{"id":38028,"date":"2025-08-28T14:00:00","date_gmt":"2025-08-28T06:00:00","guid":{"rendered":"https:\/\/www.tejwin.com\/?post_type=insight&#038;p=38028"},"modified":"2025-09-19T14:22:30","modified_gmt":"2025-09-19T06:22:30","slug":"jabli-watson-factor-model-the-growth-formula-for-quantitative-momentum-investing","status":"publish","type":"insight","link":"https:\/\/www.tejwin.com\/en\/insight\/jabli-watson-factor-model-the-growth-formula-for-quantitative-momentum-investing\/","title":{"rendered":"Jabli\u2013Watson Factor Model: The Growth Formula for Quantitative Momentum Investing"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full caption-align-center\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1186\" height=\"762\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53481.50.16-1.png\" alt=\"\u8cc8\u5e03\u5229\u2027\u74e6\u68ee \u52d5\u80fd\u578b\u9078\u80a1\u6cd5\u5247\" class=\"wp-image-37674\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53481.50.16-1.png 1186w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53481.50.16-1-300x193.png 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53481.50.16-1-1024x658.png 1024w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53481.50.16-1-150x96.png 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53481.50.16-1-768x493.png 768w\" sizes=\"(max-width: 1186px) 100vw, 1186px\" \/><figcaption class=\"wp-element-caption\">Photo by<a href=\"https:\/\/unsplash.com\/@blankerwahnsinn?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash\" target=\"_blank\" rel=\"noopener\"> <\/a><a href=\"https:\/\/unsplash.com\/@gettyimages\" target=\"_blank\" rel=\"noopener\">Getty Images<\/a> on<a href=\"https:\/\/unsplash.com\/photos\/pink-pig-figurine-on-white-surface-pElSkGRA2NU?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash\" target=\"_blank\" rel=\"noopener\"> Unsplash<\/a><\/figcaption><\/figure>\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-69d8f5f04733f\" 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-69d8f5f04733f\"  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\/jabli-watson-factor-model-the-growth-formula-for-quantitative-momentum-investing\/#Introduction\" >Introduction<\/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\/jabli-watson-factor-model-the-growth-formula-for-quantitative-momentum-investing\/#Investment_Universe_Backtesting_Period\" >Investment Universe &amp; Backtesting Period<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tejwin.com\/en\/insight\/jabli-watson-factor-model-the-growth-formula-for-quantitative-momentum-investing\/#Strategy_Framework\" >Strategy Framework<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tejwin.com\/en\/insight\/jabli-watson-factor-model-the-growth-formula-for-quantitative-momentum-investing\/#Performance_Charts_Analysis\" >Performance Charts &amp; Analysis<\/a><\/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\/jabli-watson-factor-model-the-growth-formula-for-quantitative-momentum-investing\/#Further_Reading\" >Further Reading<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tejwin.com\/en\/insight\/jabli-watson-factor-model-the-growth-formula-for-quantitative-momentum-investing\/#Related_Links\" >Related Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction\"><\/span>Introduction<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Gabriel Watson <\/strong>&nbsp;is a well-known American growth-momentum portfolio manager. In his early career, he worked at Morgan Stanley Investment Management and William O\u2019Neil &amp; Co., where he accumulated extensive market research experience. Since joining Black Rose Capital Management in 1998, Watson has broken away from the confines of traditional value investing and developed a systematic, rule-based stock-picking method centered on&nbsp;<strong>\u201crevenue momentum and price strength.\u201d<\/strong>&nbsp;He calls this framework&nbsp;<strong>\u201cThe Machine.\u201d<\/strong>&nbsp;In an environment characterized by rapid information flow and swift capital rotation, this approach has enabled him to capture the powerful upward moves of leading stocks.<\/p>\n\n\n\n<p>The core of Watson\u2019s strategy is to identify companies with&nbsp;<strong>accelerating revenue growth<\/strong>&nbsp;while requiring their&nbsp;<strong>price and trading volume to show simultaneous strength<\/strong>, signaling that the fundamentals are being recognized by the market. This methodology famously picked&nbsp;<strong>Netbank<\/strong>&nbsp;during the 1998\u20131999 period, which soared more than 700% in less than a year, cementing Watson\u2019s reputation in momentum investing. Unlike the entry logic of value investors, who look for undervaluation, Watson focuses on&nbsp;<strong>growing companies<\/strong>&nbsp;and executes trades entirely on data-driven, quantitative rules. The result is a distinctive, highly responsive investment system that emphasizes immediacy and flexibility.