Backtest the performance of the UM Super Combo ranking system over MAX time period using three Universes: S&P 500, Russell 3000, and ALL FUNDAMENTALS. Use the following parameters: All Sectors, Minimum Price=3$, rebalancing every 4 weeks, 10 buckets.

Copy paste the bar graphs with annualized returns.

Explain as well as you can the calculations P123 does to generate the graphs above.

In which of the Universes does the UM Super Combo ranking system "work" best? TO measure how well it works, consider the spread between the extreme buckets, and the smoothness (monotonicity) across buckets.

Can you rationalize the results in c?