value, Momentum, Quality, and Low Volatility

Ticker Price Market Cap
($mil)
ALL $94.48 $29,508
AMX $12.73 $42,163
AZO $1,178.37 $27,526
BIIB $277.66 $43,957
CBZ $24.62 $1,346
CHE $507.43 $8,078
CHKP $123.72 $17,346
CHL $34.47 $142,800
CTXS $140.79 $17,392
DG $192.55 $48,469
DOX $61.88 $8,261
EBF $17.40 $454
HELE $201.11 $5,093
HLI $57.24 $3,977
HPQ $18.27 $26,125
HUM $407.63 $53,891
INTC $48.57 $206,568
JBSS $87.21 $1,006
MBT $9.00 $9,072
MCK $151.75 $24,612
NVO $63.69 $115,722
PGR $89.61 $52,457
REGN $621.21 $63,602
SFM $24.66 $2,909
TKC $5.20 $4,557
TSU $14.15 $6,956
WERN $41.94 $2,898
SNE $80.47 $101,152
MKTX $503.65 $19,124
MMS $76.72 $4,704
MNST $83.51 $43,973
MRK $81.05 $204,578
MSM $68.14 $3,787
LOGI $74.38 $12,750
JNJ $147.55 $388,473
IBKR $50.82 $21,112
EBAY $55.08 $38,549
DIOD $52.25 $2,690
CSWI $72.89 $1,073
CMCL $23.47 $270
FCN $117.62 $4,304
FFIV $141.34 $8,607
GRMN $102.33 $19,569
GSK $40.97 $101,971
BBL $47.01 $133,625
ATVI $86.84 $67,029
ADBE $464.11 $222,617
VOD $15.42 $40,800
TMO $415.73 $164,458
UNH $314.06 $298,462
USNA $82.55 $1,735
ABBV $92.57 $163,371
ALXN $103.90 $22,772
AMGN $241.55 $141,474
ASR $103.86 $3,111
ANTM $271.48 $68,279
BMI $65.63 $1,911
CACI $206.38 $5,177
GIB $71.79 $16,538
EXPD $84.53 $14,068
EPC $28.39 $1,543
CNXN $46.53 $1,215
CRH $38.45 $30,022
DECK $206.51 $5,784
DPZ $392.55 $15,446
DVA $82.29 $10,372
JOUT $87.40 $881
JKHY $182.43 $13,977
LKFN $47.37 $1,195
MRTN $26.62 $1,467
MSCI $372.72 $31,173
RIO $62.46 $105,319
RS $102.30 $6,522
RCII $31.86 $1,713
PWR $45.43 $6,253
QLYS $123.52 $4,812
OMAB $34.59 $1,479
NVS $83.41 $206,453
VRTX $273.34 $71,196
ODFL $187.19 $22,079
ORCL $55.28 $169,637
PFE $38.27 $212,584
SCVL $24.25 $342
MS $49.45 $77,971
INTU $312.23 $81,421
HRC $96.45 $6,424
EXPO $82.62 $4,258
FTNT $139.51 $22,552
CENT $42.96 $2,195
BLK $582.23 $88,767
BHP $56.84 $133,625
SPSC $76.89 $2,701
TGT $129.01 $64,507
TYL $364.11 $14,652
TROW $138.16 $31,360
TSCO $148.14 $17,129
ZUMZ $22.71 $578
SNPS $202.26 $30,499
SJM $110.29 $12,585
SSD $100.36 $4,362
BRO $45.62 $12,902
AIZ $118.87 $7,091
AJG $105.56 $20,211
FAF $53.22 $5,935
FFWM $15.40 $687
DSGX $58.68 $4,970
EIG $33.28 $974
DHR $205.69 $145,918
CSCO $47.77 $201,699
CMI $196.22 $28,977
HD $269.37 $289,714
INGR $77.94 $5,221
MSFT $216.35 $1,637,262
MTH $100.59 $3,783
LPG $8.93 $456
RMD $175.52 $25,392
PHM $44.72 $11,993
ORAN $11.55 $30,724
NDAQ $130.70 $21,479
TTGT $41.09 $1,131
WAT $210.64 $13,044
NEM $70.11 $56,303
NYT $46.48 $7,747
SEIC $52.38 $7,674
PJT $55.83 $2,037
POOL $328.55 $13,167
PRI $130.92 $5,253
LLY $152.88 $146,225
MANT $70.93 $2,861
MSGN $10.02 $568
JCOM $59.91 $2,859
ICE $97.46 $52,948
HUBG $53.30 $1,822
CNNE $37.74 $3,397
DELL $60.95 $45,153
EA $146.95 $42,427
GLDD $9.46 $614
ANSS $315.25 $26,984
CDNS $110.52 $30,812
STC $43.17 $1,023
