Aldel Financial (Aldel Financial) Piotroski F-Score

View and export this data going back to 2021. Start your Free Trial

What is Aldel Financial Piotroski F-Score?

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

Aldel Financial Piotroski F-Score Historical Data

The historical data trend for Aldel Financial'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.

* Premium members only.

Aldel Financial Piotroski F-Score Chart

Aldel Financial Annual Data

Trend

Dec20

Piotroski F-Score

Aldel Financial Quarterly Data
	Mar21	Jun21	Sep21
Piotroski F-Score	-	-	-

Aldel Financial (NYSE:ADF) 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.

Aldel Financial Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Aldel Financial's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

Aldel Financial (Aldel Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Aldel Financial Inc (NYSE:ADF) » Definitions » Piotroski F-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

105 S. Maple Street, Itasca, IL, USA, 60143

Website

Aldel Financial Inc is a blank check company.

Aldel Financial (Aldel Financial) Headlines

From GuruFocus

Hagerty and Aldel Financial Announce Merger Agreement for Hagerty to Become a Publicly Traded Company

By PRNewswire PRNewswire • 08-18-2021

Aldel Financial Inc. Reminds Stockholders TO VOTE PRIOR TO The Special Meeting on December 1, 2021

By Business Wire Business Wire • 11-16-2021