Below, we offer tables that show the best predictors of year gains for each year from 1985 to 2007.  Risk-adjusted versions of the tables are available here.

Briefly, we'll summarize the significant moves in each year for those not inclined to pour over the tables.  We've included the performance of a couple of popular indices in the summary:  bear in mind that both indices give more weight to large caps, whereas we don't weight stocks in our analysis.  Also, of course, the ever-popular Dow Jones index covers a mere 30 stocks, meaning it's hardly representative of the larger market.

As an aside, it's interesting to note the effect of weighting indices, which is done with every major index we're aware of.  The Russell Midcap indices give more weight to "big" midcaps than "small" midcaps.  Weighting stocks makes sense from the point of view of ascertaining the general health of the economy and the status of the "average" portfolio of stocks, but if we wish to treat one stock as equal to the next for the sake of discerning discrepancies between groups, weighting fails.  Thus you might see some surprising differences between the annual gains in the tables below and the gains in popular indices.

2007:  (Russell 3000 +3%, Dow + 6%)  The market was led by metal and mining stocks...up 19.5%, far ahead of the second-place group.  These gains were particularly strong after risk-adjustment.  Utilities fared well.  Stocks in the "electronic instruments" category outperformed.  Stocks with a three year history (2004-2006) of gains continued to move upwards. 

On the negative side, it's no surprise that banks were weakest...down 29.7%.  REIT's floundered.  Given the losses in these groups, dividend-paying stocks in general were weak.  Non-volatile stocks underperformed the general market.  Stocks that had taken a hit in the previous 3 years continued to do so.

2006 (Russell 3000 +13%, Dow +16%)  Probably the most themeless, meandering market year in memory.  About the best strategy was to buy stocks that are held by large numbers of institutions relative to the stocks' market caps...up 33%.  Stocks of particularly low capitalization fared well.  Stocks with large book values or cash per share figures tended to outperform the indices.  No industry groups were found in our top ten lists, though REIT's managed decent gains after risk-adjustment.

We didn't identify any groups of stocks that actually lost value.  Buying stocks that were particularly volatile toward the end of 2005 proved to be a weak strategy.  Stocks that lost large sums on the final trading session of 2005 were weak over the course of 2006...up as little as 7%.  Free agents were weak.  Biotechs did not impress.  Stocks with big 2005 gains underperformed.

2005 (Russell 3000 +4%, Dow -1%)  As with last year, oils topped all other groups of stocks.  The gains were a bit more modest this time...+29% for the year.  Stocks that trade as "free agents" (with little correlation to the motions of other stocks) were strong, as is often the case...this group did not included oils to any large extent.  Stocks that strongly outperformed their best "trading partners" in December were strong. 

On the weak side, stocks with low institutional holdings lost 4%.  Semiconductors finished the year with a loss, despite a nice 4th quarter comeback.  December losers continued to lose.  After risk-adjustment, non-volatiles underperformed.   Banking stocks were generally weak.

2004 (Russell 3000 +10%, Dow +3%)  The story of the year was oils, spurred on by turmoil in the Mideast, market forces, and the possible realization that supply will indeed peak before much longer.  The group gained 39%...going with volatile oils would have produced even higher gains.  Not far behind was metals and mining, with 36% gains.  Stocks that were rather weak in December 2003 fared nicely...note that this grouping does not include oils, which performed well in that period.  On the weak side, semiconductors lost 18%.  Volatiles, stocks with big gains in 2003, and software were also weak.  

Cheap stocks, a group we always pay attention to for nice yearly gains, gained 12%...nothing spectacular.

2003:  (Russell 3000 +29%, Dow +25%)  Again, the strategy of simply buying and holding cheaply priced stocks produced outrageous gains.  Buying a basket of the cheapest 4% of stocks resulted in a tripling of average price.  Not surprisingly in a positive year like this, volatile stocks fared quite well, and non-volatiles poorly.  Late December losers in 2002 fared well.  On a risk-adjusted basis, cheap stocks again fared well, followed by stocks of low marketcap, high "inertia", and poor performance over the last three years.