VRSN $211.80 $24,326
V $198.77 $422,956
UNF $192.47 $3,636
WST $273.89 $20,224
WU $22.76 $9,352
STT $66.54 $23,448
SYBT $40.78 $924
SLP $65.08 $1,160
SNY $51.50 $129,014
TER $90.86 $15,086
BSTC $64.01 $470
BBY $102.75 $26,541
BCPC $101.96 $3,298
ASML $369.23 $155,451
AY $29.93 $3,041
AKAM $109.18 $17,717
FB $265.28 $755,734
FELE $57.56 $2,659
ELP $11.76 $3,256
DGX $124.51 $16,722
COST $343.31 $151,580
CSL $121.38 $6,625
HIG $41.58 $14,894
IX $60.19 $15,850
MDT $96.73 $129,744
LSTR $125.98 $4,835
LFC $11.91 $136,513
PRGS $36.72 $1,654
POWI $120.31 $3,596
PYPL $204.09 $239,598
ROCK $62.69 $2,032
ROL $53.63 $17,578
SAIA $122.93 $3,214
WSO $233.58 $8,975
VEEV $271.23 $40,724
WASH $33.90 $585
RNR $184.53 $9,451
SCL $112.82 $2,529
SF $50.24 $3,441
RDY $61.18 $10,163
REGI $32.48 $1,268
RGLD $142.80 $9,365
NVR $3,873.98 $14,343
NFLX $509.08 $224,512
PAC $71.66 $4,013
LANC $160.81 $4,425
LULU $339.18 $44,164
LXP $11.92 $3,293
MLI $29.15 $1,655
ISRG $691.25 $80,894
KBAL $11.14 $410
ICLR $189.34 $9,965
DHI $67.62 $24,594
DLB $69.87 $7,029
FAST $47.94 $27,500
FIX $51.50 $1,879
GNRC $172.98 $10,861
FN $75.84 $2,785
AOS $48.60 $7,831
AMSF $64.83 $1,253
AMTD $35.85 $19,392
BABA $265.68 $718,575
CHD $95.12 $23,524
SWKS $148.07 $24,733
STE $155.98 $13,251
WAFD $23.67 $1,792
UTHR $112.20 $4,983
TTEK $91.58 $4,935
STN $33.22 $3,710
SNX $127.89 $6,586
SMP $46.20 $1,032
SLF $40.54 $23,792
THG $102.99 $3,887
CABO $1,837.02 $11,053
CAG $37.47 $18,257
CBSH $58.41 $6,515
BAX $80.37 $40,686
BIO $525.22 $15,587
ATHM $90.13 $10,732
ABT $101.75 $180,151
ADP $136.52 $58,673
AEL $23.55 $2,155
FIZZ $63.13 $2,943
EPAM $297.48 $16,552
EW $77.41 $48,129
DAR $29.41 $4,760
CSGP $831.50 $32,734
CSGS $43.04 $1,423
KB $30.71 $12,814
HMSY $32.36 $2,861
MGRC $59.84 $1,441
MHH $22.02 $247
KMPR $83.26 $5,439
PDM $16.33 $2,058
PBH $40.79 $2,047
MYRG $37.08 $620
NUAN $29.60 $8,326
SFBS $36.78 $1,982
RSG $87.90 $27,980
UN $58.97 $156,565
UMC $4.60 $11,075
TTWO $177.34 $20,277
TSM $80.52 $384,226
TMUS $108.10 $133,914
RHI $52.80 $6,053
SINA $40.41 $2,642
SIRI $5.92 $25,695
SBH $12.57 $1,419
RELX $22.11 $42,527
RE $223.66 $8,944
RBC $95.51 $3,870
NVMI $55.00 $1,544
NBTB $30.28 $1,320
ORLY $466.07 $34,535
KSU $185.42 $17,494
MAS $57.43 $15,020
LMT $379.74 $106,153
MFC $14.59 $28,411
MET $36.98 $33,563
MSA $119.84 $4,661
ICFI $70.99 $1,337
HZNP $72.22 $13,778
HCKT $13.46 $403
JAZZ $127.07 $7,047
INFY $12.83 $55,049
CRMT $93.81 $640
CPRT $98.82 $23,201
CPSI $29.01 $421
CTSH $67.58 $36,645
ESE $90.56 $2,358
ETFC $51.38 $11,360
FF $13.71 $600
GGG $54.15 $9,027
AB $27.41 $2,643
A $97.45 $30,090
ALSN $37.01 $4,189
AVY $114.45 $9,552
APT $17.85 $242
ARCB $30.05 $763
BIG $44.79 $1,757
BERY $52.84 $7,007
BAH $82.90 $11,424
BRC $47.30 $2,458
BMY $61.33 $138,771
CATY $24.85 $1,977
CAH $53.11 $15,507
