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)
AGCO $134.25 $10,116
AN $119.40 $8,548
ARCB $64.44 $1,636
CASH $49.04 $1,566
CTRN $80.05 $743
EVR $128.66 $5,982
HPQ $29.53 $35,473
HVT $36.62 $669
HZO $53.61 $1,166
LH $300.08 $29,318
MLI $42.97 $2,456
MYRG $96.23 $1,623
PIPR $129.12 $2,358
RIO $89.39 $145,228
RS $157.44 $9,995
SF $65.77 $6,912
SID $8.88 $12,002
TCS $11.06 $559
TX $49.77 $9,770
UMC $10.65 $26,423
VALE $21.74 $114,542
VSTO $43.53 $2,498
WIRE $79.39 $1,639
ZUMZ $44.16 $1,138
WIT $8.57 $44,020
WSM $158.70 $11,921
VCTR $31.97 $2,168
TD $66.73 $121,299
TGT $262.20 $129,717
SSTK $105.00 $3,845
SIGI $80.73 $4,852
SAFM $184.22 $4,114
SB $3.41 $407
RJF $129.52 $17,798
RM $53.46 $568
RF $19.62 $18,860
PWR $91.18 $12,706
PSEC $8.12 $3,149
OMI $42.76 $3,213
NSIT $100.25 $3,541
MATX $70.36 $3,058
LOGI $108.72 $18,706
LPX $55.32 $5,657
IP $58.71 $22,946
KFRC $63.09 $1,383
HLI $83.63 $5,703
HIBB $89.46 $1,432
HIG $65.21 $22,640
EBSB $19.49 $1,025
EME $120.73 $6,490
CTS $34.97 $1,134
DECK $430.44 $11,907
CM $114.42 $50,929
BOCH $13.65 $230
BOMN $31.62 $935
BPOP $73.10 $5,891
BSBR $7.86 $29,470
BG $77.24 $10,946
ARW $119.96 $8,897
ANAT $163.85 $4,405
AFL $55.60 $37,293
ALL $130.71 $39,127
AFG $127.81 $10,877
AAWW $67.51 $1,958
ABCB $48.76 $3,400
ATHM $42.32 $11,285
BGFV $23.90 $533
CBZ $32.62 $1,720
HONE $13.71 $770
GNRC $402.09 $25,313
JOUT $117.85 $1,192
LKQ $52.11 $15,746
RCKY $58.56 $427
TGP $14.09 $1,225
TGNA $17.50 $3,864
TCBK $40.05 $1,190
TROW $209.66 $47,580
STC $57.26 $1,535
QCRH $49.09 $778
SAN $3.74 $63,816
RY $100.75 $143,556
SEM $39.66 $5,348
VOD $16.68 $45,477
WTS $155.49 $5,236
LFC $8.43 $104,536
KFY $68.38 $3,693
IPG $36.03 $14,182
III $5.95 $286
GOLF $53.44 $3,958
GPI $169.12 $3,072
GRBK $25.83 $1,310
GIB $90.95 $19,922
HLF $50.77 $5,993
HSII $41.71 $815
OPY $44.58 $566
NWL $25.22 $10,729
OC $96.10 $9,911
PRIM $30.28 $1,627
CCS $71.62 $2,418
CENT $49.07 $2,520
CACI $256.44 $6,039
BKU $40.13 $3,742
AZO $1,660.11 $35,767
ANF $38.55 $2,372
ABG $198.22 $3,834
ACBI $24.40 $496
ALTA $40.97 $774
AIZ $158.04 $9,572
COKE $392.24 $3,677
DAR $69.44 $11,331
DFS $126.01 $37,736
EIG $41.46 $1,173
ENVA $32.19 $1,187
DOX $76.30 $10,004
DKS $108.25 $9,663
ESI $23.42 $5,798
ESXB $10.56 $235
EXLS $117.63 $3,902
EXP $143.09 $5,993
EXPD $126.62 $21,384
FELE $82.33 $3,827
ENSG $85.26 $4,701
DELL $98.43 $75,794
CRAI $84.09 $616
CORE $41.87 $1,892
ACGL $39.34 $15,878
ATH $66.42 $12,751
