Stock Q-Lookup

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Definitions

Acceleration
Acceleration rewards companies that have demonstrated superior earnings growth records over the prior three years and whose earnings are expected to continue growing at stable rates over the next two years. An acceleration factor rewards companies demonstrating above trend line rates of growth. The raw growth scores are ranked relative to the universe and a percentile score is awarded (0-99 / Higher is better).

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Average Volume
This entry represents the average daily trading volume over the past 30 days in thousands of shares for the selected stock.

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Beta
In general, Beta is a measure of volatility with respect to the market. As it applies to Q-Look, beta represents an index of risk. It is a measure of the systematic risk associated with the selected stock. It measures the volatility comparing price movement to the New York Stock Exchange. A beta of 1 is neutral.
High Risk: beta more than 1.5x. For example, a stock possessing a beta of 1.75 historically exaggerates market movement by a multiple of 1.75.
Low Risk stocks have betas less than .95. For example, a stock possessing a beta of .95 has historically only moved 95% as much as the market.

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Chart
The Chart interpretation is the subjective interpretation of a three year price graph for the selected stock. It is additional to, but not part of Q-Rank.

The chart codes and interpretations are as follows:

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Consistency
Consistency identifies companies whose earnings streams have exhibited low volatility and additionally awards companies which have demonstrated positive earnings over the prior 3 years combined with the consensus estimated future two years. It is a percentile ranking of a combination of two parameters as compared to all stocks in the quantitative universe (0-99 / Higher is better).

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Earnings Sub-Rank (ESR)
Refers to the Earnings Sub-Rank (ESR) and is a sub-ranking consisting of internal fundamental variables divided into four categories, earnings surprise/revision, earnings acceleration/growth, earnings consistency, and valuations. The ESR percentile-ranks these factors compared to all stocks in the quantitative stock universe (0-99/ Higher is better).

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EPS Growth %
EPS Growth% is based on consensus earnings estimates for the company's next fiscal year and is included for information purposes only.

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Factor Highlights

Capitalization	Big-Cap stocks have market-capitalizations above $2.5 billion.
	Mid-Cap stocks have market-capitalizations between $1 billion and $3 billion.
	Small-Cap stocks have market-capitalizations between $300 million and $1 billion.
	Micro-Cap stocks have market-capitalizations below $300 million.
Liquidity	Liquid stocks have average daily volume (past 30 days) greater than 50,000.
	Illiquid stocks have average daily volume (past 30 days) less than 50,000.
Risk	High Risk stocks have betas that exceed 1.5x.
	Low Risk: stocks have betas under .95.
Type	Value Stocks have price earnings ratios (PE) less than the earning growth-rate, and less than the average PE of the industry to which the company belongs.
	Growth Stocks have earning growth-rates greater than 25%.
ESR	Pos. ESR is an Earnings Sub-Rank above 75. Earning momentum factors are in the top 75% of the universe.
	Low ESR is an Earning Sub-Rank below 30. Earning momentum factors are below 70% of the universe.
EPS Rev	Pos. EPS rev. is earnings revision scores above 85% of all companies in our 3000 stock universe.
	Neg. EPS rev. is earnings revision scores in the worse 15% of all companies in our 3000 stock universe.
	Pos. surprise is earnings revision scores above 85% of all companies in our 3000 stock universe.
	Neg. surprise is earnings revision scores in the worse 15% of all companies in our 3000 stock universe.
Consistency	Consistency is the standard deviation of EPS growth in past 3 years, and next 2 year estimates. Higher is better.
Chart	Chart is the subjective interpretation of a three year price graph. It is additional to, but not part of QSR.
Industry Position	Cheap vs. ind. reflects the price earning ratio (PE) below the industry's average PE.
	Expensive vs. ind. reflects the price earning ratio (PE) above the industry's average PE.
Sector Weight	Good sector has good value, price, and earnings momentum, and is "double-weighted" vs. market-neutral.
	Weak sector has poor value, price, and earnings momentum, and is "half-weighted" vs. market neutral.
Industry	Industry rank is relative attractiveness to about 130 industries on value, price-momentum, and EPS momentum.

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Industry PE
The Industry Price/Earnings entry is the average market-cap weighted PE of all stocks in the industry.

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IndustryRank
Represents one of about 130 industries to which the company belongs.

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Market Capitalization
Number of common shares outstanding times the price (United States dollars) per share for the selected stock, expressed in millions. The entry ignores debt, convertibles, and options outstanding.

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Mean Reversal
Mean Reversal, is a measure of short-term price-reversals based upon a stock's price change over the preceding two weeks. "Mean-reversal" is the tendency of a stock to revert back toward its long-term price trend. The top performing stocks in the prior two weeks tend to under perform over the next two weeks and vice versa. Our studies show a mean reversal score of 90 or above suggests the potential for short-term out performance; scores of 10 or below suggest short-term under performance.

