Is Zelman & Assoc a reliable analyst?

In short — Over 1 year, 42.9% of Zelman & Assoc's targets proved profitable, for an average gain of -0.9% per call (all calls, winners and losers) — i.e. -12.6% vs its sector, across 7 timestamped calls replayed against real prices. JPI verdict: not very reliable on average. An analyst can be good in one sector and poor in another — details below.

42.9%profitable calls

-0.9%avg gain / call

-12.6%vs sector

7scored calls

% profitable = share of its calls that made money (1 year). Avg gain / call = average absolute gain per call (winners and losers). Point-in-time, S&P 500 backtest.