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ACS Global (ACS Global) Piotroski F-Score


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What is ACS Global Piotroski F-Score?

ACS Global does not have enough data to calculate Piotroski F-Score.


ACS Global Piotroski F-Score Historical Data

The historical data trend for ACS Global's Piotroski F-Score can be seen below:

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ACS Global  (OTCPK:AMCY) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


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ACS Global (ACS Global) Business Description

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Address
1 Meridian Road, Suite 5, Eatontown, NJ, USA, 07724
ACS Global Inc is evaluating opportunities for the development of new technologies in the medical and cellular therapy industries. It is looking to identify complimentary products and services for American CryoStem human cell and tissue products (hCTPs). The company supports the ongoing research and development efforts of American CryoStem Corporation in their pursuit of FDA approval of its flagship autologous cell therapy product ATCell.

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