VINTAGE TRACK RECORD

What happened after the FE signal?

Compare 2024/25 FE valuation signals with subsequent 2025/26 market value changes.

UNDERVALUED27Median next-year MV +25.0%
OVERVALUED36Median next-year MV -21.1%
DIRECTIONAL HIT RATE66.7%42/63
TOP 10

Undervalued → Market value up

TOP 10

Overvalued → Market value down

TOP 10

Cases that did not match the signal

HOW WE VALIDATE

Validation method

Each vintage signal is frozen at that point in time and compared with the next season market-value move. Later information is not backfilled into the historical valuation, and FAIR signals are excluded from the directional hit rate.