Savi Financial (Savi Financial) Piotroski F-Score

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What is Savi Financial Piotroski F-Score?

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

Savi Financial Piotroski F-Score Historical Data

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

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Piotroski F-Score

Savi Financial (OTCPK:SVVB) 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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Savi Financial (Savi Financial) Business Description

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Address

208 E. Blackburn, Suite 101, Mount Vernon, WA, USA, 98273

Website

https://www.savibank.com

Savi Financial Corp is a commercial Bank provides loan and deposit services to customers who are predominantly small and middle-market businesses and individuals in and around Skagit, Island, and Whatcom counties. The services offered by the firm are business banking, personal banking, loans, online banking, and bill pay.