CDW $114.79 $16,337
THFF $33.91 $465
SYKE $32.43 $1,299
TDY $321.92 $11,867
SNA $146.23 $7,965
SRCE $33.69 $861
UL $60.42 $156,565
WABC $60.86 $1,640
STX $44.96 $11,538
SPGI $352.57 $84,969
TCBK $28.90 $860
CHCO $63.92 $1,032
CCOI $79.05 $3,727
CDK $47.03 $5,715
ASGN $69.39 $3,643
AME $97.52 $22,394
AMED $235.39 $7,642
ABC $101.61 $20,668
GRBK $14.74 $746
GRC $31.99 $835
FBHS $78.43 $10,835
ETN $96.51 $38,614
CSX $72.27 $55,290
ILMN $399.33 $58,702
ITT $59.43 $5,135
KAI $112.29 $1,288
GWW $346.59 $18,567
HII $162.80 $6,589
HWKN $51.09 $545
HOLX $70.25 $18,194
MPWR $282.50 $12,688
MED $164.44 $1,937
MDLZ $55.49 $79,258
MLM $213.08 $13,268
PINC $34.24 $4,170
NATI $36.24 $4,763
NGHC $33.95 $3,850
NOW $430.33 $82,537
QGEN $46.87 $10,819
PLXS $78.25 $2,284
PKG $95.01 $9,011
SCHW $33.14 $42,665
SIVB $229.38 $11,868
ROP $436.98 $45,619
WDFC $196.72 $2,688
WMK $48.73 $1,311
VOYA $49.59 $6,255
TX $16.73 $3,284
WTS $88.97 $2,996
ZTS $161.33 $76,622
SIGI $55.22 $3,303
PLUS $76.47 $1,036
PPG $111.44 $26,297
NRG $33.98 $8,294
NTRS $80.06 $16,660
NICE $224.85 $14,017
OGS $74.92 $3,965
MOH $194.26 $11,520
KT $9.87 $5,240
KR $35.03 $27,251
KMB $156.47 $53,364
KNSL $206.45 $4,605
LII $270.88 $10,362
HSIC $66.98 $9,563
HVT $14.66 $275
HUBB $140.37 $7,612
HCA $132.32 $44,729
K $69.23 $23,740
KFY $29.92 $1,635
KGC $9.76 $12,274
IEX $166.52 $12,574
INFO $82.72 $32,824
IRBT $72.81 $2,030
COO $300.38 $16,020
COG $19.83 $7,904
COLM $74.68 $4,938
CNS $60.12 $2,872
CM $70.38 $31,332
DHT $5.68 $835
EME $72.77 $3,996
EGBN $29.97 $966
DOOR $87.28 $2,138
DOV $105.24 $15,151
EOS $18.74 $919
GOLF $34.83 $2,587
FNF $34.59 $10,349
FRC $113.95 $19,539
AAPL $455.61 $1,948,022
AMT $255.51 $113,269
AMZN $3,225.00 $1,615,369
ANET $236.38 $17,895
APD $282.99 $62,511
CIEN $60.95 $9,365
SJR $18.66 $9,597
SIMO $40.33 $1,417
SSNC $60.12 $15,405
TTEC $58.15 $2,710
TRV $113.74 $28,798
WD $55.95 $1,742
WAL $35.79 $3,609
SON $52.69 $5,289
SPWH $16.88 $734
SPXC $42.14 $1,883
APH $108.35 $32,329
ABMD $314.98 $14,188
AMP $155.85 $19,066
AMAT $63.61 $58,297
FRO $8.16 $1,653
FSS $31.50 $1,903
FWRD $54.30 $1,519
FFIN $30.93 $4,393
FICO $441.06 $12,790
ECPG $46.25 $1,445
CMC $21.68 $2,581
CNI $99.46 $71,021
CPB $49.88 $15,072
CW $99.69 $4,145
CRUS $65.05 $3,798
INVA $13.43 $1,362
IDXX $389.78 $33,153
INDB $65.48 $2,157
JRVR $45.53 $1,391
HCSG $26.61 $1,980
HIW $38.88 $4,039
HDS $36.84 $5,968
HZO $29.88 $646
IBOC $31.95 $2,022
HSTM $22.34 $715
HRL $51.18 $27,584
LPLA $82.73 $6,543
MTD $938.25 $22,491
OSK $79.98 $5,447
PFSI $50.49 $4,000
PETS $31.62 $641
NKE $100.45 $156,691
NTCT $24.41 $1,769
PRFT $40.84 $1,358
PRSC $86.55 $1,113
RGR $85.40 $1,494
WNS $64.46 $3,211
VMC $126.40 $16,740
USM $29.94 $2,556
TSN $62.46 $22,752
TRMB $49.05 $12,251
TXN $133.74 $122,498
UNP $179.61 $121,926
UTI $8.28 $270
