{"id":17036,"date":"2022-10-31T04:01:28","date_gmt":"2022-10-30T20:01:28","guid":{"rendered":"https:\/\/www.tejwin.com\/?post_type=insight&#038;p=17036"},"modified":"2026-02-25T15:56:27","modified_gmt":"2026-02-25T07:56:27","slug":"kenneth-l-fisher-growth-stocks-strategy","status":"publish","type":"insight","link":"https:\/\/www.tejwin.com\/en\/insight\/kenneth-l-fisher-growth-stocks-strategy\/","title":{"rendered":"Kenneth L. Fisher Growth Stocks Strategy"},"content":{"rendered":"\n<p id=\"507f\">We use Python to backtest Kenneth L. Fisher\u2019s growth stocks strategy on the Taiwan stock market.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter caption-align-center\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/1_1d6y7HZ_7SLRoHi7CAryP7g.png\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Photo by\u00a0Wance Paleri\u00a0on\u00a0<a href=\"https:\/\/unsplash.com\/s\/photos\/finance?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\" target=\"_blank\" rel=\"noreferrer noopener\">Unsplash<\/a><\/figcaption><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"8f3b\"><strong>Keyword\uff1a Kenneth L. Fisher\u3001Growth Stocks\u3001Strategy Backtest<\/strong><\/h4>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69f10dd3a3968\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69f10dd3a3968\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tejwin.com\/en\/insight\/kenneth-l-fisher-growth-stocks-strategy\/#What_is_Kenneth_Fishers_Growth_Stocks_Strategy\" >What is Kenneth Fisher&#8217;s Growth Stocks Strategy?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tejwin.com\/en\/insight\/kenneth-l-fisher-growth-stocks-strategy\/#Construct_a_strategy_with_the_Taiwan_stock_market\" >Construct a strategy with the Taiwan stock market<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tejwin.com\/en\/insight\/kenneth-l-fisher-growth-stocks-strategy\/#Database\" >Database<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tejwin.com\/en\/insight\/kenneth-l-fisher-growth-stocks-strategy\/#Data\" >Data<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tejwin.com\/en\/insight\/kenneth-l-fisher-growth-stocks-strategy\/#Conclusion\" >Conclusion<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tejwin.com\/en\/insight\/kenneth-l-fisher-growth-stocks-strategy\/#Source_Code\" >Source Code<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tejwin.com\/en\/insight\/kenneth-l-fisher-growth-stocks-strategy\/#Extended_Reading\" >Extended Reading<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tejwin.com\/en\/insight\/kenneth-l-fisher-growth-stocks-strategy\/#Obtain_all-encompassing_data_above_through_TEJ\" >Obtain all-encompassing data above through TEJ!<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"b93e\"><span class=\"ez-toc-section\" id=\"What_is_Kenneth_Fishers_Growth_Stocks_Strategy\"><\/span><strong>What is Kenneth Fisher&#8217;s Growth Stocks Strategy?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Kenneth L. Fisher, founder and president of Fisher Investments, and his father Philip A. Fisher, a representative of Qualitative Investment in the United States. Warren Buffett cites Philip A. Fisher as one of his two main inspirations for investing [the other is, of course, Benjamin Graham], which shows that Kenneth Fisher\u2019s investment pedigree is very profound.<\/p>\n\n\n\n<p>Fisher believes that a perfect superstock should have the following characteristics: First, it uses its capital to create the future and has a long-term average growth rate of about 15%-20%. Second, a long-term average after-tax profitability rate of more than 5%. Third, the stock price\/revenue ratio is 0.75 or lower. In terms of stock selection, Fisher considers two factors: one, the stock price\/revenue ratio, and two, the stock price\/R&amp;D expense ratio.<\/p>\n\n\n\n<p>1. Stock price\/revenue ratio (PSR)<\/p>\n\n\n\n<p>a. Avoid stocks with a PSR over 1.5 and never touch any company with a PSR greater than 3.<\/p>\n\n\n\n<p>b. Actively look for super companies with a PSR below 0.75.<\/p>\n\n\n\n<p>c. When the PSR of any super company rises between 3 and 6, sell your holdings.<\/p>\n\n\n\n<p>2. Stock price\/R&amp;D expense ratio (PRR)<\/p>\n\n\n\n<p>a. Don\u2019t buy a company with a PRR higher than 15, there are plenty of super companies with a low PRR.<\/p>\n\n\n\n<p>b. Look for super companies with PRR between 5 and 10. There are not many companies with a PRR less than 5 times.<\/p>\n\n\n\n<p><strong><img decoding=\"async\" width=\"20\" height=\"20\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/871ALSvc7Cxk4LDYSXE8izFpus4gRz55na8hd8PRfkBPpABOIn1YQwpNV5HOgYyTmJrzJqfotjwg0aWc5Kag2_t2rIQxwwd9DEYDFOAl__6zHaP2FOKJmpbNXxv1gftbRTTZ7EeNFssu5B8zxbIb1Es.png\"><\/strong>We summarized and adjusted the above conditions to take into account the change in times.<strong><img decoding=\"async\" width=\"20\" height=\"20\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/871ALSvc7Cxk4LDYSXE8izFpus4gRz55na8hd8PRfkBPpABOIn1YQwpNV5HOgYyTmJrzJqfotjwg0aWc5Kag2_t2rIQxwwd9DEYDFOAl__6zHaP2FOKJmpbNXxv1gftbRTTZ7EeNFssu5B8zxbIb1Es.png\"><\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p id=\"87ed\">1. Debt ratio below 35%<\/p>\n\n\n\n<p id=\"0a81\">2. Average revenue growth rate for the last 5 years\u226715%<\/p>\n\n\n\n<p id=\"3265\">3. Average net interest rate after tax for the last 5 years\u22675%<\/p>\n\n\n\n<p id=\"8d59\">4. Stock price to revenue ratio (PSR) \u2266 1.5<\/p>\n\n\n\n<p id=\"b638\">5. Stock price to R&amp;D expense ratio (PRR) \u2266 15<\/p>\n<\/blockquote>\n\n\n\n<p id=\"aa13\">In addition, since the strategy does not have a clear exit point, but the monthly revenue of Taiwan companies is announced at the beginning of each month, we screen on a monthly cycle and rebalance the portfolio.