A little while ago I was playing around looking at the returns on the components of the S&P/ASX 200 in order to get a sense of what the distribution of returns for the year to date were starting to looked like. One of the reasons for doing this is that markets seems to be in the doldrums when we look at it from the perspective of what the index is doing and also public interest. Public interest is firmly rooted in the bubble that is real estate and think that this is the only game in town much to the detriment of the overall economy.
What surprised me is the number of stocks that beat the index for the year to date and the number that have had stonkingly large moves. One of the problems of looking at something everyday is that you dont tend to notice this sort of data in much the same way you dont see your parents getting old. You see them constantly as a child so you dont notice the incremental change over time. The same is true of markets unless you take a step back you dont actually see what is going on.
The table below contains all those stocks that have beaten the index to date and I have highlighted the number that have had triple digits returns.