ATLC $44.85 $746
BRKL $14.66 $1,146
ORI $24.65 $7,536
PAG $89.99 $7,229
MSI $224.99 $38,174
HTH $32.29 $2,620
ICFI $88.39 $1,665
IESC $54.83 $1,143
HMST $38.50 $822
GEF $61.92 $2,992
JCOM $142.15 $6,413
WRB $72.55 $12,869
ZION $52.74 $8,640
SBSW $17.59 $12,831
SFM $24.43 $2,886
SYF $47.12 $26,844
TRI $105.29 $52,187
TSM $118.41 $551,513
THC $72.13 $7,722
SLM $18.93 $5,789
SC $41.57 $12,724
SCHN $52.09 $1,434
SCVL $33.74 $956
SAIA $235.51 $6,202
QIWI $10.04 $630
QRVO $195.18 $21,716
Y $659.65 $9,187
WAL $93.56 $9,751
USNA $97.14 $1,966
UMPQ $18.99 $4,190
J $129.46 $16,858
INFY $22.88 $94,466
GILD $69.83 $87,579
GGB $5.99 $9,876
FWRD $89.21 $2,437
HOG $39.90 $6,131
IBCP $21.34 $465
IBN $18.81 $64,312
NCBS $73.00 $714
MBIN $34.97 $1,071
MAN $117.49 $6,406
MCY $60.74 $3,363
OSIS $98.27 $1,767
PHM $55.37 $14,370
PERI $19.57 $638
PEBO $29.53 $581
AVNW $36.96 $413
AOS $71.64 $11,404
ABM $47.19 $3,168
CMC $32.52 $3,921
CINF $118.94 $19,171
DEO $200.00 $116,658
DHI $97.55 $34,942
DIOD $84.20 $3,757
FDX $280.81 $75,074
FIX $74.89 $2,719
ETH $23.61 $595
CVCY $22.59 $283
CSWI $119.58 $1,882
CF $46.45 $9,964
AGX $45.29 $714
ANTM $395.29 $96,378
AMCX $47.96 $2,025
AX $47.69 $2,825
BABA $197.38 $536,514
BBVA $6.62 $44,048
BBY $114.65 $28,717
BLK $880.21 $134,255
PJT $76.13 $2,718
PNR $76.75 $12,730
MLM $362.53 $22,614
MTZ $101.64 $7,553
NLSN $23.54 $8,446
NMM $22.65 $528
HOLX $75.74 $19,199
GRMN $160.98 $30,960
GS $380.36 $129,232
KEYS $166.71 $30,712
KNOP $18.29 $609
UHS $160.62 $13,689
VMI $237.89 $5,046
VGR $13.44 $2,072
WAFD $32.01 $2,318
WERN $46.00 $3,125
SCCO $65.45 $50,598
SNA $223.27 $12,050
SJM $132.81 $14,392
TBK $77.01 $1,934
SPSC $111.84 $4,007
SPWH $17.84 $782
SRCE $45.29 $1,133
SXT $87.07 $3,681
THG $134.83 $4,814
TITN $28.41 $640
TKC $4.56 $4,018
TMO $536.99 $211,052
TTE $44.77 $118,098
TTEC $102.41 $4,795
TTGT $72.69 $2,046
SASR $42.00 $1,985
RBC $147.69 $6,010
WASH $49.49 $857
WRK $49.73 $13,234
VIV $8.05 $13,647
VEDL $16.95 $15,593
UMBF $93.00 $4,496
UVSP $26.99 $793
LPG $13.19 $542
JD $70.24 $111,061
JCI $72.29 $51,487
INTC $54.06 $219,321
FTNT $297.76 $48,629
GL $92.35 $9,517
NFBK $16.57 $850
NTCT $28.22 $2,091
NBTB $35.85 $1,557
MGRC $78.49 $1,901
MED $285.11 $3,353
MCB $72.19 $602
PSO $11.44 $8,584
PKI $185.07 $20,745
PGR $96.61 $56,532
ODFL $273.82 $31,753
BMI $101.91 $2,973
BKE $43.09 $2,145
AWI $108.73 $5,176
AVT $41.97 $4,176
CE $156.23 $17,360
AMRK $51.55 $574
ASML $779.53 $324,080
