Following on from my post on 5th October, I am now repeating the work and comparing the performance a long and a short portfolio. The criteria for long and short are as before:

Short:

Price <200 MA

Stock Rank <50

Net debt > net profit x 3

Long

Price >200 MA

Stock Rank >80

Net debt <net profit x1


The shares have been picked because they meet the above criteria and I have ignored all other metrics other than size and spread.

Each share is matched with another share in the same main sector.

The companies have a capitalisation >£250 million and a spread <1% (there were 2 marginal exceptions because of difficulty in matching shares in the same sector).

The benchmark is the FTSE 350.

The portfolios are detailed below (priced as of 30th December 2019).

For the purpose of the trial I've purchased or sold shares in blocks of £2,000 or as close to that as possible.

LONG 1.1.20
StockUnit Cost (p)Cost (£)
Anglo American
Ordinary USD0.54945
2177£2,002.84
Ashmore Group plc
Ord 0.01
521£2,000.64
AVEVA Group plc
Ordinary 3.555p
4722£1,983.24
Barratt Developments plc
Ordinary 10p
747£2,001.96
Bellway plc
Ordinary 12.5p
38062017.18
Computacenter plc
Ord 7 5/9p
18011999.11
Dart Group plc
Ordinary 1.25p
16962001.28
Ferguson plc
Ord GBP0.10
68921998.68
Hays plc
Ordinary 1p
183.52000.15
JD Sports Fashion plc
Ordinary 0.25p
832.81998.72
Medica Group plc
Ord GBP0.002
1592000.22
Rightmove plc
Ord GBP 0.001
649.62000.768
Rio Tinto plc
Ordinary 10p
4500.51980.22
Serica Energy Plc
Ord USD 0.10
1332016.28
Wizz Air Holdings plc
Ordinary 0.01p
39402009.4
Totals£30,010.69
SHORT 1.1.20
StockUnit Cost (p)Cost (£)
Aston Martin Lagonda
ORD GBP0.001
522.2£2,020.91
Blue Prism plc
Ordinary 1p
1104£1,998.24
Georgia Capital Plc
Ordinary GBP0.01
930£2,008.80
Hochschild Mining Plc
Ordinary 25p
175.5£2,000.70
Horizon Discovery Group plc
Ordinary 1p
146.92015.468
Huntsworth plc
Ordinary 1p Shares
81.92010.645
Hurricane Energy plc
Ordinary 0.1p
32.982021.674
IQE plc
Ordinary 1p
50.352039.175
Pearson plc
Ordinary 25p
649.92001.692
Provident Financial plc
Ordinary 20 8/11p
455.92001.401
Rolls Royce Holdings Plc
Ordinary 20p Shares
701.41998.99
Sig plc
Ordinary 10p Shares
123.72000.229
Solgold Plc
Ord GBP0.01
19.951985.025
Stobart Group Ltd
Ordinary 10p
1132017.05
Wandisco plc
Ord GBP0.10
4362018.68
Totals£30,138.68

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