For investors wanting to get a handle on which stocks in the market are qualifying for the greatest number of Stockopedia’s 60+ Guru Screens, the place to start is the Screen of Screens. Having achieved a stellar 12 month return of 37%, the UK version of this strategy of picking the companies that appear most frequently across our other Guru Screens as potential investing candidates has outperformed the FTSE 100 by an impressive 13.5%.
In his Adventurous Investor column earlier this year, David Stevenson in the FT suggested that given the wide range of strategies available, the question most investors would instinctively ask of Stockopedia is: ‘which companies are appearing on the most screens?’ As obvious as that sounds, that simple approach has turned out to be a remarkably successful strategy with low volatility – so far, at least.
With the introduction of our new European Edition, which covers almost 8,000 shares traded throughout the continent, one thing we’re fascinated to watch is whether the European Screen of Screens can match or even beat the performance of its UK counterpart - as a kind of Eurovision song contest of stockpicking!
While it is far too early to draw many conclusions yet, there are some interesting stocks currently appearing on the European version of the screen. The reason this screen could well be one to watch is that, despite the fact that the FTSE Eurofirst 300, which tracks Europe’s largest companies, is on course to achieve 12 months of consecutive gains, analysts widely believe that European bourses remain attractively priced. On that note, there was an interesting tweet recently by Merryn Somerset-Webb from the recent MoneyWeek conference, which made the compelling case for buying European stocks:
Making it on to the Screen of Screens
Qualifying for the Screen of Screens isn’t easy – a company must be appearing on at least four of our long-only guru investing models – regardless of style (ranging from bargain basement to large-cap dividends). A quick glance over the top candidates on the European screen reveals an impressive number of UK quoted companies (four of the top 10 companies across Europe are British-listed) but in amongst them are a number of shares that are far less familiar.
Topping the entire list is Borsa…