SBUX $75.66 $88,447
PSB $135.83 $3,733
PSO $7.99 $5,972
QRVO $135.23 $15,448
RCI $41.90 $21,325
NSIT $54.17 $1,899
NTAP $42.21 $9,368
NHC $62.72 $963
PEP $135.86 $188,116
PHG $52.59 $47,482
PAM $11.59 $1,266
MUSA $138.55 $4,043
MXIM $69.09 $18,425
MHO $41.44 $1,183
MCY $44.45 $2,461
MEDP $122.02 $4,320
HLF $52.63 $7,778
KFRC $29.23 $641
DEO $135.87 $78,921
DLTR $95.60 $22,679
CZZ $18.80 $4,170
EVR $60.37 $2,832
GOLD $29.50 $52,642
GNTX $27.05 $6,624
AMPH $20.27 $936
ALLE $99.20 $9,150
ALGN $301.80 $23,778
ATSG $25.28 $1,506
AVAV $83.10 $2,000
CFFN $9.92 $1,404
CCF $101.34 $957
CBPO $106.81 $4,110
BMO $55.89 $35,911
BR $135.36 $15,542
BAP $124.20 $11,722
BCC $43.57 $1,708
T $29.84 $212,610
TRU $86.54 $16,451
TRST $5.90 $569
VCTR $18.23 $1,237
VGR $8.98 $1,375
VMI $124.31 $2,655
WMT $129.35 $366,313
WING $168.68 $4,993
ZTO $37.53 $29,420
TFX $369.57 $17,191
SPNS $30.70 $1,542
SLGN $38.06 $4,220
SMG $156.76 $8,700
BTI $33.32 $75,656
BMCH $29.75 $1,995
CBRE $42.25 $14,165
BWA $38.68 $8,019
BWXT $56.41 $5,375
AYI $102.42 $4,060
ACGL $31.32 $12,715
AFG $62.88 $5,649
AFL $35.41 $25,244
ACN $230.89 $153,243
GS $204.25 $70,239
GEF $37.26 $1,912
ENTG $72.79 $9,813
ECHO $25.64 $682
ECOM $18.95 $538
EL $199.24 $71,726
DUK $84.21 $61,882
CTAS $303.03 $31,363
KLAC $203.59 $31,566
IPG $18.53 $7,225
HAE $75.65 $3,835
HON $152.58 $107,078
MDU $23.07 $4,626
MGA $49.13 $14,674
MCD $203.18 $151,076
MTB $103.57 $13,285
MSI $144.03 $24,495
LOW $151.19 $114,149
MASI $219.24 $12,047
LAUR $12.72 $2,670
PAYX $72.59 $26,043
PCTY $134.41 $7,216
OPY $23.48 $295
OLLI $103.13 $6,781
OMC $53.68 $11,534
OMCL $68.04 $2,910
NVDA $453.42 $278,853
PRGO $50.46 $6,878
SBAC $307.33 $34,306
SCI $46.54 $8,201
RPM $83.94 $10,900
WLTW $199.95 $25,765
WM $110.37 $46,627
VZ $57.83 $248,174
TKR $50.66 $3,804
RMR $28.00 $877
RMAX $33.20 $602
NWLI $193.02 $702
NOMD $24.56 $4,830
NBHC $28.20 $862
NBIX $116.02 $10,819
PCAR $87.36 $30,240
PFG $42.95 $11,791
LECO $93.48 $5,549
MA $330.14 $330,490
LRCX $377.81 $54,844
LRN $49.36 $2,023
LSCC $30.99 $4,172
LSI $99.84 $4,684
MCO $279.32 $52,428
MDC $44.94 $2,849
MMM $156.00 $89,859
IDA $91.10 $4,597
ITGR $63.90 $2,099
ITW $187.95 $59,379
JD $64.91 $101,924
CTL $10.56 $11,590
CME $163.97 $58,797
CMG $1,186.80 $33,192
EHC $68.07 $6,769
FLT $263.00 $22,040
FMC $108.25 $14,013
AEE $81.06 $20,013
B $38.70 $1,956
APEI $29.72 $439
ARW $74.65 $5,795
CHTR $602.14 $123,378
BLD $139.10 $4,602
BK $35.99 $31,867
SNDR $24.62 $4,366
SPTN $21.41 $764
SYK $188.59 $70,793
TNET $67.89 $4,569
TREX $138.61 $8,022
TPH $17.00 $2,216
URI $168.65 $12,156
WIRE $52.39 $1,081
WIT $4.29 $21,282
ZNGA $9.95 $10,676
ZION $32.57 $5,337
YUM $90.99 $27,387
SMCI $30.09 $1,562
BLL $74.44 $24,268
CL $75.86 $65,042
CERN $69.95 $21,361
AMKR $13.41 $3,234
AVGO $329.16 $132,383
ASB $13.18 $2,025