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Construct_a_strategy_with_the_Taiwan_stock_market\"><\/span><strong>Construct a strategy with the Taiwan stock market<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"669f\"><span class=\"ez-toc-section\" id=\"Database\"><\/span><strong>Database<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p id=\"853b\">IFRS Financial Accounting Accounts Explanatory File (TWN\/AIACC)<br>Listed company adjusted stock price(daily)-ex-right and dividends adjustment (TWN\/APRCD1)<br>Securities Attribute Information Sheet (TWN\/ANPRCSTD)<br>IFRS Consolidated Primary Financial Reports(Single Quarter) \u2014 All Industries IV (TWN\/AIFINQ)<br>Listed Monthly Sales(TWN\/ASALE)<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"f823\"><span class=\"ez-toc-section\" id=\"Data\"><\/span><strong>Data<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p id=\"7386\">First, we searched for the required accounting codes from the \u201cIFRS Financial Account Description File\u201d, and then downloaded the debt ratios, net profit margins, and R&amp;D expenses of all listed companies from the \u201cIFRS Consolidated Primary Financial (Quarterly) \u2014 All Industries IV\u201d database, while the revenue growth rates and stock price to revenue ratios were additionally retrieved from the \u201cListed Monthly Sales\u201d database.<\/p>\n\n\n\n<p id=\"4213\">Next, Use company codes and specific accounting codes to download the required financial data and monthly revenue information.<\/p>\n\n\n\n<p><strong>After collecting both financial and monthly data, we combined them into one table. <\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/1rwaYSHg44w16ORp4LZ2kBA.png\" alt=\"\"\/><\/figure>\n\n\n\n<p id=\"0217\">Based on the strategy, we need to calculate the past five-year average annual revenue growth rate, stock price to revenue ratio, and stock price to R&amp;D ratio.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/1WpFL8KO1HGgOxMLOwuATSg.png\" alt=\"\"\/><\/figure>\n\n\n\n<p id=\"c22f\">We compose the filter into a function to facilitate further parameter optimization comparisons later, and simply calculate the annualized return, annualized standard deviation, and annualized Sharpe ratio.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p id=\"124e\">According to the table below,&nbsp; we can see that the three-year investment period eventually has a cumulative rate of return of 75.7%, the annualized rate of return reached 36%, and the Sharpe ratio is 1.3869. Note: The risk-free interest rate is set at 0%.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"385\" height=\"537\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-24.png\" alt=\"\" class=\"wp-image-18368\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-24.png 385w, https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-24-215x300.png 215w, https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-24-108x150.png 108w\" sizes=\"(max-width: 385px) 100vw, 385px\" \/><\/figure>\n\n\n\n<p id=\"b596\">Furthermore, To have a more intuitive view of the strategy\u2019s performance, we have downloaded the broad market return index Y9997 as a benchmark to see if the strategy can beat the general market.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p id=\"7347\">From the chart, we can see that the initial good targets can quickly outperform the general market. However,&nbsp; after the V-shaped rebound in the stock market at the end of 2020, we can not find very good growth stocks. It is mainly because the influx of capital is likely to disconnect the stock price from revenue performance in a short period, which results in the setting of the ratio of stock price to revenue, even limiting the targets that can be found in the surging stock market.&nbsp; In addition, companies that have no R&amp;D expenses in the last year will cause the stock price R&amp;D ratio to be infinitely large, making it eliminated by the condition of stock price R&amp;D ratio &lt;15, and eventually there will be no more suitable targets after the end of 2020.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img decoding=\"async\" width=\"860\" height=\"594\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-19.png\" alt=\"\" class=\"wp-image-18342\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-19.png 860w, https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-19-300x207.png 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-19-150x104.png 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-19-768x530.png 768w\" sizes=\"(max-width: 860px) 100vw, 860px\" \/><\/figure>\n\n\n\n<p id=\"70bf\">Therefore, to test whether the strategy can outperform the market more significantly, we further relaxed the previous parameters, especially the price-to-revenue ratio, from 1.5x to 2x. As you can see. Although the standard deviation increased after the relaxation, the resulting return was more significant, raising the overall Sharpe ratio from 1.3869 by 47% to 2.0448.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"277\" height=\"383\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-20.png\" alt=\"\" class=\"wp-image-18344\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-20.png 277w, https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-20-217x300.png 217w, https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-20-108x150.png 108w\" sizes=\"(max-width: 277px) 100vw, 277px\" \/><\/figure>\n\n\n\n<p id=\"0136\">As shown below, there is at least a two-fold difference against the Y9997 benchmark for the same period, and we can even find out that the major payoffs are coming from the mid to late 2019 period.