NNAG (99 Acquisition Group) Piotroski F-Score

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What is 99 Acquisition Group Piotroski F-Score?

99 Acquisition Group does not have enough data to calculate Piotroski F-Score.

99 Acquisition Group Piotroski F-Score Historical Data

The historical data trend for 99 Acquisition Group's Piotroski F-Score can be seen below:

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99 Acquisition Group Piotroski F-Score Chart

99 Acquisition Group Annual Data

Trend

Dec22

Dec23

Piotroski F-Score

99 Acquisition Group Quarterly Data
	Dec22	Jun23	Dec23
Piotroski F-Score	-	-	-

99 Acquisition Group (NAS:NNAG) 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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99 Acquisition Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » 99 Acquisition Group Inc (NAS:NNAG) » Definitions » Piotroski F-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Noblewood Ct, Gaithersburg, MD, USA, 20878

Website

https://www.99acquisitiongroup.com

99 Acquisition Group Inc is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.