AEM $84.10 $20,443
FR $43.19 $5,494
G $41.76 $7,952
GIS $64.18 $39,141
FHB $17.40 $2,260
FDS $353.37 $13,426
FBC $31.07 $1,769
EMR $65.12 $38,908
ECL $194.20 $56,168
DEI $29.18 $5,117
CPF $15.63 $440
CORT $13.97 $1,614
CPRX $4.14 $429
CRI $78.07 $3,407
JOBS $70.00 $4,672
KBH $35.05 $3,173
IPAR $43.48 $1,371
HOLI $12.41 $751
HSY $143.67 $29,887
HMN $38.93 $1,607
MSTR $123.35 $1,195
MYE $15.78 $565
MWA $11.01 $1,737
LNT $53.34 $13,309
LEN $73.29 $22,218
KO $47.48 $203,947
PAYC $298.66 $17,491
OSIS $74.18 $1,336
NOC $326.34 $54,405
NSC $195.77 $49,943
RJF $71.95 $9,859
RGP $12.19 $392
SEDG $206.32 $10,240
SBCF $19.99 $1,059
SBSI $28.00 $925
PRAH $108.65 $6,924
PRK $82.13 $1,339
PSA $196.08 $34,273
PM $77.12 $120,098
POR $42.02 $3,761
PNR $43.36 $7,194
PLD $104.88 $77,482
RF $10.84 $10,403
QDEL $285.35 $11,970
ZBRA $286.73 $15,294
WINA $162.95 $608
WBA $40.89 $35,433
WDR $14.87 $969
WEC $92.99 $29,332
VHC $5.36 $380
VAR $173.09 $15,742
TM $128.34 $210,177
TTC $71.49 $7,662
QCOM $111.06 $125,305
PNC $107.03 $45,435
PRU $64.65 $25,537
PRIM $18.05 $871
SCCO $46.17 $35,693
SHG $25.86 $12,357
RXN $30.01 $3,621
NWSA $13.51 $7,948
NEOG $80.39 $4,258
OTEX $46.25 $12,571
ORI $16.18 $4,919
PB $56.31 $5,218
PFBC $37.17 $554
PG $132.71 $328,542
KRNY $7.70 $696
LH $189.77 $18,484
LOPE $102.33 $4,838
MANH $96.00 $6,098
MEI $29.54 $1,109
HMC $25.24 $45,444
HEAR $18.31 $267
IP $35.27 $13,864
CVCO $205.19 $1,883
DRE $39.63 $14,685
EWBC $35.74 $5,057
EXC $37.90 $36,934
EXEL $22.81 $6,995
ESS $219.98 $14,391
ESNT $36.09 $3,992
FBM $15.28 $660
GLOB $184.14 $7,285
ABG $103.91 $2,004
AJRD $42.92 $3,374
ATH $34.01 $6,606
AUDC $35.98 $1,172
AWK $146.97 $26,605
CLGX $67.37 $5,353
CI $173.07 $63,860
CIGI $59.15 $2,290
CCI $163.87 $68,771
BMRN $119.65 $21,637
BNS $42.24 $51,146
BSBR $5.54 $20,972
BRKL $9.60 $757
BCE $42.91 $38,910
BANF $42.88 $1,401
SNBR $46.83 $1,298
SLM $6.87 $2,578
SSTK $57.16 $2,040
TU $18.05 $22,929
TRNO $61.58 $4,169
TOT $39.31 $103,988
UMBF $50.64 $2,432
UBS $12.24 $47,003
UCBI $18.35 $1,586
VALE $11.53 $61,763
VIAV $14.30 $3,260
XEL $70.10 $36,826
XLNX $108.66 $26,547
STM $28.91 $26,349
SKM $20.52 $15,012
TJX $53.41 $63,979
CCU $14.36 $2,672
BXS $21.79 $2,278
ATKR $29.17 $1,379
ASA $24.27 $468
ALG $107.13 $1,271
AGM $61.86 $656
AMCX $23.55 $1,226
AAON $56.92 $2,962
GMS $25.18 $1,073
FULT $9.79 $1,584
FRME $25.13 $1,352
FORM $28.50 $2,196
FCFS $58.88 $2,440
FLIR $37.46 $4,901
ED $73.92 $24,697
EGOV $22.03 $1,476
ELS $67.06 $12,215
EMD $13.16 $795
DNKN $68.00 $5,594
DCI $50.86 $6,415
CVS $64.12 $83,811
CSIQ $23.62 $1,395
CUBE $29.14 $5,641
CROX $37.53 $2,532
CRVL $78.04 $1,405
COLB $28.92 $2,071
INSW $17.26 $498
JPM $97.24 $296,349
HEI $100.51 $12,041
GTY $29.56 $1,239
HSII $20.21 $391
LAD $242.50 $5,539
PH $193.03 $24,750
NTB $25.92 $1,317
SAP $161.98 $197,062