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Investment_Universe_Backtesting_Period\"><\/span>Investment Universe &amp; Backtesting Period<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This study selects all companies listed on the Taiwan Stock Exchange (TWSE) and the Taipei Exchange (TPEx) as the investment universe. We collect stock prices, financial statements, and insider shareholding data starting from 2013, followed by data cleaning and integration. Since the strategy design requires referencing the most recent three years of financial information, the effective backtesting window is set from&nbsp;<strong>January 1, 2017, to May 1, 2025<\/strong>. Only eligible firms are included in the historical performance simulation, ensuring both data integrity and the rigor of strategy evaluation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Strategy_Framework\"><\/span>Strategy Framework<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The strategy draws inspiration from&nbsp;<strong>Gabriel Watson\u2019s<\/strong>&nbsp; momentum-growth stock selection logic at Blackrose Capital, which emphasizes&nbsp;<strong>\u201crevenue growth + price momentum.\u201d<\/strong>&nbsp;We translate this into six concrete quantitative conditions and adjust them to align with the characteristics of the Taiwan market, incorporating a ranking and scoring system. The stock selection process combines&nbsp;<strong>fundamental growth potential<\/strong>&nbsp;with&nbsp;<strong>market recognition<\/strong>, aiming to identify companies that exhibit rapid operational expansion, strong share price performance, and high investor attention.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Market Capitalization &gt; 80th Percentile<\/strong><\/li>\n<\/ul>\n\n\n\n<p>To exclude very small-cap companies with limited transparency and higher liquidity risk, the strategy sets market capitalization as a baseline filter. Specifically, we retain only firms whose market capitalization ranks within the top 80% of the market, thereby removing the bottom 20%. This ensures basic conditions for institutional participation and analyst coverage.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Trailing 12-Month Revenue Growth in Top 20%<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Rapid revenue expansion over the past year indicates recent improvements in fundamentals, rising industry demand, or market share gains, all of which raise the likelihood of becoming market leaders. Thus, the strategy requires that a firm\u2019s&nbsp;<strong>trailing 12-month revenue growth rate<\/strong>&nbsp;be in the top 20% of the market (&gt; 80th percentile).<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Three-Year Revenue Growth in Top 40%<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Consistency between short-term and long-term growth improves sustainability and operational stability. Therefore, the strategy includes a condition requiring&nbsp;<strong>three-year revenue growth<\/strong>&nbsp;to rank within the top 40% of the market (&gt; 60th percentile), filtering out firms with only short-lived spikes and questionable long-term prospects.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<ul class=\"wp-block-list\">\n<li><strong>Trailing 12-Month Average Monthly Turnover &gt; 60th Percentile<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Turnover ratio serves as a proxy for liquidity and investor attention. To avoid illiquid stocks that are difficult to trade in practice, the strategy excludes firms whose&nbsp;<strong>average monthly turnover over the past 12 months<\/strong>&nbsp;ranks in the bottom 40% of the market, retaining only the top 60%.<\/p>\n<\/blockquote>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Trailing 12-Month Price Performance in Top 20%<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Price reflects the market\u2019s aggregated information. Strong price performance over the past year suggests that revenue growth and earnings potential have already gained investor recognition. The strategy therefore selects only stocks with&nbsp;<strong>trailing 12-month price appreciation<\/strong>&nbsp;ranking in the top 20% of the market (&gt; 80th percentile).<\/p>\n\n\n\n<p><strong>Three-Month Cumulative Revenue Growth in Top 40%<\/strong><\/p>\n\n\n\n<p>To address the lagging nature of traditional annual revenue growth indicators in capturing current-quarter trends, we incorporate&nbsp;<strong>three-month cumulative revenue growth<\/strong>&nbsp;as an additional screening factor. Firms must rank within the&nbsp;<strong>top 40% of the market (&gt; 60th percentile)<\/strong>&nbsp;on this measure.