Small factoid related to this: How these funds subsequently performed depended a lot on how they did in run-up to their big year. If they had suffered losses before the 100%+ year, the avg subsequent 3-yr rtn was -11%. If they’d gained before it, avg subsequent 3-yr rtn was -52%.https://twitter.com/syouth1/status/1345383123702472709 …
To do this analysis properly you need to average over all funds with 100%+ returns in each calendar year, and then average the years. If you can’t find enough years with 100%+ returns, maybe consider that you shouldn’t be doing it at all.
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I averaged them as you describe. I also distinguished between 99 and the other years (03, 09, 16, 20). But the overall averages reflect all 100%+ gainers over past 30 years.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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