roaq
Quarterly ROA — Balakrishnan Bartov and Faure 2010
Profitability
Quick facts
| Factor ID | roaq |
| Display name | Quarterly ROA |
| Family | Predictor |
| Category | Profitability |
| Direction | higher_expected_return |
| Status | supported |
| Paper | Balakrishnan Bartov and Faure 2010 |
| Source tables | fina_indicator |
| Required fields | roa |
| PIT required | yes |
| Coverage | 2010-04-27 – 2026-05-15 · 666,313 rows · 97.3% of panel |
Formula
roa / 100
Return on assets from fina_indicator converted to decimal.
China adaptation
Uses Tushare fina_indicator roa field directly.
Direction-adjusted cumulative return
Return metrics
| Metric | Value |
|---|---|
| Months in sample | 193 |
| Monthly mean | 0.1373% |
| Monthly std | 3.8104% |
| Annualized Sharpe | 0.12 |
| t-stat (simple) | 0.50 |
| Hit rate (months > 0) | 49.7% |
| Last 12M compounded | -5.05% |
| Cumulative wealth (start = 1) | 1.134 |
Recent 12 months
| Month | L/S return | Cumulative | Names |
|---|---|---|---|
| 2025-05 | -3.23% | 1.155 | 5036 |
| 2025-06 | -1.09% | 1.143 | 5047 |
| 2025-07 | +1.14% | 1.156 | 5049 |
| 2025-08 | +1.52% | 1.173 | 5052 |
| 2025-09 | -2.28% | 1.147 | 5059 |
| 2025-10 | -5.21% | 1.087 | 5065 |
| 2025-11 | +5.47% | 1.146 | 5070 |
| 2025-12 | +1.75% | 1.167 | 5084 |
| 2026-01 | -1.78% | 1.146 | 5083 |
| 2026-02 | -0.23% | 1.143 | 5088 |
| 2026-03 | -0.50% | 1.137 | 5089 |
| 2026-04 | -0.32% | 1.134 | 5086 |
Known data issues
None recorded.
Notes
None recorded.
See also: Profitability family, Factor library, Factor returns.