Value vs Momentum (Sahil Rohmehtra)
Sahil Rohmehtra
Analysed 01 Jul 2026, 11:31 PM IST
Claims it makes (quotes pulled from the transcript)
- “Trade in the direction of an established trend (20MA>50MA, both rising). Momentum = shallow pullback that holds above the 20MA; Value = deep pullback to the 50MA. Pick whichever, buy the dip.”
Verdict
The first strategy that's positive in aggregate (+0.06R large, +0.42R… sorry +0.16R small per trade), because it's genuine trend-following — the one thing that works. And 'value vs momentum' turns out to be a wash: both make money, neither dominates.
How we tested it
Mechanized both entries with an identical trend filter and exit, 159 large/mid + 138 small-caps, 8 years, 0.25% cost. Year-by-year regime analysis on small-caps.
The catch: it's bull-market beta in disguise. The entire edge lives in 2020, 2021 and 2023; 2024, 2025 and 2026 are all negative. A per-stock trend filter isn't enough — you need a market-breadth regime gate, which the strategy lacks. The 'value' deep-pullback entry is a useful, reusable trigger though.
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