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There is nothing in this strategy that makes it extra ordinary and neither is claimed. What we have to remember is that if the market is going up, this strategy might go up more. If it is going down, this pf will also go down, albeit slightly lower. That is because we are holding the strongest stocks all the time.
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From what I understand, best returns are achieved following momentum based on price changes only. Anything else will mute these returns. Even the volatility factor that I have used, will reduce the returns.
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