In simple terms, "backtest" refers to testing or evaluating something, such as a strategy or a model, using historical data. It helps to assess the effectiveness or performance of the tested item based on how it would have worked in the past.
What minimum market capitalization do you prefer for backtests on Fat Pitch Financials? (fatpitchfinancials.com)
Finally, for those of you interested in backtested results, below are the results of this screen, re-balanced every three months beginning on 1/2/1999. (scottsinvestments.com)