Quantitative Equity Research for ASX and U.S. Stocks
Every stock scored. Every rating earned.
NVDA
Nvidia Corp
Managed Portfolios
ASX and U.S. equities. Scored, ranked, and managed.
Two concentrated portfolios built from the highest-scoring securities in each market. Every position earns its place through the system. You see every holding, every score, every change.
🇦🇺 ASX Portfolio14 positions
VYS.AX
Vysarn Ltd
UNI.AX
Universal Store
PME.AX
Pro Medicus
BHP.AX
BHP Group
NHC.AX
New Hope Corp
Full portfolio access with membership →
🇺🇸 US Portfolio22 positions
AMAT
Applied Materials
LRCX
Lam Research
STLD
Steel Dynamics
LLY
Eli Lilly
NVDA
Nvidia Corp
Full portfolio access with membership →
14ASX positions
22US positions
91Avg Buy JDS
Expert-ManagedNot auto-generated
Analyst Research
Written analysis on every position. Not a screener. A report.
What changed, why it matters, and what to do next. The system sets the rating. The analyst delivers the insight: sector context, risk factors, and conviction. Published the same day scores move.
Research UpdateMarch 28, 2026
WA water services provider with FY25 revenue up 42%, driven by mining dewatering demand and government infrastructure contracts. Operating efficiency continues to improve as the fleet scales, and the balance sheet carries no net debt. Cash flow performance sits at 93, financial strength at 95. The system has rated Vysarn a Buy across four consecutive syncs with no deterioration in any sub-score. We remain buyers.
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Expert-WrittenEvery report
Same-DayPublication
Score + InsightQuant meets conviction
Market Intelligence
Portfolio stance. Macro outlook. Updated as conditions move.
Not a set-and-forget newsletter. The stance changes when the data changes. Members see the call, the reasoning, and the distribution in real time.
Portfolio Stance
Current Stance
Defensive
No change since February 1, 2026
S&P 500 and ASX 200 both trade below their 200-day moving averages, with the Iran conflict now in its fifth week, oil supply constrained through the Strait of Hormuz, and stagflation risk building. The ASX 200 is down roughly 9% from its February high. We favour quality, defensive positioning and reduced high-beta exposure until the geopolitical picture clarifies.
Buy 55%Hold 30%Sell 15%
3Stance shifts in 12m
InstitutionalGrade commentary
Macro + MicroCombined signals
Full Transparency
Every score visible. Every sell call documented.
No black boxes. When a score deteriorates, the downgrade is automatic. When the system says sell, the report is published the same day. That discipline is what separates this from opinion.
Score Alert
WTC.AX
JDS 67 → 42
Five consecutive sync downgrades. Valuation collapsed to 28. Governance concerns unresolved. Rating downgraded to SELL.
Sell Executed
PME.AX
+975% captured
SELL called at $270.50, near the peak. Position closed. Loss avoided on the subsequent 53% drawdown.
FullAudit trail
EveryScore visible
Same-DaySell publication
25-Year Track Record
Built on data back to 2001. Validated through every crisis since.
100 quarterly snapshots. 4,000+ stocks per snapshot. Eight proprietary composites engineered using machine learning across every market regime since the dot-com peak. This is what the system found.
Alpha360 Score Performance · 2001 to 2026
22.4%
CAGR over 25 years. Equal-weight top quintile, quarterly rebalanced. Price returns only.
28.5×
$1 grew to $149.54 vs $5.24 for the S&P 500 over 25 years. Price returns only.
+15.3%
Annualised alpha vs S&P 500 price return (~6.9% CAGR). 23 of 25 years positive alpha.
100
Non-overlapping quarterly snapshots across 4,000+ US stocks per period, 2001 to 2026
Training period 2005–2016, out-of-sample 2016–2026 + 2001–2004 (14 years unseen data). Price returns only, excludes dividends. Past performance is not indicative of future results.
2000 to 2002
Dot-Com Bust
S&P 500 fell 49%
Alpha360 returned +19.9% in 2001 while the S&P lost 13.2%. Cumulative excess of +48.8% across 2001–02. Earnings Performance and Financial Strength composites isolated survivors.
2008 to 2009
Global Financial Crisis
S&P 500 fell 55%
Alpha360 drew down −23% vs the S&P’s −39.8%. Excess of +16.8%. Financial Strength emerged as the #1 all-weather factor. Recovery in ~6 months vs ~36 for the index.
2020
COVID Crash
S&P 500 fell 34% in 23 days
Alpha360 returned +93.6% for the year, +77.2% excess vs the S&P. Growth and Earnings composites flagged recovery stocks. Nvidia rated #1 in Semiconductors at $5.43.