ROK $221.95 $25,739
SCPL $15.41 $1,947
PKI $119.05 $13,261
PKX $41.97 $14,776
WRK $29.49 $7,645
TRMK $23.11 $1,466
PNM $42.84 $3,412
POST $91.63 $6,247
RBA $48.92 $5,298
SAM $844.76 $10,314
OTTR $40.22 $1,626
LGIH $112.85 $2,831
LDOS $91.01 $12,941
MAN $72.07 $4,184
LZB $30.00 $1,389
MKSI $125.76 $6,933
MMC $118.77 $60,160
MTRN $58.54 $1,190
MOMO $20.48 $4,274
MSEX $66.10 $1,154

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Performance Disclaimer: Returns presented on Validea.com are model returns and do not represent actual trading. As a result, they do not incorporate any commissions or other trading costs or fees. Model portfolios with inception dates on or after 12/30/2005 include a combination of back tested and live model returns. The back-tested performance results shown are hypothetical and are not the result of real-time management of actual accounts. The back-testing of performance differs from actual account performance because the investment strategy may be adjusted at any time, for any reason and can continue to be changed until desired or better performance results are achieved. Back-tested returns are presented to provide general information regarding how the underlying strategy behind the portfolio performed in our historical testing. A back-tested strategy has the benefit of hindsight and the results do not reflect the impact that material economic or market factors may have had on advisor's decision-making if actual client assets were being managed using this approach.

Optimal portfolios presented on Validea.com represent the rebalancing period that has led to the best historical performance for each of our equity models. Each optimal portfolio was determined after the fact with performance information that was not available at portfolio inception. As a result, an investor could not have invested in the optimal portfolio since its inception. Optimal portfolios are presented to allow investors to quickly determine the portfolio size and rebalancing period that has performed best for each of our models in our historical testing.

Both the model portfolio and benchmark returns presented for all equity portfolios on Validea.com are not inclusive of dividends. Returns for our ETF portfolios and trend following system, and the benchmarks they are compared to, are inclusive of dividends. The S&P 500 is presented as a benchmark because it is the most widely followed benchmark of the overall US market and is most often used by investors for return comparison purposes. As with any investment strategy, there is potential for profit as well as the possibility of loss and investors may incur a loss despite a past history of gains. Past performance does not guarantee future results. Results will vary with economic and market conditions.