Systematic quality screening across 4,200+ non-financial equities in five emerging markets. Three quantitative models. Updated weekly.
Each stock is scored independently on financial strength, bankruptcy risk, and earnings quality. No composite weighting; the three scores are presented independently to preserve signal transparency.
We rank, we don't flag.
9 binary signals across profitability, leverage, and operating efficiency. Validated across 20 developed and 15 emerging markets (2000–2018). Selection threshold: 7/9 or above.
Emerging markets variant by Altman, Hartzell & Peck. Removes sector-sensitive Sales/Assets ratio. Recalibrated thresholds for non-US markets. Selection: safe zone only (> 2.60).
8 variables over two fiscal years. Used as an ordinal ranking within each market (not measured against the US-calibrated threshold). The -2.22 cutoff was derived from US-GAAP enforcement actions. It does not transfer to IFRS or local standards without recalibration.
Financial sector companies (banks, insurance, asset managers) are excluded from all three models, consistent with original academic specifications.
| Market | Exchange | Equities Scored | Tri-Model Coverage |
|---|---|---|---|
| India | NSE | 2,641 | 79% |
| Indonesia | IDX | 943 | 99% |
| South Korea | KRX | 1,478 | 62% |
| Poland | WSE | 587 | 75% |
| Philippines | PSE | 260 | 73% |
Every score carries a coverage indicator: Scored 3/3 (complete) or Scored 2/3 (partial). When data is incomplete, we show it. Silence about missing data is more dangerous than the missing data itself.
Scores are recalculated weekly. Underlying financial statements reflect the latest available filing, typically updated quarterly for larger markets and annually for smaller listings.
Market capitalizations are as of the latest screening date. Stocks may cross thresholds in either direction between updates.