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Price
The price of the selected stock in United States dollars on the date indicated.

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Price/200-Day Avg.
The ratio of the current stock price to its 200 day moving average.

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Q-Rank
The Q-Rank is the bottom-line ranking encompassing ten fundamental and technical disciplines for each security. The scores range from highest (99) to lowest (1). For example, a stock with a Q-Rank of 99 would have combined factors better than 99% of the stocks measured. Q-Rank stocks ranked above 90 tend to significantly outperform and would be deemed a strong buy. Q-Rank ranks from 80-90 would outperform and be deemed a buy. Q-Rank ranks from 70-80 would outperform and be deemed a weak buy. Q-Rank ranks from 60-70 would be deemed a strong hold. Q-Rank ranks from 40-60 would be deemed a hold. Q-Rank ranks from 30-40 would be deemed a weak hold. Q-Rank ranks from 20-30 would be deemed a weak sell. Q-Rank ranked stocks ranked under 20 tend to significantly under perform the market and would be deemed a strong avoid. We believe that investors considering the purchase of a stock with a Q-Rank under 30 should delay purchase unless the stock offers an extremely solid value, new product and/or turnaround story. Investors considering selling a stock with a QSR over 90 should consider holding the stock until its rank declines.

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Relative Strength
Relative Strength of each security compared to the performance of our quantitative universe. The relative strength indicator measures the price performance of each security over the past four quarters compared to the price performance of all 3,000 stocks in our quantitative universe. The measure is further adjusted by its rate-of-change in the past quarter resulting in a sloped relative strength figure (favoring accelerating relative strength over decaying relative strength). Moreover, relative strength is lagged 30 days so it does not counter the tendency of stocks to mean-reverse. A Relative Strength percentile of 99 indicates that the stock's price performance in the past four quarters is better than 99% of the quantitative universe.

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Revision/Surprise
Earnings Surprise/Estimate Revision, measures the standardized surprise of quarterly earnings reported plus the standardized four-week change in consensus earnings revisions for the next four quarters. The standardized scores are then percentiled according to their relative universe ranking. If the rankings label says Surprise it indicates the company reported an earnings surprise in the past 5 days. The earnings surprise is weighed 50%, the subsequent quarters earnings revisions 30%, and the next four quarters 20% in the score. If the rankings label says Revisions it has been at least five trading days since the last earnings report and the score is calculated as 20% for the last quarters earnings surprise plus 50% for the current quarters earnings revision plus 30% for the next four quarters. The result is percentile-ranked as compared to all stocks in the quantitative universe and scored (0-99 / Higher is better).

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Sector & Industry Analysis
Displays the name of the industrial sector group, such as "basic industries;" and the name of the industry, such as "aluminum." The sectors were created using cluster analysis in a ten year study encompassing the price-patterns of about 130 industries.

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Sector Weight
This factor identifies each stock's sector attractiveness based on market-cap-weighted averages of earnings revision and surprise, price relative strength, price/book ratio, price/cash-flow ratio, price/sales ratio and dividend yield.

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Stock PE
PE is the price/earnings ratio based on next year's consensus earnings estimate.

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Technical Sub-Rank
Refers to the Technical Sub-Rank (TSR) and is a sub-ranking computed from external priced-based factors including relative strength (price-leadership), mean-reversal (trading potential), price/200 day average (trend), and industry leadership. The TSR percentile-ranks these factors compared to all stocks in the quantitative stock universe (0-99/ Higher is better).

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Top 3 Q-Ranked Stock In Industry
The industries listed here have the highest QSR (Quantitative Stock Rank) in the sector represented by the selected stock (ticker symbol entry). Click on one of the three entries to display the stock symbol and relevant data for that stock.

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Value Sub-Rank
Value is the ratio of Wall Streets consensus earnings growth rate over the next year divided by the expected P/E and percentiled against all stocks in the quantitative universe (0-99 /Higher is better).

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Disclaimer

The Quantitative Stock Ranking (QSR) system was inaugurated June 1992 to identify attractive and/or problem stocks as timely candidates to be researched further for purchase or sale. The QSR system is intended to complement detailed financial analysis. If a resulting quantitative rank investigation of a stock is consistent with the fundamental research, investors have the additional benefit of a second opinion from this objective outside source. The model's philosophy of "momentum at a price" is derived by scoring each company's relative strength, trend, group rotation, earnings consistency, earnings acceleration, consensus earnings revision, earnings surprise and value characteristics.

QSR results are theoretical, and thus do not represent an actual trading portfolio, and are not a "paint-by-numbers" recipe for managing money. QSR results are to illustrate the predictive power and risk of the model only. If used in isolation, the QSR model could result in high turnover rates that would be unacceptable to most investors, and could generate frequent relative and absolute losses. Also, the QSR ranks will often reflect concentrations in specific industry groups and economic sectors. Our experience shows that the QSR can aid equity investors by complementing, not replacing, thorough individual fundamental stock research.