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Avoid Speculation
in Active Investing

Don't try to pick the winners Aim to avoid the losers
LEARN HOW

Avoid Losers in Your Portfolio

Picking winners is a losing game.

Ever wonder where alpha comes from?

What if it doesn't come from picking winners...but from avoiding the losers?

At New Age Alpha we don't speculate

We use actuarial science to identify the 'losers' - stocks likely to underperform - and
avoid them.

We use our proprietary h-factor

You can see it at work in the S&P 500 and apply it to your portfolio.

Drag on the right to activate.

Important Disclosure

The snapshot is being provided for illustrative purposes only and should not be construed as providing investment advice or as a recommendation to buy or sell any particular security. This snapshot is taken at a particular point in time and any analysis or information contained in it is outdated and should not be relied upon. Past performance is not an indication or a guarantee of future results. For full disclosure click here.

Reset See the return you missed Drag to remove high h-factor stocks, the S&P 500's 'losers.' Calculated from

The h-factor

Know the number

Use the h-factor
Aim to avoid the losers

Use the h-factor
Aim to avoid the losers

What is the h-factor?

The h-factor is the probability that a company may fail to deliver the revenue growth indicated by its stock price.

Manage Risk Like an Actuary

A five-step process

step01 Calculate a company's revenue growth indicated by the stock price. Stock price
step02 Understand the revenue growth possibilities the company could deliver. Revenue growth
step03 Compare what the company must deliver to what the company could deliver. Compare
step04 Calculate the
h-factor. h-factor
step05 Rebalance the portfolios. Rebalance

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