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.