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BCTG Acquisition does not have enough data to calculate Piotroski F-Score.
The historical data trend for BCTG Acquisition'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.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BCTG Acquisition Annual Data | |||
Trend | Dec20 | ||
Piotroski F-Score | - |
BCTG Acquisition Semi-Annual Data | |
Jun20 | |
Piotroski F-Score | - |
BCTG Acquisition (NAS:BCTG) 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.
Thank you for viewing the detailed overview of BCTG Acquisition's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Bctg Holdings, Llc | 10 percent owner | 11682 EL CAMINO REAL, SUITE 320, SAN DIEGO CA 92130 |
James B Avery | director | CAY HOUSE, EP TAYLOR DRIVE, N7776, LYFORD CAY, NEW PROVIDENCE C5 00000 |
Charles M Baum | director | C/O MIRATI THERAPEUTICS INC., 9393 TOWNE CENTRE DRIVE, STE 200, SAN DIEGO CA 92121 |
Jamie Christensen | director | C/O MIRATI THERAPEUTICS, INC., 9393 TOWNE CENTRE DRIVE, SUITE 200, SAN DIEGO CA 92121 |
Aaron I. Davis | director, officer: Chief Executive Officer | 12860 EL CAMINO REAL, SUITE 300, SAN DIEGO CA 92130 |
Christopher Fuglesang | director, officer: President | 11682 EL CAMINO REAL, SUITE 320, SAN DIEGO CA 92130 |
Richard A. Heyman | director | 5871 OBERLIN DRIVE, SUITE 150, SAN DIEGO CA 92121 |
Carole Nuechterlein | director | C/O AVEXIS, INC., 2275 HALF DAY ROAD, SUITE 160, BANNOCKBURN IL 60015 |
Andrew Ruel Ellis | officer: COO and Secretary | 11682 EL CAMINO REAL, SUITE 320, SAN DIEGO CA 92130 |
Michael Beauchamp | officer: CFO and Treasurer | 11682 EL CAMINO REAL, SUITE 320, SAN DIEGO CA 92130 |
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