Does the CAN SLIM method work?
CANSLIM is a method about how to make money in stocks, but does it work? We looked at empirical results and conclude the following: Yes, the CANSLIM method works and has beaten the S&P 500 since 2003, according to backtests. But the outperformance comes at a cost in terms of higher volatility and larger drawdowns.
What is CAN SLIM technique?
What Is CANSLIM? CANSLIM is a system for selecting growth stocks by using a combination of fundamental and technical analysis techniques. It was created by Investor's Business Daily founder William J. O'Neil. The acronym is sometimes written as CAN SLIM.
How do I track investments in Excel?
In order to qualify as a CANSLIM stock the company needs to have the following characteristics: • C=Current Earnings: Quarterly earnings per share are up 25% or more. A=Annual Earnings: Five year average compounded earnings growth rate is greater that 24%.