MKDTY (Molecular Data) Piotroski F-Score

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What is Molecular Data Piotroski F-Score?

Molecular Data does not have enough data to calculate Piotroski F-Score.

Molecular Data Piotroski F-Score Historical Data

The historical data trend for Molecular Data's Piotroski F-Score can be seen below:

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Molecular Data Piotroski F-Score Chart

Molecular Data Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Piotroski F-Score

N/A

5.00

2.00

Molecular Data Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Jun20	Dec20	Jun21	Sep21
Piotroski F-Score	Get a 7-Day Free Trial			5.00	N/A	2.00	N/A	-

Molecular Data (OTCPK:MKDTY) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.

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Molecular Data Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Molecular Data Inc (OTCPK:MKDTY) » Definitions » Piotroski F-Score

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Traded in Other Exchanges

N/A

Address

2177 Shenkun Road, 11th Floor, Building 15, Minhang District, Shanghai, CHN, 201106

Website

http://www.molbase.com

Molecular Data Inc is a chemical e-commerce platform in China. It provides SaaS-powered and data-driven integrated service platform for chemical e-commerce. The company offers e-commerce solutions, financial solutions, and warehousing and logistics solutions through its platform. The company generates all its revenues through Chemical trading from China. It sells chemical products to customers through an online platform or sales representatives.