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If you have a basic understanding of value investing. This is a good book as it brings a quantitative approach to fundamental analsyis, which will...
The best way to find out whcih factor has the edge is to run a series of back-tests which split the market up into deciles.
Have you had a look at Forwardcaster.com? They have a fundamentals-based backtesting engine and screener for the OZ and NZ markets.