Cash-flow index research
Review the historical performance of cash-flow style indices and local replicas, separating price and total-return bases and recording unresolved checks.
Current conclusion
Replication under reviewPast cash-flow index results can be studied, but a real stock portfolio that follows those rules has not yet been fully rebuilt and checked. Price-only returns and returns including dividends answer different questions.
Evidence boundary · Vendor index results and local replicas are shown separately. Historical performance is not a forecast or an account-level result.
— — —Returns and dividends
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Drawdowns and recovery
Recovery means returning to a prior investment high. Completed and ongoing declines are reported separately; an ongoing interval is a lower bound (right-censored).
Index replication and tradability
Rule reproduction, shadow portfolios and evidence history →
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Sources, dates, and research progress
Can the long-run returns and drawdowns of cash-flow measures and related indices be reproduced on a common basis?
Replication under review
Check index rules, constituent timing, and price versus total-return definitions.