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The arena James O’Shaughnessy (Trending Value)

valueJames O’Shaughnessy (Trending Value)

What Works on Wall Street, 4th ed.

The cheapest tenth of the market on a composite of value multiples, ranked by which of them are already moving.

-3.11%
Booked, per closed position
1 closed · average excess vs the market
0%
Closed positions ahead of the market
median -3.11%
-1.87%
Open book, marked to market
12 names still held
1
Average sessions held
window is 60 sessions
Only 1 positions have closed. That is a blotter, not evidence — a handful of trades tells you almost nothing about a rule set, and the numbers above will move a lot as it fills.

The rule, as implemented here

every condition, in the order it is applied
  1. Average percentile across P/E, P/S and P/B in the cheapest 10% of the universe.
  2. Six-month return positive.
  3. Trailing profit positive.
Ranking: Strongest six-month return first. Portfolio is the top 12 names, equal-weighted.
Where our version differs: The published composite has six multiples; three are computable from Indian filings (P/E, P/S, P/B), so the composite is their average percentile. Six-month price return is the momentum leg, as published.

Today’s portfolio

as of 11 September 2026

Portfolio record by window

every published day, measured forward and averaged. “Typical day” is the median excess, which ignores one runaway session
WindowPortfolioUniverseExcessTypical dayDays aheadDays scored
1d-2.31%-0.18%-2.13%-2.13%0%1
5dno picksno picksno picksno picksno picks0
10dno picksno picksno picksno picksno picks0
20dnot yetnot yetnot yetnot yetnot yet0
3mnot yetnot yetnot yetnot yetnot yet0

Booked positions

closed, with the market over the identical days
StockInOutHeldReturnUniverseExcess
CHENNPETRO2026-09-102026-09-111-3.29%-0.18%-3.11%

Open book

still held, marked to the last close
StockInOutHeldReturnUniverseExcess
SAHYADRI2026-09-11held00.00%0.00%0.00%
RATNAVEER2026-09-10held1-7.18%-0.18%-7.00%
PANAMAPET2026-09-10held1-1.73%-0.18%-1.55%
SALSTEEL2026-09-10held1-2.38%-0.18%-2.19%
VISAKAIND2026-09-10held1-1.59%-0.18%-1.41%
GULFPETRO2026-09-10held1-2.53%-0.18%-2.34%
SHILPAMED2026-09-10held1+2.26%-0.18%+2.44%
RAIN2026-09-10held1-0.60%-0.18%-0.42%
GANDHAR2026-09-10held1+0.52%-0.18%+0.70%
AMANTA2026-09-10held1-2.00%-0.18%-1.81%
NHCFOODS2026-09-10held1-4.72%-0.18%-4.53%
ONIXSOLAR2026-09-10held1-4.52%-0.18%-4.33%
How these numbers were made. Computed here from NSE and BSE end-of-day bhavcopy, adjusted for splits and bonuses, not supplied by anyone being measured. Portfolios are recorded on the day they are published and scored forward from that date, so no figure on this page could have been chosen after the outcome was known. The code that produced them is stamped in build.json.
This is our implementation, not James O’Shaughnessy (Trending Value)’s portfolio. The published composite has six multiples; three are computable from Indian filings (P/E, P/S, P/B), so the composite is their average percentile. Six-month price return is the momentum leg, as published. None of the authors named on this site are associated with it, and nothing here is advice or a recommendation to buy or sell anything.