AdvancedAdvT (LSE:ADVT) Piotroski F-Score

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What is AdvancedAdvT Piotroski F-Score?

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

AdvancedAdvT Piotroski F-Score Historical Data

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

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
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AdvancedAdvT Piotroski F-Score Chart

AdvancedAdvT Annual Data

Trend

Jun21

Jun22

Piotroski F-Score

N/A

AdvancedAdvT Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Piotroski F-Score	Get a 7-Day Free Trial			N/A	-	N/A	-	5.00

AdvancedAdvT (LSE:ADVT) 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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AdvancedAdvT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AdvancedAdvT Ltd (LSE:ADVT) » Definitions » Piotroski F-Score

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Address

11 Buckingham Street, London, GBR, WC2N 6DF

Website

https://www.advancedadvt.com

AdvancedAdvT Ltd is a software solutions provider for the business solutions, healthcare compliance, and human capital management sectors. The software solutions allow organisations to achieve their financial and e-business strategies by driving transformational changes. It provides software solutions and platforms across two business transformational areas namely business solutions & healthcare compliance, and human capital management. The Group's operations are IBSS (financial management software), CHKS (AI-based healthcare intelligence compliance and accreditation software), Retain (global resource planning and talent management software) and WFM (workforce management software provider).

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