MFI Index Continues To Rock In 2018

MFI Index Continues To Rock In 2018

Regular readers know I have created an MFI Index.  This is a grouping of 50 MFI stocks that I reconstitute once a year.  I have been tracking my MFI Index since 2006.

While in total, the MFI Index has trailed the Russell 3000 (the benchmark I use), it is doing great so far in 2018.  It is up a staggering 17.5%.  That is more than double the results of the benchmark.

Here is a table showing all 50 stocks in my index and how they've done in 2018.  Note that cumulative dividends are just added to current price:

Index	Stock	Start	Current	YTD Change	Shares
1.00	AMAG	13.25	24.75	86.8%	3.43
2.00	AMCX	54.08	62.97	16.4%	11.14
3.00	ABC	91.82	88.75	-3.3%	8.29
4.00	AMGN	173.90	199.95	15.0%	11.85
5.00	AGX	45.00	40.70	-9.6%	14.47
6.00	BIVV	53.92	105.00	94.7%	39.31
7.00	HRB	26.22	27.22	3.8%	11.72
8.00	BPT	20.10	33.43	66.3%	7.79
9.00	ABCD	5.68	13.62	139.8%	7.81
10.00	CPLA	77.40	104.86	35.5%	13.29
11.00	CASA	17.76	13.10	-26.2%	23.28
12.00	CSCO	38.30	46.73	22.0%	6.62
13.00	CNCE	25.87	15.81	-38.9%	19.90
14.00	CJREF	9.21	3.53	-61.7%	10.93
15.00	DLX	76.84	60.74	-21.0%	7.64
16.00	DIN	50.73	80.74	59.2%	12.87
17.00	DISCA	22.38	29.55	32.0%	3.57
18.00	EGRX	53.42	80.42	50.5%	20.04
19.00	EVC	7.15	5.45	-23.8%	0.74
20.00	ESRX	74.64	87.85	17.7%	111.37
21.00	GME	17.95	17.21	-4.1%	30.48
22.00	GILD	71.64	74.46	3.9%	52.83
23.00	HSII	24.55	43.89	78.8%	20.31
24.00	HPQ	21.01	24.76	17.8%	7.36
25.00	INVA	14.19	14.08	-0.8%	23.12
26.00	IDCC	76.15	83.15	9.2%	20.18
27.00	IPG	20.16	23.19	15.0%	8.99
28.00	KLAC	105.07	114.63	9.1%	26.34
29.00	LEE	2.35	2.90	23.4%	9.01
30.00	MCFT	22.22	25.77	16.0%	17.35
31.00	MPAA	24.99	26.30	5.2%	10.76
32.00	MSGN	20.25	25.25	24.7%	15.05
33.00	NHTC	15.19	26.16	72.2%	9.92
34.00	NLS	13.35	14.80	10.9%	9.88
35.00	EGOV	16.60	17.41	4.9%	101.94
36.00	OMC	72.83	70.80	-2.8%	21.05
37.00	PTN	0.86	0.92	6.6%	16.34
38.00	PDLI	2.74	2.33	-15.0%	17.47
39.00	PCOA	575.00	689.00	19.8%	4.20
40.00	PBI	11.18	8.75	-21.8%	7.22
41.00	SRNE	3.80	5.55	46.1%	32.80
42.00	SP	37.10	40.80	10.0%	6.00
43.00	SYNT	22.99	40.60	76.6%	13.66
44.00	TGNA	14.08	11.50	-18.3%	41.81
45.00	MEET	2.82	4.15	47.2%	30.61
46.00	TVTY	36.55	32.75	-10.4%	2.30
47.00	TRNC	17.59	16.73	-4.9%	21.57
48.00	UTHR	147.95	128.11	-13.4%	17.27
49.00	VEC	30.85	33.34	8.1%	8.77
50.00	VIAB	30.81	32.34	5.0%	78.79
	Total	21,371		17.5%

I think a big reason for success so far is very few stinker stocks (those down 30% or more).  Only 2: CJREF and CNCE.  Over time, it has been more in the 12 to 16% range (so 6 to 8 out of 50).  ABCD is the biggest winner. BIVV has been bought.  PCOA and ESRX are also in process of being bought/going away.

Here is table showing MFI Index versus Russell 3000 (R3K) year by year back to 2006:

	Annual		Inception to Date
Year	Russell	MFI	Russell ITD	MFI ITD
2006	11.4%	15.0%	11.4%	15.0%
2007	4.1%	-6.7%	16.0%	7.3%
2008	-37.0%	-38.0%	-27.0%	-33.4%
2009	32.5%	45.2%	-3.3%	-3.3%
2010	18.4%	22.8%	14.5%	18.7%
2011	-0.6%	-10.5%	13.9%	6.2%
2012	16.4%	9.7%	32.6%	16.6%
2013	33.0%	51.7%	76.3%	76.8%
2014	12.3%	12.1%	98.0%	98.1%
2015	0.4%	-8.9%	98.7%	80.4%
2016	12.5%	13.2%	123.5%	104.2%
2017	20.8%	4.7%	170.1%	113.9%
2018	8.5%	17.5%	193.1%	151.3%