<\/p>\n\n\n\n<p>In practice, stocks that pass all the screening conditions are selected into the portfolio and purchased on an&nbsp;<strong>equal-weighted basis<\/strong>, then held until the next rebalancing date. The rebalancing frequency is set to&nbsp;<strong>every 21 trading days<\/strong>, at which point the portfolio is refreshed based on the updated screening results.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Performance_Charts_Analysis\"><\/span>Performance Charts &amp; Analysis<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"400\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\/\u622a\u5716-2025-06-17-\u4e0b\u53482.08.46-1024x400.png\" alt=\"\u8cc8\u5e03\u5229\u2027\u74e6\u68ee\" class=\"wp-image-37678\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.08.46-1024x400.png 1024w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.08.46-300x117.png 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.08.46-150x59.png 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.08.46-768x300.png 768w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.08.46.png 1204w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full caption-align-center\"><img decoding=\"async\" width=\"1324\" height=\"816\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.10.09.png\" alt=\"\u8cc8\u5e03\u5229\u2027\u74e6\u68ee\" class=\"wp-image-37680\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.10.09.png 1324w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.10.09-300x185.png 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.10.09-1024x631.png 1024w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.10.09-150x92.png 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.10.09-768x473.png 768w\" sizes=\"(max-width: 1324px) 100vw, 1324px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full caption-align-center\"><img loading=\"lazy\" decoding=\"async\" width=\"1274\" height=\"372\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.10.43.png\" alt=\"\u8cc8\u5e03\u5229\u2027\u74e6\u68ee\" class=\"wp-image-37682\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.10.43.png 1274w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.10.43-300x88.png 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.10.43-1024x299.png 1024w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.10.43-150x44.png 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.10.43-768x224.png 768w\" sizes=\"(max-width: 1274px) 100vw, 1274px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full caption-align-center\"><img loading=\"lazy\" decoding=\"async\" width=\"1278\" height=\"660\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.11.20.png\" alt=\"\u8cc8\u5e03\u5229\u2027\u74e6\u68ee\" class=\"wp-image-37684\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.11.20.png 1278w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.11.20-300x155.png 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.11.20-1024x529.png 1024w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.11.20-150x77.png 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.11.20-768x397.png 768w\" sizes=\"(max-width: 1278px) 100vw, 1278px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full caption-align-center\"><img loading=\"lazy\" decoding=\"async\" width=\"1262\" height=\"390\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.11.55.png\" alt=\"\u8cc8\u5e03\u5229\u2027\u74e6\u68ee\" class=\"wp-image-37686\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.11.55.png 1262w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.11.55-300x93.png 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.11.55-1024x316.png 1024w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.11.55-150x46.png 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/\u622a\u5716-2025-06-17-\u4e0b\u53482.11.55-768x237.png 768w\" sizes=\"(max-width: 1262px) 100vw, 1262px\" \/><\/figure>\n\n\n\n<p>From the cumulative return chart spanning&nbsp;<strong>2017 to 2025<\/strong>, the strategy consistently outperforms the benchmark index during most periods. In particular, between&nbsp;<strong>2020 and 2024<\/strong>, the strategy demonstrates a strong upward trend, ultimately achieving a cumulative return of&nbsp;<strong>508.783%<\/strong>, significantly higher than the benchmark\u2019s&nbsp;<strong>194.032%<\/strong>&nbsp;over the same horizon.