Top Piotroski-Graham Long-Term Value Portfolio: 2022 Returns +13.1% With New January 2023 Semi-Annual Selections

Jan. 01, 2023 7:02 AM ETALLY, AMSYF, HMC, HNDAF, MT, RFP, RFP:CA, SBOW, SP500, SPY, TPH, X12 Comments


  • The 1-year dividend adjusted returns for 2022 are +13.1% beating the S&P 500 by +32.54% and Nasdaq by +46.20% in the worst market since 2008.
  • The past 5 value portfolios have returned: Jul 2022 +5.62%, Jan 2022 +7.77%, Jul 2021 +1.50%, Jan 2021 +78.44%, Jul 2020 +68.18% not including large dividends.
  • A return to value investing is expected in 2023 and this enhanced model strongly outperforms even without applying the Momentum Gauges to avoid downturns.
  • 7 of 10 of the January 2022 selections have positive total returns led by PBF +45.0%, ARLP +35.3%, PBR +24.2%, RE +6.9%.
  • These value portfolios have outperformed the S&P 500 every year since the model's inception in 2017 and the 2-year weighted average portfolio returns are 51.88%.
  • This idea was discussed in more depth with members of my private investing community, Value & Momentum Breakouts. Learn More »

San Marino Castle

MoreISO/iStock via Getty Images


These selections continue as ongoing tests of value algorithms using two of the best fundamental value models in peer-reviewed financial literature with additional customized enhancements. The full 2023 schedule of portfolio selections, research analysis, and the 2023 forecast

Benjamin Graham and Joseph Piotroski

Public Domain

Index Returns

Piotroski-Graham portfolio returns

January Portfolio with S&P 500 benchmark

Stock Screen

Stock Rover scores

ALLY - Ally Financial Inc. - Stock Price Chart

ALLY stock rover data

HMC - Honda Motor Co., Ltd. - Stock Price Chart

HMC stock rover report

SBOW - SilverBow Resources, Inc. - Stock Price Chart

SBOW stock rover report

Stock Screen

Uncle Stock

July Portfolio YTD

SPY chart

Piotroski measurement table

Amor-Tapia & Tascon, 2016

Graham number

Benjamin Graham

If you are looking for a great community to apply proven financial models with picks ranging from short term breakouts to long term value and forensic selections, join our 1,200+ outstanding members at Value & Momentum Breakouts

  • Subscribe now and learn why members are hooked on the Momentum Gauge® signals!
  • For the 5th year in a row 6 different portfolio models beat the S&P 500!
  • The MDA Breakouts gained 70.5% with 5 year +47.98% CAGR
  • Now into our 6th year, this rapidly growing service has consistently outperformed the S&P 500 every single year!

See what members are saying now - Click HERE

This article was written by

JD Henning profile picture
Revealing the best financial models targeting double digit success

Welcome! I am a Finance PhD, MBA, investment adviser, fraud examiner and certified anti-money laundering specialist with more than 30 years trading and investing stocks and other securities. I'm the founder of Value & Momentum Breakouts.


I'm JD Henning, the founder of Value & Momentum Breakouts. I've spent decades studying how to get better returns in the market. I've earned degrees researching markets, and even more importantly, I've spent the time myself as a trader and investor.  I am one of those unusual multi-millionaire, PhD's in finance, former Coast Guard officer with a bunch of certifications ranging from anti-money laundering specialist, investment adviser, to fraud examiner...  who genuinely enjoys helping others do well in the markets.  I'm bringing the fruits of my experience and research to this service.  I am highly accessible to members to answer questions and give guidance.  


It's been quite the start of the year for investors. My guess is, after a decade of good times in the market, you’re here looking for some guidance in how to navigate these volatile markets and the uncertainty of the coronavirus and inflationary conditions. You’re in the right place. For the past 5 years I’ve made my trading systems public and helped hundreds of my subscribers navigate and profit from every market downturn and breakout - including the coronavirus crash last year.


Value & Momentum Breakouts doesn't stop with the Momentum Gauges® and the Bull/Bear ETF strategy. The service is designed for investors who appreciate having easy access to quick picks from many top quantitative financial models across different types of investing strategies.  Portfolios and selections cover all types of investments:


Commodity and Volatility fund trading

Cryptocurrency chart analysis

Long term high-dividend growth stocks

Short term high-frequency breakout stocks

Forensic analysis value stocks

Value enhanced long term growth picks

ETF sector and bull/bear combination trades

Dow mega cap breakout picks

Sector and Index Momentum Gauges® for market timing


I share my expertise by generating frequent Value & Momentum Breakout stock portfolios from the different financial algorithms across peer-reviewed financial literature. The best selection of stocks from these algorithms are applied to the Premium Portfolio, beating the S&P 500 for the 3rd straight year in a row with average annual gains of 32.98% through 2020.


Try a 2-Week FREE trial and see all the value for yourself.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I continue to follow the Market Momentum Gauge® and Sector Momentum Gauge® signals. Readers are highly encouraged to consider your own optimal asset allocation strategies to diversify risks and enhance returns. I have been mostly in cash since February with many weeks of negative Momentum Gauge signals. My current trading continues in ETFs and I adjust my exposure ahead of weekends and holidays to minimize the risk from high volatility 3x funds that may not be appropriate investments for your portfolio.

Recommended For You

Comments (12)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.