SmartSkor is a research-driven score that we publish once a day for every stock traded on BIST. It summarizes a stock's expected one-month-forward return in a single number from 1 to 10, computed from end-of-day market data and various signals drawn from the academic literature.

Stocks trading below their intrinsic value receive high SmartSkor scores, and the goal is for investors to build a portfolio of high-SmartSkor stocks and profit over the long term. Stocks priced above their intrinsic value receive low SmartSkor scores, and investors are guided away from them.

A high score means the stock is more attractive along the dimensions our model measures.

The score combines dozens of characteristics organized under six categories. A separate score is also computed for each category, so you can evaluate a stock along different dimensions:

Profitability

How efficiently does this company produce profit from its core operations? High score: high and sustainable profitability — the company generates strong returns on its capital. Low score: weak or volatile profitability — operational efficiency is low, and there is a risk of capital being wasted.

Value

How cheap is this company's market price relative to its fundamentals — book value, earnings, and cash flows? High score: cheap relative to fundamentals, potentially an opportunity. Low score: expensive relative to fundamentals.

Investment Discipline

How disciplined is this company in deploying its capital? High score: measured and disciplined investment — the company's asset base is growing under control, and capital is being used efficiently. Low score: aggressive capital expenditure, rapid asset growth, or heavy acquisitions — on average, such companies' future returns tend to disappoint.

Momentum

How strongly has this stock performed relative to the market in recent months? High score: the stock is outperforming the market — academic research shows that stocks outperforming the market over the last 6–12 months tend to continue this trend. Low score: the stock is underperforming the market, with momentum against it — this trend tends to persist for some time.

Fundamental Momentum

In which direction are the company's most recent quarterly balance-sheet metrics — profitability, growth, margins, efficiency — accelerating? High score: the company's fundamentals are strengthening, with a sustainable improving trend across key indicators. Low score: the fundamentals are weakening — these shifts in the balance sheet usually show up in the stock price with a delay.

Healthy Attention

How healthy is the market's attention on this stock? High score: attention is grounded in fundamentals, not speculative — the price is not inflated. Low score: the stock is speculative or in excessive attention — fashion, narrative, or crowd dynamics may have pushed the price ahead of its fundamentals.

It is a single-stage calculation. The dozens of characteristics are normalized together in a single pool, combined with equal weight, and stocks are then ranked by this composite into 10 equal groups — the top 10% receives 10, the bottom 10% receives 1.

The six category scores you see on the page are computed separately and shown as components, but they are display-only; they are not inputs to SmartSkor. For this reason, the average of the six category scores is not necessarily equal to SmartSkor.

Complex weighting schemes that overfit to historical data tend to fail in the real world. Simplicity here is not a constraint — it's a principle. Every characteristic carries equal weight; we don't do data mining.

Once each trading day. The data flow runs after BIST closes and the day's file has been processed. By the following morning, the previous day's SmartSkor is live in the app. The parameters that form the score update at different frequencies — some change with daily market data, others as companies publish their quarterly financials.

No. SmartSkor is a numerical ranking, not investment advice. A score of 9 means the stock is attractive along the dimensions our model measures; it carries no view about your portfolio, your risk tolerance, or your investment horizon. Treat it as an input alongside your own analysis.

For investors using a model portfolio, a monthly check is enough. For investors who build their own portfolio, reviewing scores weekly is ideal. Daily monitoring makes sense only when you intend to act on score changes. Frequent trading brings both transaction costs and behavioral-error risk.