Independent, conflict-free studies on the performance and predictive accuracy of ERS’s proprietary ratings. Scroll through the evidence.
| Group | Companies | 1-Year Return | 2-Year Return |
|---|---|---|---|
| A+ & A | 50 | -5.1% | +19.6% |
| B & C | 400 | -8.0% | +10.1% |
| D | 823 | -8.8% | +3.1% |
| E | 568 | -19.1% | -7.5% |
| F | 778 | -33.8% | -27.1% |
| S&P 500 | — | -18.1% | +3.4% |
“A rating that identifies the strongest companies before a bear market is a risk management tool. A-rated stocks lost less than a third of F-rated losses & compounded the advantage in recovery.”— Raymond Mullaney
| Grade | # Ratings | 4D Return | S&P 500 | Excess | % Gain |
|---|---|---|---|---|---|
| A+ | 3,526 | 32.1% | 12.0% | +20.1% | 75.8% |
| A | 9,461 | 20.5% | 11.0% | +9.5% | 71.0% |
| B | 23,602 | 15.1% | 8.6% | +6.5% | 69.2% |
| C | 102,874 | 13.5% | 8.8% | +4.7% | 66.9% |
| D | 175,459 | 10.6% | 9.3% | +1.3% | 62.6% |
| E | 57,098 | 7.8% | 9.6% | -1.8% | 56.2% |
| F | 61,480 | 2.3% | 9.2% | -6.9% | 49.1% |
“A rating that separates the highest-return stocks from the lowest — consistently, across 25 years and 433,500 data points — is documented evidence.”— Raymond Mullaney
| Grade | # Ratings | FSN Return | S&P 500 | Excess | % Gain |
|---|---|---|---|---|---|
| A+ | 1,549 | 33.3% | 18.3% | +15.0% | 74.6% |
| A | 5,018 | 21.0% | 14.5% | +6.5% | 68.3% |
| B | 10,843 | 17.4% | 13.7% | +3.7% | 68.4% |
| C | 71,534 | 13.5% | 11.8% | +1.7% | 63.8% |
| D | 265,623 | 10.8% | 10.5% | +0.3% | 62.2% |
| E | 69,529 | 5.8% | 8.7% | -2.9% | 56.5% |
| F | 9,404 | -1.5% | 9.0% | -10.5% | 43.7% |
“A rating that separates the highest-return stocks from the lowest — consistently, across 25 years and 433,500 data points — is not a hypothesis. It is documented, reproducible, falsifiable evidence.”— Raymond Mullaney
| Selection Date | Stocks | 4D Return | S&P 500 | Excess | % Gains |
|---|---|---|---|---|---|
| Jul 3, 2025 | 40 | 26.8% | 8.2% | +18.6% | 83% |
| Jul 31, 2025 | 44 | 29.0% | 7.1% | +21.9% | 84% |
| Aug 29, 2025 | 37 | 13.3% | 5.0% | +8.3% | 68% |
| Oct 2, 2025 | 25 | 11.6% | 0.9% | +10.7% | 56% |
| Nov 3, 2025 | 44 | 15.9% | -1.2% | +17.1% | 80% |
| Dec 1, 2025 | 48 | 10.7% | -0.7% | +11.4% | 71% |
| Dec 31, 2025 | 44 | 13.7% | -1.3% | +15.0% | 80% |
| Model | Cos. | Model Return | S&P 500 | Excess | % Gains |
|---|---|---|---|---|---|
| AA X-F | 65 | 123.1% | 33.3% | +89.8% | 77% |
| AA 14 | 79 | 87.2% | 29.6% | +57.6% | 76% |
| IA 1 | 198 | 63.1% | 28.6% | +34.5% | 74% |
| AA 7 | 5 | 59.4% | 13.5% | +45.9% | 80% |
| MCR 1 | 143 | 56.0% | 21.4% | +34.6% | 55% |
| AA 22 | 37 | 49.4% | 23.7% | +25.7% | 89% |
| AA 18 | 122 | 36.4% | 24.6% | +11.8% | 72% |
“These models don’t predict the future. They identify stocks that have historically demonstrated specific financial characteristics — and they document what happened next.”— Raymond Mullaney
| Benchmark | Return | vs. S&P 500 |
|---|---|---|
| FSN Top 40 | 30.0% | +16.6% |
| Russell 2000 | 19.6% | +6.2% |
| NASDAQ | 15.1% | +1.7% |
| S&P 500 | 13.4% | Baseline |
“On any day, every day, for 40 years — ERS can document the results of every stock our ratings identified. No research provider on Wall Street offers that transparency.”— Raymond Mullaney