2022
Rate Shock
S&P 500 fell 28%
Alpha360 lost −7.1% vs the S&P’s −19.7%. Excess of +12.6%. Cash Flow and Operating Efficiency composites rotated toward value and quality as growth was punished.
Signal Persistence · Training vs Out-of-Sample
TRAINING
20.9%
CAGR 2005–2016 · Sharpe 2.09 · 12/12 +alpha years
OUT-OF-SAMPLE
24.5%
CAGR 2016–2026 · Sharpe 1.60 · 9/10 +alpha years
DOWN CAPTURE
9%
vs S&P 500. Up capture 197%. The system barely loses when the market falls.
ROLLING 5YR
95%
of rolling 5-year windows beat the S&P 500. Worst 5-year CAGR: +9.3%.
Your Research Team
A research team. Not a platform.
You're not subscribing to software. You're getting direct access to the people behind every call. We're selective about who we take on, because we're accountable for every recommendation we make.
Prof. Stewart Jones
Co-Founder · Chief Research Officer
FASSA, PhD, FCPA. University of Sydney. The academic architect behind Alpha360 and the JDS methodology. 20+ years developing quantitative scoring systems across global equity markets.
Henry Jones
Co-Founder · Chief Executive Officer
Background in ECM, investor relations, and equity research sales. Built the entire Financial Trends Australia platform from the ground up. Writes the research. Takes the calls. Answers the emails.
Jordan Cheng
Chief Operating Officer
Member experience, operations, and the commercial engine behind Financial Trends Australia. Ensures every member interaction runs at institutional standard.
Professorial Updates
Stay informed by world-class expertise.
Regular insights from Professor Jones on macro conditions, methodology refinements, and the quantitative signals that institutional investors pay attention to.
Direct analyst access. Questions about a position? Call or email. This is not a help desk.
Macro and methodology briefs. What's moving, what's shifting in the model, and what it means for your portfolio.
Selective membership. We don't take everyone. Small book, high conviction, full accountability.
What members see when they log in
Portfolio Stance
Defensive
No change since February 1, 2026
S&P 500 and ASX 200 both trade below their 200-day moving averages, with the Iran conflict now in its fifth week, oil supply constrained through the Strait of Hormuz, and stagflation risk building. The ASX 200 is down roughly 9% from its February high. We favour quality, defensive positioning and reduced high-beta exposure until the geopolitical picture clarifies.
81
Avg JDS (All)
78
ASX Buys
84
US Buys
Buy 55% Hold 30% Sell 15%
Recent Research Updates · ASX
96
VYS.AXVysarn Ltd
WA water services provider with FY25 revenue up 42%, driven by mining dewatering demand and government infrastructure contracts.71
NHC.AXNew Hope Corporation
Thermal coal producer with financial strength at 88 but Newcastle export prices softening and momentum fading.42
WTC.AXWiseTech Global
Logistics software provider with JDS deteriorating across five consecutive syncs, valuation score collapsed to 28, governance unresolved.Recent Research Updates · US
97
LRCXLam Research Corp
Semiconductor equipment leader with revenue guidance raised three consecutive quarters and financial strength at 94.99
LLYEli Lilly and Co
GLP-1 franchise dominance driving 30%+ revenue growth, but trading at 65x forward earnings with valuation score at just 12.47
QCOMQualcomm Inc
Mobile chip cycle peaking with licensing revenue under pressure and earnings, momentum, and growth scores all below 50.We find the best stock in the sector.
This is what happened.
Nvidia ranked #1 of 42 in Semiconductors TOP 1%
Price Performance vs Peers · Mar 2020 to Mar 2026
Alpha360 rated Nvidia #1 at $5.43. It has returned +3,112% since. Qualcomm, in the same sector, returned +91%.
Across all sectors.
Universal Store ranked #1 of 18 in Specialty Retail TOP 6.3%
Price Performance vs Peers · Jan 2024 to Jan 2026
+120% since January 2024. The average retail peer delivered -34%.
And when scores fall, the system acts.
Pro Medicus ranked #1 of 43 in Health Care TOP 2.3%
Price Performance vs Peers · May 2020 to Mar 2026
+975% since May 2020. The system called SELL at $270.50, near the peak. The average healthcare peer returned -21%.
Eight sub-scores. One living score.
The research is written.
The portfolios are live.
Seats are open.
Structured research, managed portfolios, and a quantitative framework that adapts as markets evolve. One membership. Full access.
The Jones Report provides general investment research and market commentary. It does not consider individual objectives or circumstances and is not personal financial advice.