AAP $215.40 $14,096
CHKP $127.17 $16,888
CNA $43.99 $11,950
COF $161.43 $72,016
CRH $50.75 $39,323
DHT $5.72 $981
FBP $12.24 $2,639
FINV $6.51 $1,845
FCN $145.23 $4,978
FHB $27.41 $3,573
FNF $43.74 $12,643
EGBN $55.45 $1,772
DVA $123.15 $13,079
ECHO $31.95 $851
EAF $11.56 $3,090
EPAM $571.21 $32,219
FAF $66.70 $7,332
DHR $302.33 $215,833
DDS $176.31 $3,728
DE $365.86 $114,127
CYH $13.34 $1,762
CSL $203.12 $10,588
COWN $39.24 $1,139
CPF $25.63 $723
CMRE $11.00 $1,348
CHE $474.72 $7,468
CFG $42.87 $18,260
CLAR $29.99 $944
AB $50.23 $5,013
AJG $138.55 $28,645
ASB $20.01 $3,061
AMAT $142.16 $129,932
CATY $38.12 $3,037
OMF $60.87 $8,145
PRGS $45.98 $2,012
POST $102.00 $6,490
MC $58.34 $3,842
MBT $8.68 $8,656
MSCI $619.07 $51,038
GMS $48.55 $2,091
HRC $138.73 $9,131
JBL $60.01 $8,751
JW.A $59.45 $3,310
LSTR $158.07 $6,050
KT $14.55 $7,616
LEN $107.29 $32,788
UI $317.32 $19,932
UCBI $29.11 $2,526
VRTV $63.88 $1,001
ZBRA $546.74 $29,257
WBA $47.49 $41,078
WMK $54.20 $1,458
ROCK $71.56 $2,335
SIVB $548.45 $30,820
SLF $51.76 $30,304
SNBR $97.50 $2,303
SMP $42.56 $944
TOL $59.73 $7,369
TOWN $29.83 $2,167
TPH $24.55 $2,794
TIMB $11.00 $5,324
STRL $22.39 $640
SNPS $289.20 $44,125
SONY $103.68 $132,072
SPH $15.80 $988
SWBI $25.24 $1,212
TAP $49.13 $10,700
TPX $42.61 $8,597
TRV $150.39 $37,521
SLCT $15.91 $274
SBSI $36.01 $1,176
RDN $22.54 $4,312
WAT $391.75 $24,171
XPO $85.80 $9,586
UEIC $46.70 $643
LBAI $16.33 $826
KN $20.12 $1,851
LPLA $136.95 $10,948
ISBC $13.95 $3,455
IBKR $61.32 $26,005
HCA $253.51 $85,417
GNW $3.40 $1,723
GNTX $33.89 $8,186
GSK $40.64 $100,354
GGG $79.71 $13,530
MMS $87.66 $5,389
MANT $84.37 $3,426
NICE $275.15 $17,307
POOL $480.44 $19,266
PPG $165.63 $39,313
PRFT $98.00 $3,227
PFS $21.88 $1,706
NWBI $13.25 $1,686
ORCL $89.74 $250,554
CBRE $96.21 $32,301
BNS $62.39 $75,553
BZH $17.63 $552
AVY $213.97 $17,761
BIO $745.69 $21,958
BMO $99.13 $64,127
AMKR $25.96 $6,343
ATKR $83.93 $3,943
DAC $69.23 $1,426
DGX $145.36 $17,760
FB $351.24 $990,302
FBMS $38.84 $816
FFWM $24.01 $1,075
ERIC $11.68 $38,792
DLB $99.69 $10,107
DLTH $15.77 $521
DSGX $72.88 $6,157
FL $55.56 $5,753
FBC $47.13 $2,488
EWBC $72.49 $10,284
ESGR $257.26 $5,710
CSCO $56.25 $237,049
CMA $69.37 $9,290
CNOB $26.40 $1,050
AGRO $9.52 $1,122
A $153.86 $46,688
ADM $59.79 $33,445
BLD $216.73 $7,165
BHP $79.73 $184,161
AVGO $486.79 $199,711
AXTA $30.24 $6,960
BBL $66.48 $184,161
BCPC $132.06 $4,275
BOOT $86.25 $2,547
