Bespoke has this chart showing the average decline from 52 week highs by stocks in different market cap groups. They also show average declines by stock sector in another chart. Here is one part of the commentary:
While the S&P 500 is less than 12% off of its intraday high from October, individual stocks are faring far worse. As the chart to the right indicates, the average stock in the S&P 1500 is now over 30% off of its 52-week high. Grouping stocks by their market cap shows that while large caps have been holding up better than average, small caps have been decimated.
3 comments:
This is an interesting chart. I've been hearing recently that small-caps are a good long for exposure to fed rate decreases. It seems that some of the analysts I've been reading forget to mention that given this enhanced sensitivity to rates, they're also going to be hurt the worst in a credit crunch. Also not a place for a general flight to quality (equities or otherwise).
good point
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