2002:  (Russell 3000 -23%, Dow -7%)  A very strong year for metals and mining.  Combine those stocks with a relatively high volatility, and you'd walk away from the year with gains of around 60%.  As has been the case for most of the last ten years, cheap stocks and small caps performed well.  Unlike previous years, however, it would have been best to combine those stocks with nice yearlong percentage gains going into the new year.  Chip and software stocks lost major money.

2001:  (Russell 3000 -13%, Dow -6%)  Many indices lost money this year, but the prevalence of small caps in our unweighted universe of stocks meant that our summary shows a gain.  The statistical significance of simply buying and holding cheap stocks for gains was off the charts this year.  Combining small-cap stocks with high volatility meant gains in excess of 300% (don't believe it?...check out the performances of rsto, mims, gisx, cmls, and driv) despite the general losses.  Combining large-caps with high volatility meant precisely the opposite, as with 2000..  Stocks going into the year with large gains lost, and those with losses gained.

2000:  (Russell 3000 -9%, Dow 25%)  A strong year for oil stocks and a loser for "tech" stocks.  Biotechs fared quite well, however.  Stocks that made nice moves in December 1999 fared poorly.

1999:  (Russell 3000 19%, Dow 16%)  Combining a tech stock with a price well below its most prevalent resistance level resulted in gains above 500% (check out the charts of qcom, sili, ltxx, xico, and beas).  Cheap stocks performed well.  On the losing side, no strategies of major significance surfaced...the best would have simply to avoid non-volatile positions in this period.  Finance-related stocks underperformed.

1998:  (Russell 3000 22%, Dow 22%)  Again, cheap stocks performed well.  Yearlong losers outperformed.  Networking and broadcasting stocks were also winners.  Oils were weak.

1997:  (Russell 3000 30%, Dow 26%)  A strong year for banks and insurance stocks, a weak one for semiconductors.  Volatile stocks in general lost money, though the indices were positive for the year.

1996:  (Russell 3000 19%, Dow 33%)  A strong year for oils, a weak one for utilities.  Cheap stocks were strong.  On the short side, no yearlong strategies of major significance were available.

1995:  (Russell 3000 33%, Dow 2%)  Stocks that lost money in late December 1994 performed very strongly for 1995, with good statistical significance.  The best strategy, however, would simply have been to buy cheap stocks.  Biotechs were strong, retail and mining stocks were weak.

1994:  (Russell 3000 -3%, Dow 14%)  A strong year for "tech" stocks, a weak one for biotech, highlighting a "give and take" relationship between the two groups that seems evident on yearlong scales, as well as shorter-term scales.  Cheap stocks performed well and expensive stocks poorly.

 

Date(ymd): 061229 Average Gain: -6.84 Group Stdev: 5.38 Revised h/l prob: 0.71, 0.0 Market Focus: 1.7+1.5 (0.0108, 0.0540) Market Focus5: -0.3+0.4 Data for 2007

Top Gaining Groups 19.42 industry 1.20 to 10.38 (1) 11.29 vslice3 0.08 to 0.11 (24) 9.63 industry 17.06 to 19.27 (3) 8.71 industry 65.53 to 67.46 (13) 8.69 vstock_ind -1.80 to -1.65 (13) 8.68 BookValue/Pric 0.16 to 0.19 (8) 7.88 Dividend 0.00 to 0.00 (10) 7.11 Shorts 1.95 to 2.28 (8) 6.93 BookValue/Pric -0.02 to 0.07 (5) 6.92 stdev 0.02 to 0.02 (22)

Losing Groups -29.69 industry 91.68 to 94.06 (23) -26.09 industry 91.17 to 91.68 (22) -24.39 BookValue/Pric 0.95 to 5.23 (25) -24.22 industry 94.06 to 94.78 (24) -23.83 resist3 -0.24 to -0.14 (2) -23.71 PE_ratio -4010.81 to 9.03 (1) -23.58 CashPerShare/P -0.90 to -0.07 (1) -23.31 PE_ratio 12.29 to 14.29 (3) -22.53 prd_3yrs 0.28 to 0.42 (3) -22.44 close-low 1.45 to 1.86 (23)

Date(ymd): 061229 Average Gain: -6.84 Group Stdev: 3.88 Market Focus: 2.3+2.3 (0.00218, 0.0006) Market Focus5: 0.2+0.4 Data for 2007

