Arana Systematic Equity Research

QSCW Balanced

Quant Small Cap Winners
Standardized Biweekly Systematic U.S. Small-Cap Research Publication

QSCW Balanced Research Letter publishes a standardized 15-name U.S. small-cap model output every two weeks, together with model changes, methodology notes, and historical simulation context for independent research review.

The publication is impersonal, standardized, and not tailored to any reader, account, mandate, or portfolio. It does not provide account-specific sizing, portfolio review, trade execution instructions, or implementation guidance.

Publication Cadence Biweekly standardized issues
Equity Research Output 15 equity names shown on model basis
Customization None same publication for all readers
Sample Sequence 3 issues available for review
Impersonal research publication · no personalized advice · no account-specific sizing · no implementation guidance
Research Snapshot

What it is — in a few minutes

Not a public fund pitch. Not personalized advice. A standardized systematic research publication for independent review.

QSCW Balanced is delivered as a standardized research letter rather than as an advisory service or model-portfolio implementation program. Each issue presents the same standardized research output to all readers, including the current model state, changes since the prior issue, and process-level context.

The landing answers the fast questions: what the publication is, what readers receive, and which document should be read next. The backtest-focused Research Overview and the detailed methodology companion sit separately on purpose.

Structured universe

Filtered U.S.-listed small-cap equities only, with liquidity, reporting-quality, and business-quality controls applied before ranking begins.

Defensive bias

Five defensive RBICS sectors, a permanent 25% defensive allocation, and a capital-preservation orientation throughout the process.

Research delivery

Delivered as a standardized biweekly research publication for independent review. It is not customized for any reader, account, mandate, or portfolio.

Structure
75% equity research model framework + 25% defensive allocation framework
Universe
~400–800 U.S.-listed common stocks after full filtering
Sectors
Five defensive RBICS sectors; cyclicals excluded
Model
15-name research output, shown on an equal-weight model basis
Rebalance
Biweekly publication cadence; rules-based model update
Simulation
Portfolio123

Historical Performance Context

Selected hypothetical backtest* metrics are shown for initial review. Full calendar-year results, stress-period outcomes, and formal disclaimers are provided in the Research Overview.

25Y CAGR25.4%Backtested annualized return
25Y Max Drawdown−16.9%vs −59.1% R2000
25Y Sharpe Ratio1.58Sortino: 2.26
25Y Negative Years1 / 25vs 7 / 25 R2000

Selected reference points are shown here for first-pass research screening only. Results are hypothetical, unaudited, and do not represent live trading, client performance, or future results. Russell 2000 figures are presented for context only, not as a formal benchmark claim.

  • 25Y Russell 2000 CAGR8.6%
  • 25Y Russell 2000 Max Drawdown−59.1%
  • 25Y Backtest beta vs Russell 20000.48

Selected stress-period outcomes from the teaser:

+0.6%2002 · Dot-com bust
+8.3%2008 · Financial crisis
+18.72%2018 · Q4 sell-off
−0.2%2022 · Rate shock

Selected stress periods are shown to illustrate model behavior during several major market disruptions. They do not represent the full range of possible outcomes. The complete calendar-year record is shown in the Research Overview.

Any publication access fee would reduce returns if treated as an implementation cost. Implementation costs for any reader who independently uses or replicates the model output may differ materially and are solely the reader's responsibility.

Research Materials

Research Materials

Core documents for reviewing the publication framework, historical simulation, methodology, and sample issue format.

Download PDF

Research Overview

The concise overview document. Use this for the backtest record, research publication framework, selected stress periods, and formal disclaimers.

  • Backtest metrics and selected comparisons
  • Research publication framework and defensive allocation context
  • Document-style presentation for review
Methodology companion · read online

Extended Methodology Overview

The technical companion page. Open this only if you want universe design, sector architecture, factor families, sell discipline, equity-model volatility exit rule, and execution assumptions.

  • Focused on how the process works
  • Built for deeper due diligence
  • Shares the same site structure and styling
Sample issue · read online

Sample Issue

A retrospective sample showing the exact format of a standardized biweekly QSCW publication: model output table, changes log, sector mix, and publication-level notes.

  • Shows the publication format before sample access
  • Uses a historical February 2, 2026 model snapshot
  • Not current model output or a recommendation
No-Cost 3-Issue Sample Sequence

No-Cost 3-Issue Sample Sequence

Three standardized biweekly issues are available for evaluation of the publication format, cadence, model output structure, and supporting documentation.

QSCW Balanced may be made available through a no-cost 3-issue sample sequence. Sample readers receive the same standardized biweekly research publication over approximately six weeks, together with the research overview and methodology materials. The purpose is to let readers evaluate the publication, cadence, documentation, and methodology before any paid access is considered.

After the sample sequence, ongoing quarterly publication access is provided under the same standard terms and publication schedule for all subscribers. The research is impersonal in nature and is not intended to provide personalized investment advice, suitability analysis, account-specific sizing, mandate-specific guidance, implementation guidance, or portfolio-specific recommendations.

Format
No-cost 3-issue sample sequence
Delivery
Three standardized biweekly research issues
Timing
Approximately six weeks
After Sample
Quarterly publication access under standard terms
About

About the Researcher

Mr. Arana is a seasoned investment professional with more than 20 years of experience across investment management, portfolio construction, monitoring, market analysis, and investment decision support, together with 10 years focused on systematic equity research.

His background combines fundamental and technical analysis, portfolio construction discipline, and a process-driven approach to risk control and systematic research.

He is also the author of Quantitative Investing Made Easy, a practical introductory ebook on quantitative investing.

NameRicardo Arana
Experience20+ years investment management
Research Focus10 years systematic equity research
FAQ

Short answers to the common questions

Is this an advisory service or a research product?
It is an impersonal research publication. QSCW Balanced is distributed as a standardized biweekly research update and is meant to be evaluated as research input — not as advisory marketing, personalized investment advice, or a recommendation for any specific reader, account, mandate, or portfolio.
Is pricing public on the website?
No. Public materials focus on the publication, historical simulation context, and documentation. The initial 3-issue sample sequence is no-cost. Quarterly publication access is offered at a uniform fixed rate under the same standard terms and publication schedule for all subscribers.
What does the 3-issue sample sequence include?
It includes three standardized biweekly research issues over approximately six weeks, together with the Research Overview and methodology materials. It is intended for evaluation of the publication only, not for personalized investment advice, implementation guidance, or account-specific recommendations.
Is the record live or backtested?
The public performance record is a hypothetical backtest simulation covering March 2001 to March 2026. It is not an audited live track record and does not represent the performance of any client account.
Who is this intended for?
Readers evaluating whether the standardized research output and methodology are worth further internal review. The public materials are impersonal and informational; any analysis or use of the information remains the reader's responsibility.
Contact

Get in touch

For a 3-issue sample sequence, documentation review, or methodology questions, email directly.

Research ProviderArana Systematic Equity Research
ContactRicardo Arana, EFA (European Financial Advisor)