NVS $92.71 $227,469
NWSA $24.07 $14,019
NWG $5.81 $33,421
NVR $5,295.23 $19,257
OMCL $148.79 $6,426
PKX $75.58 $25,849
PBH $53.42 $2,674
PBR $10.69 $68,615
PTC $132.41 $15,473
NAVI $20.74 $3,481
MTG $13.81 $4,686
MET $58.29 $51,028
MFC $19.16 $37,197
MDU $32.45 $6,529
MLHR $44.32 $2,617
FRME $40.53 $2,204
HCI $101.55 $861
HCSG $26.05 $1,945
INTU $530.18 $144,877
IPAR $78.05 $2,470
JAZZ $171.50 $10,457
IX $90.52 $22,878
LII $332.43 $12,355
UNF $215.69 $4,074
VIAV $16.66 $3,809
WSO $283.32 $11,009
WST $422.19 $31,233
WMS $122.40 $8,828
WINA $207.97 $755
REGI $59.32 $2,827
PYPL $273.50 $321,371
RILY $65.21 $1,799
SEIC $61.21 $8,635
SBCF $30.39 $1,680
TTEK $133.76 $7,233
TGH $33.54 $1,680
SYKE $53.75 $2,139
SPB $85.76 $3,656
SNY $51.50 $129,616
SSD $112.51 $4,886
STN $47.10 $5,263
TEF $4.83 $27,054
TRTN $52.62 $3,546
TRMB $85.81 $21,535
TRMK $29.55 $1,874
SAFT $77.19 $1,157
SCHW $67.41 $127,159
RGA $111.55 $7,584
QADA $87.03 $1,799
REGN $586.51 $62,477
RELX $30.10 $57,338
RCI $51.08 $25,824
VIRT $25.81 $4,898
TXN $189.34 $174,801
LAKE $25.89 $208
JBSS $92.46 $1,060
IVZ $24.50 $11,304
INSW $16.38 $460
HIMX $13.74 $2,388
ICE $119.12 $67,083
MHO $64.37 $1,887
MOS $31.34 $11,902
MAT $21.81 $7,607
MXIM $98.75 $26,501
NFLX $510.82 $226,087
NOMD $26.01 $4,594
PRG $42.71 $2,840
PRI $146.35 $5,768
PLUS $92.61 $1,251
NVMI $96.61 $2,730
NUE $106.67 $31,920
NX $24.69 $829
ORAN $11.35 $30,014
BAC $38.55 $324,394
BDSI $3.90 $384
BMTC $39.04 $778
ADBE $621.28 $295,978
ATUS $30.18 $13,796
CODI $25.21 $1,636
CRVL $154.29 $2,775
CRMT $158.40 $1,074
CSV $36.99 $668
CUBI $37.50 $1,210
DOV $169.67 $24,426
EQNR $20.25 $65,069
EPC $41.12 $2,235
ENTG $122.74 $16,643
ECOM $23.29 $692
DOW $62.23 $46,409
ERII $20.47 $1,177
FLGT $100.46 $2,914
FLIC $21.28 $504
FLO $23.50 $4,975
CSX $32.43 $73,113
CROX $137.09 $8,552
CLBK $18.08 $1,964
CI $233.96 $80,282
ATVI $79.83 $62,029
AMSF $57.07 $1,105
ADP $213.44 $90,823
AA $40.38 $7,546
AIN $85.63 $2,766
AKAM $119.82 $19,530
BERY $65.26 $8,804
BRC $55.44 $2,886
BX $115.16 $139,085
CAC $44.95 $672
CDW $185.29 $25,978
OSK $118.71 $8,148
NYT $43.21 $7,253
PLXS $89.31 $2,554
NNI $75.27 $2,900
NTAP $81.73 $18,309
NHC $76.18 $1,172
NLOK $24.50 $14,241
MT $34.91 $38,378
LZB $34.02 $1,539
MDRX $17.36 $2,451
MDC $53.59 $3,785
MO $47.79 $88,128
MRTN $15.64 $1,295
MGPI $59.29 $1,301
MHK $199.31 $13,758
MKL $1,206.50 $16,599
IDT $50.68 $1,306
IDXX $695.67 $59,185
HTLF $45.57 $1,922
HELE $228.44 $5,505