<\/p>\n\n\n\n<p>However, portfolio management and position control remain areas for improvement under extreme market conditions. For example, during the&nbsp;<strong>bear market in 2025<\/strong>, the lack of an effective stop-loss mechanism led to substantial drawdowns, with the strategy giving back a considerable portion of its prior gains amid heightened volatility.<\/p>\n\n\n\n<p>This analysis is shared as a reference for interested investors. We will continue introducing how to construct and backtest various indicators using the&nbsp;<strong>TEJ database<\/strong>, and showcase their performance through the&nbsp;<strong>TQuant Lab<\/strong>&nbsp;platform. Readers who are interested in systematic backtesting and strategy design are encouraged to explore the solutions offered, leveraging high-quality databases to develop customized trading strategies.<\/p>\n\n\n\n<p><em>Disclaimer: This analysis is for informational purposes only and does not constitute investment advice or recommendations for any financial products.<\/em><\/p>\n\n\n\n<div style=\"border: 1px black; border-style: solid none; text-align: center; border-color: #296580; padding: 24px; margin-top: 24px; margin-bottom: 24px;\">\n<p style=\"margin: 0px; font-size: 24px; font-weight: bold; line-height: 1.5;\">\u3010TQuant Lab Backtesting System\u3011Solving Your Quantitative Finance Pain Points<\/p>\n<div style=\"margin-top: 32px;\"><a style=\"border: none; border-radius: 4px; background-color: #296580; color: white; font-size: 20px; width: fit-content; text-decoration: none; padding: 12px 30px 12px 30px;\" href=\"https:\/\/tquant.tejwin.com\/\" target=\"_blank\" rel=\"noopener\">Register Now \u00a0Start Your Trial<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Further_Reading\"><\/span>Further Reading<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.tejwin.com\/en\/insight\/from-business-cycle-indicators-to-asset-rotation-a-quantitative-strategy-to-avoid-bear-markets\/\">From Business Cycle Indicators to Asset Rotation: A Quantitative Strategy to Avoid Bear Markets<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.tejwin.com\/en\/insight\/michael-murphys-risk-assessment-rules-for-investing-in-high-tech-stocks\/\">Michael Murphy\u2019s Risk Assessment Rules for Investing in High-Tech Stocks<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.tejwin.com\/en\/insight\/charles-brandes-value-investing-principles-building-a-portfolio-with-a-margin-of-safety-nemo\/\">Charles Brandes\u2019 Value Investing Principles : Building a Portfolio with a Margin of Safety<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Related_Links\"><\/span>Related Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/github.com\/tejtw\/TQuant-Lab\" target=\"_blank\" rel=\"noreferrer noopener\">TQuant Lab GitHub<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/tquant.tejwin.com\" target=\"_blank\" rel=\"noreferrer noopener\">TQuant Web<\/a><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gabriel Watson \u00a0is a well-known American growth-momentum portfolio manager. In his early career, he worked at Morgan Stanley Investment Management and William O\u2019Neil &#038; Co., where he accumulated extensive market research experience. Since joining Black Rose Capital Management in 1998, Watson has broken away from the confines of traditional value investing and developed a systematic, rule-based stock-picking method centered on\u00a0\u201crevenue momentum and price strength.\u201d\u00a0He calls this framework\u00a0\u201cThe Machine.\u201d\u00a0In an environment characterized by rapid information flow and swift capital rotation, this approach has enabled him to capture the powerful upward moves of leading stocks.<\/p>\n","protected":false},"featured_media":37673,"template":"","tags":[2962,3176,2988,3007,2537],"insight-category":[3509,1356],"class_list":["post-38028","insight","type-insight","status-publish","has-post-thumbnail","hentry","tag-market-data","tag-python-2","tag-quantitative-analysis","tag-tejapi-data-analysis","tag-2537","insight-category-fintech-en","insight-category-tquant-lab-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight\/38028","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":10,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight\/38028\/revisions"}],"predecessor-version":[{"id":40086,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight\/38028\/revisions\/40086"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/media\/37673"}],"wp:attachment":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/media?parent=38028"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/tags?post=38028"},{"taxonomy":"insight-category","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight-category?post=38028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}