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"865\" height=\"591\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-23.png\" alt=\"\" class=\"wp-image-18365\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-23.png 865w, https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-23-300x205.png 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-23-150x102.png 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-23-768x525.png 768w\" sizes=\"(max-width: 865px) 100vw, 865px\" \/><\/figure>\n\n\n\n<p id=\"a9d5\">If we break down and further look at this period from 2019\/08\/01 to 2019\/11\/01, we will find out that only 6538.TW has a return rate of 83%, making an impressive contribution to the overall investment group.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"598\" height=\"468\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-21.png\" alt=\"\" class=\"wp-image-18360\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-21.png 598w, https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-21-300x235.png 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/MicrosoftTeams-image-21-150x117.png 150w\" sizes=\"(max-width: 598px) 100vw, 598px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"de9c\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Overall, Kenneth Fisher\u2019s strategy is centered on finding undervalued growth stocks on a PSR basis, while the company itself also needs to have a continuous investment in R&amp;D and a low debt ratio to increase revenue growth and maintain a certain level of after-tax net profit margin.<\/p>\n\n\n\n<p>However, the original PSR of 0.75x~1.5x is too strict for Taiwan stocks, which makes it hard to find targets with low PSR during a major stock market rebound, but after relaxing to 2x PSR, we have successfully found a starting point for 6538.TW and even increased the return of the investment group. It is important to note that this strategy only provides the logic of stock selection, but not the exit or stop loss settings. If we want to build an investment portfolio based on this strategy, it is recommended to refer to other indicators as the basis for exit points and stop losses.<\/p>\n\n\n\n<p>Last but not least, a profitable investment strategy comes with a comprehensive database, if you are interested in issues like Creating Trading Strategy, Performance Backtesting, and Evidence-based research, welcome to click the link below to see all-encompassing data of TEJ.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"80fd\"><span class=\"ez-toc-section\" id=\"Source_Code\"><\/span><strong>Source Code<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/gist.github.com\/tej87681088\/13a00a55c739d4b12a234e21812b7589#file-tejapi_python_fisher_strategy-ipynb\" class=\"ek-link\" target=\"_blank\" rel=\"noopener\">Click here to go Github<\/a><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"65fc\"><span class=\"ez-toc-section\" id=\"Extended_Reading\"><\/span><strong>Extended Reading<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.tejwin.com\/en\/insight\/the-sweet-period-of-emerging-stock-to-listed-stock\/\" class=\"ek-link\">The sweet period of emerging stock to listed stock<\/a><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.tejwin.com\/en\/insight\/momentum-trade\/\" class=\"ek-link\">Momentum trade<\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Obtain_all-encompassing_data_above_through_TEJ\"><\/span><strong>Obtain all-encompassing data above through TEJ!<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>TEJ Quantitative datasets allow decision makers to get access to accurate data in real-time and improve strategy performance:&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>\u2022\u2003Avoid look-ahead bias and reduce inaccurate assumptions&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>\u2022\u2003Finding effective factors that facilitate quantitative modeling&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>Assess to databank&nbsp;<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-tej wp-block-embed-tej\"><div class=\"wp-block-embed__wrapper\">\nhttps:\/\/www.tejwin.com\/en\/news\/quantitative-datasets\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>We use Python to backtest Kenneth L. Fisher\u2019s growth stocks strategy on the Taiwan stock market. Keyword\uff1a Kenneth L. Fisher\u3001Growth Stocks\u3001Strategy Backtest What is Kenneth Fisher&#8217;s Growth Stocks Strategy? Kenneth L. Fisher, founder and president of Fisher Investments, and his father Philip A. Fisher, a representative of Qualitative Investment in the United States. Warren Buffett [&hellip;]<\/p>\n","protected":false},"featured_media":17038,"template":"","tags":[3063,3005],"insight-category":[690,50],"class_list":["post-17036","insight","type-insight","status-publish","has-post-thumbnail","hentry","tag-backtesting-2","tag-tejapi-application","insight-category-data-analysis","insight-category-fintech"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight\/17036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight"}],"about":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/types\/insight"}],"version-history":[{"count":1,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight\/17036\/revisions"}],"predecessor-version":[{"id":23361,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight\/17036\/revisions\/23361"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/media\/17038"}],"wp:attachment":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/media?parent=17036"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/tags?post=17036"},{"taxonomy":"insight-category","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight-category?post=17036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}