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Factor Changes: Favoring Lower Volatility in Europe

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Europe ex. U.K.: Replace Accruals Ratio with Lower Semivariance. U.K.: Substitute Accruals Ratio and Earnings Revisions with Asset Turnover and Shareholder Yield. European stocks with favorable characteristics include: Adidas, Equinor, Zurich Insurance Group, Schneider Electric, Air Liquide, Telenor, Sky, Tesco, Intl Consolidated Airline, Ferguson, Halma.

Ned Davis Research | Stock Selection | Europe Portfolio Strategy | Monthly

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