Model is leaning hard on earnings yield vs bonds: 10 of 10 names. Book +18.7% to +29.0%, median conf 87. Sector count is thin, Consumer Cyclical 2, Utilities 1, Industrials 1. This is a factor list fi

What changed

KANSAI ELECTRIC POWER CO INC ($9503.T) leads: Utilities, univ 100%, sec 100%, +29.0%, conf 87. ↑ earnings yield vs bonds +0.0902, ↑ 6mo momentum +0.0142, ↑ 6mo alpha vs SPY +0.0123. Konica Minolta, Inc. ($4902.T) is Industrials, univ 100%, sec 100%, +26.6%, conf 87. ↑ earnings yield +0.0820, ↑ downside risk +0.0194, ↑ illiquidity +0.0101. Idemitsu Kosan Co.,Ltd. ($5019.T) is Energy, univ 99%, sec 100%, +25.8%, conf 87. ↑ earnings yield +0.0902, ↓ 12mo momentum -0.0206, ↑ 6mo momentum +0.0142. Daiwa House Industry Co., Ltd. ($1925.T) is Real Estate, univ 99%, sec 100%, +22.7%, conf 87. ↑ earnings yield +0.0902, ↑ downside risk +0.0231, ↑ 12mo momentum +0.0155. Sumitomo Chemical Company, Limited ($4005.T) is Basic Materials, univ 98%, sec 100%, +21.4%, conf 87. ↑ earnings yield +0.0813, ↑ 6mo momentum +0.0071, ↑ max drawdown +0.0065. Suzuki Motor Corporation ($7269.T) is Consumer Cyclical, univ 98%, sec 100%, +21.2%, conf 87. ↑ earnings yield +0.0902, ↑ downside risk +0.0102, ↑ 12mo mome

Why it matters