GOGL $9.79 $1,969
KRNY $12.44 $1,005
LLY $255.99 $245,501
LMAT $55.95 $1,208
LKFN $67.51 $1,707
LNN $164.83 $1,798
UFPI $74.11 $4,583
UNH $421.90 $398,148
UPS $194.15 $169,014
URI $338.23 $24,485
VEEV $338.05 $51,694
VEON $1.75 $3,060
VSH $22.08 $3,197
VOXX $11.38 $273
VMC $180.85 $23,993
WFC $46.83 $192,303
WLTW $212.94 $27,464
WNS $80.89 $3,932
WOR $62.38 $3,228
WBS $48.57 $4,400
RBBN $6.86 $1,016
RGLD $120.97 $7,936
SCI $63.62 $10,661
SFBS $71.66 $3,884
SJR $29.19 $14,585
TSN $71.71 $26,159
TER $126.74 $21,073
TKR $76.31 $5,798
STE $218.94 $18,692
SXC $7.60 $631
SYBT $48.50 $1,105
TFSL $19.12 $5,366
TTWO $159.86 $18,627
SBAC $346.02 $37,835
RGP $15.02 $494
RSG $119.74 $38,121
RDWR $32.42 $1,476
RDY $63.29 $10,531
QLYS $104.28 $4,082
WPM $46.30 $20,858
WTM $1,116.80 $3,470
UTHR $180.66 $8,093
LECO $139.59 $8,290
IRM $43.91 $12,678
JPM $152.89 $462,818
HPE $14.85 $19,393
HUBG $66.79 $2,299
HRI $124.65 $3,695
MNST $93.04 $49,177
MS $96.60 $179,733
MDP $43.68 $1,773
MDT $131.46 $176,670
MX $20.90 $968
MUFG $5.38 $72,111
PNFP $90.45 $6,883
OBNK $40.56 $953
ORLY $612.50 $42,729
BRKR $80.78 $12,240
BHLB $27.89 $1,428
AZZ $52.74 $1,322
BANR $52.95 $1,843
BCC $52.04 $2,047
AY $40.31 $4,462
AGM $96.57 $1,033
ABT $122.12 $216,985
AMP $259.87 $30,120
AON $264.06 $59,611
CIG $2.26 $4,166
CONN $23.03 $676
CPRT $148.19 $35,059
CRTO $40.35 $2,453
CURO $16.88 $699
DG $235.05 $55,520
FN $93.02 $3,431
F $14.02 $55,013
FCF $13.26 $1,276
DPZ $540.47 $19,919
E $24.14 $43,370
ECPG $47.85 $1,484
ELP $5.89 $3,224
EFSC $45.26 $1,748
EPD $22.46 $49,079
EBAY $68.01 $46,333
DLTR $99.89 $23,170
FCFS $80.83 $3,270
EW $114.70 $71,496
EVC $5.88 $501
FFIC $22.16 $686
FFIN $48.33 $6,877
CVX $102.60 $197,819
CMI $233.05 $34,073
CIEN $58.29 $9,021
CG $47.89 $16,975
ANET $379.17 $28,939
ANGO $27.25 $1,048
AMGN $244.08 $140,237
ABBV $116.25 $205,323
ALSN $40.22 $4,253
AUDC $31.99 $1,037
BCO $77.50 $3,859
BANF $55.19 $1,809
BANC $17.25 $874
ONB $16.20 $2,685
NVT $33.70 $5,651
NSC $258.74 $63,902
NVDA $198.15 $493,790
PSA $309.58 $54,170
PFBC $58.67 $877
PHG $45.97 $42,078
MTH $111.08 $4,182
MTD $1,496.72 $34,600
NKE $171.23 $270,852
MGA $84.70 $25,331
MEDP $176.64 $6,327
MOV $31.13 $728
HTGC $17.47 $2,024
IART $70.62 $5,973
HEAR $29.68 $470
HII $204.36 $8,222
KAI $180.65 $2,092
JHG $41.49 $7,151
INFO $117.90 $46,996
LE $40.36 $1,331
KLIC $53.78 $3,337
LMT $369.45 $102,307
LRCX $645.52 $92,064
LSCC $58.12 $7,936
