Volume & money flow · daily rule · Financials
Money Flow Index on Brookfield Asset Management
BAM with the play, last two years
Shading shows the play's call from the close that triggered it.
Money Flow Index (14)
Dashed lines at 20, 80.
Growth of C$10,000 since 2022
Log scale. After trading costs, with T-bill interest while out.
The record
The play against buying and holding BAM over exactly the same dates, after costs.
| Play, since 2022 | Hold, since 2022 | Play, 5 yrs | Hold, 5 yrs | |
|---|---|---|---|---|
| Annual return | +15.1% | +19.1% | +15.1% | +19.1% |
| Total return | +70% | +93% | +70% | +93% |
| Worst drawdown | −22.0% | −30.8% | −22.0% | −30.8% |
| Volatility | 21.4% | 28.4% | 21.4% | 28.4% |
| Sharpe ratio | 0.56 | 0.60 | 0.56 | 0.60 |
| Time invested | 54% | 100% | ||
| Switches per year | 2.6 | 0 |
Every call, graded
Right on 5 of 10 closed calls (50%). In calls averaged +10.4%; out calls saw BAM move +4.7% on average.
| Called | Call | Price | Until | BAM moved | Result |
|---|---|---|---|---|---|
| Jun 2, 2026 | OUT | C$65.48 | now | −1.7% | open |
| Jan 5, 2026 | IN | C$73.12 | Jun 2, 2026 | −10.4% | ✕ wrong |
| Jul 29, 2025 | OUT | C$82.61 | Jan 5, 2026 | −11.5% | ✓ right |
| Jun 18, 2025 | IN | C$71.52 | Jul 29, 2025 | +15.5% | ✓ right |
| Apr 30, 2025 | OUT | C$69.70 | Jun 18, 2025 | +2.6% | ✕ wrong |
| Mar 17, 2025 | IN | C$64.87 | Apr 30, 2025 | +7.4% | ✓ right |
| Sep 20, 2024 | OUT | C$59.31 | Mar 17, 2025 | +9.4% | ✕ wrong |
| Mar 28, 2024 | IN | C$52.15 | Sep 20, 2024 | +13.7% | ✓ right |
| Dec 4, 2023 | OUT | C$43.59 | Mar 28, 2024 | +19.6% | ✕ wrong |
| Dec 29, 2022 | IN | C$34.64 | Dec 4, 2023 | +25.9% | ✓ right |
| Dec 22, 2022 | OUT | C$33.45 | Dec 29, 2022 | +3.6% | ✕ wrong |
An in call is right when the price rose before the next call; an out call is right when it fell. The latest 11 of 11 calls shown.
How the play works
- In when the 14-day MFI crosses up through 20.
- Out when it crosses down through 80.
The creators also stress divergences, which this rule ignores.
The case against
Valeriy Zakamulin tested moving-average timing on up to 155 years of U.S. stock data and found no statistically significant edge in the second half of that record. The rules earned their keep in a few severe bear markets and lagged buy and hold for long stretches in between.