Economy & PolicyExtended setInvalidNew
Sipri Defense Spending
Updated annualData needs: lowlong only
paper
2016
Source
Apergis, N., Apergis, E. (2016). "The 11/13 Paris Terrorist Attacks and Stock Prices." Finance Research Letters, 17, 186-192. Also Aizenman-Glick 2006 JITED.
Read the paper →
In plain terms
Rising NATO/global defense spend → long US primes.
How it works
Top-quintile global YoY defense-spend growth → US primes outperform 90-180d.
Live results
0 times picked on its own · 3 times inside a blend (3 beat the stock) · updated 2026-07-06This strategy is a frequent ingredient in blends that combine a few strategies on one stock. It has contributed to 3 such blended picks (3 of which beat simply holding the stock). Picking it on its own is only one of the ways it shows up.
How its picks scored vs. buy & hold
Each pick is graded on a recent year it was never tuned on, against simply owning the same stock
Where its edge concentrates
Share of picks in each company-size group that beat buy & hold
How often it trades
Active vs. patient. Bars on the left mean it waits for rare setups; bars on the right mean it trades often
Return vs. buy & hold
How much each pick beat or trailed simply owning the stock over the test year (extreme microcap moves trimmed)
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Data dependencies
- Daily prices
Adjusted-close OHLCV for every US-listed ticker; primary price feed.
- Sipri milex
A data feed this strategy reads, refreshed on its normal schedule.
Expected edge
- Reported return
- 50 bps/mo
- Tested over
- T+0 to T+180d
50 bps/month excess over 6-12mo.
Example tickers where this is likely to fire
Illustrative only, the signal fires based on the live data, not a fixed list.
Related families
Explore Sipri Defense Spending on alphactor.ai
See which tickers this family is currently firing on, with live signals and rankings.