Thank you for this tool...
While reading the documentation at "http://www.sigma-cap.com/wwwhome2/warren_buffet.htm"
I came across this statement "For our screen, we first required that a company's seven-year earnings growth rate be higher than that of 75% of the stocks in the overall database. Stock Investor Professional includes percentile ranks for growth rates, so we specified a percentile rank greater than 75. "
Can someone please explain what this means...
Thanks.
While reading the documentation at "http://www.sigma-cap.com/wwwhome2/warren_buffet.htm"
I came across this statement "For our screen, we first required that a company's seven-year earnings growth rate be higher than that of 75% of the stocks in the overall database. Stock Investor Professional includes percentile ranks for growth rates, so we specified a percentile rank greater than 75. "
Can someone please explain what this means...
Thanks.