UVV $51.96 $1,276
VOYA $66.01 $8,002
YUM $133.42 $39,746
RE $259.81 $10,414
RH $660.98 $13,901
SCU $24.43 $1,411
SEE $58.47 $8,887
SHYF $39.32 $1,389
TSCO $186.60 $21,507
THFF $40.14 $524
TJX $68.98 $83,223
STL $22.26 $4,289
STLD $64.65 $13,196
SNV $41.53 $6,171
TEX $50.73 $3,541
SIG $65.76 $3,463
SBNY $231.64 $13,959
RHI $98.98 $11,163
ROST $122.00 $43,569
WTFC $71.55 $4,081
WU $22.74 $9,306
WD $101.84 $3,238
VLY $13.02 $5,285
VNDA $16.92 $941
VRA $11.27 $383
UNFI $33.10 $1,865
UBS $16.70 $61,625
LOW $193.95 $137,101
LUMN $12.75 $14,093
LGIH $163.04 $4,065
LITE $81.53 $6,188
LHCG $214.75 $6,800
KR $42.62 $31,847
LAD $365.06 $11,043
IQV $249.98 $47,899
IRBT $85.48 $2,402
JEF $33.73 $8,333
ITT $98.26 $8,460
KEY $20.01 $19,420
KB $45.19 $18,654
HEP $19.11 $2,015
HLIT $10.63 $1,075
HMN $38.93 $1,615
IBOC $39.23 $2,486
HSTM $29.98 $946
GLP $27.14 $923
GRC $35.58 $930
GES $22.38 $1,453
MOMO $12.68 $2,614
MPWR $456.54 $20,889
MRK $76.41 $193,475
NTGR $34.61 $1,057
MSM $88.21 $4,909
MSFT $287.12 $2,157,676
NBN $32.39 $270
NDAQ $188.67 $30,959
PH $309.43 $39,934
PCH $52.18 $3,498
PSB $154.02 $4,240
NTUS $26.51 $903
NUAN $54.76 $15,667
PACW $40.28 $4,709
PANL $4.91 $224
OTTR $53.37 $2,217
BAP $101.11 $9,543
BMRC $34.99 $457
BRO $54.12 $15,241
BXS $26.15 $2,840
BUSE $23.24 $1,261
CDNS $149.85 $41,475
CASY $197.25 $7,318
CAMT $37.50 $1,623
CFFN $11.02 $1,530
CNQ $33.32 $39,441
CNS $84.28 $4,066
CORT $21.58 $2,502
COST $435.07 $192,331
CVLT $76.71 $3,519
CUBE $50.37 $10,163
FHN $15.65 $8,645
FLWS $31.27 $2,035
EXR $176.55 $23,610
DOOR $113.75 $2,787
EBS $63.38 $3,404
DSX $4.08 $373
FRHC $63.82 $3,730
CSWC $26.59 $559
COO $423.98 $20,880
CHCO $76.24 $1,196
CAH $59.63 $17,302
CAI $55.87 $967
CALX $46.03 $2,923
CB $172.62 $75,735
BSET $22.25 $218
BY $24.18 $934
BIIB $338.00 $50,373
BIG $56.88 $1,970
BDN $13.59 $2,323
BAH $82.76 $11,188
BC $104.78 $8,162
AVAV $101.48 $2,514
AYI $176.11 $6,289
AXS $51.20 $4,340
AIT $89.16 $3,465
ACI $23.39 $10,912
ADS $93.03 $4,626
AME $138.77 $32,045
AMG $162.27 $6,756
APOG $39.55 $1,010
NTRS $112.67 $23,480

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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. The model portfolios offered on Validea are concentrated and as a result they will exhibit high levels of volatility and their performance can be substantially impacted by the performance of individual positions.

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.