Top Gaining Groups 11.80 industry 1.20 to 18.25 (1) 6.88 BookValue/Pric 0.07 to 0.18 (3) 5.04 industry 61.62 to 66.44 (5) 4.27 CurrentRatio 2.19 to 2.84 (7) 3.72 prd_3yrs 1.60 to 1.95 (10) 3.43 vslice97 0.10 to 0.17 (9) 3.15 high_moment -0.02 to -0.01 (3) 3.05 vslice3 0.07 to 0.36 (10) 2.86 PE_ratio 58.71 to 9761.90 (7) 2.51 industry 66.44 to 72.67 (6)

Losing Groups -24.50 industry 88.69 to 92.31 (9) -22.20 industry 92.31 to 101.99 (10) -20.24 BookValue/Pric 0.70 to 5.23 (10) -17.67 mov_ave20 0.01 to 0.02 (8) -17.18 NumInstitution -0.05 to 0.00 (1) -17.09 vslice3 -0.44 to -0.18 (1) -16.89 ProfitMargin 22.47 to 465.93 (10) -16.78 PE_ratio -4010.81 to 13.36 (1) -16.27 CurrentRatio -1.00 to -1.00 (1) -15.80 Dividend 1.27 to 29.00 (10)

Date(ymd): 051230 Average Gain: 13.66 Group Stdev: 4.08 Revised h/l prob: 1.42, 19.63 Market Focus: 1.2+0.1 (0.2578, 39.31) Market Focus5: -0.1+-0.4 Data for 2006

Top Gaining Groups 32.79 NumInstitution 33.14 to 109.48 (25) 29.54 ProfitMargin 0.00 to 1.15 (7) 29.07 vstock_ind -0.30 to 0.46 (23) 27.94 markcap_est 5.85 to 35.15 (1) 27.29 vtotal -0.15 to 0.25 (20) 26.85 vtotal -0.49 to -0.15 (19) 26.50 high_moment 0.03 to 0.05 (24) 26.05 BookValue/Pric 0.83 to 1.04 (24) 25.73 CashPerShare/P 0.35 to 0.49 (24) 25.54 Dividend 0.00 to 0.00 (12)

Losing Groups 0.67 ptotal -6.09 to -5.78 (4) 0.94 3monthgain -24.43 to -18.35 (2) 2.48 slice3 -0.79 to -0.60 (18) 2.50 BookValue/Pric 0.02 to 0.10 (4) 2.70 BookValue/Pric 0.21 to 0.25 (8) 2.74 volume3_10 0.12 to 0.20 (23) 2.77 industry 61.03 to 61.69 (10) 2.92 pair_dif -0.25 to -0.15 (10) 2.95 resist3 0.35 to 0.53 (24) 3.30 corr 0.27 to 0.30 (2)

Date(ymd): 051230 Average Gain: 13.65 Group Stdev: 2.70 Revised h/l prob: 0.57, 55.04 Market Focus: 1.8+-0.1 (0.00693, 64.06) Market Focus5: 0.6+-0.4 Data for 2006

Top Gaining Groups 25.87 vtotal -0.69 to 0.25 (8) 24.46 NumInstitution 17.79 to 109.48 (10) 23.73 vstock_ind -1.02 to 0.04 (9) 22.67 markcap_est 5.85 to 71.83 (1) 22.65 ProfitMargin -1.00 to 1.62 (3) 22.52 Debt/Equity 1.12 to 2.00 (9) 21.37 Insiders 48.87 to 817.00 (10) 21.37 EPS_percent -49.74 to -14.93 (2) 21.04 Dividend 0.00 to 0.00 (2) 20.65 prd_lastyear -6.91 to -1.44 (5)

Losing Groups 6.75 recent_std 0.02 to 0.14 (10) 6.81 BookValue/Pric -0.02 to 0.14 (2) 6.89 ptotal -6.29 to -5.55 (2) 7.24 gain1 -8.50 to -1.97 (1) 7.32 vtotal -2.21 to -1.46 (6) 7.34 vave 6.91 to 8.29 (9) 7.40 volume1_3 -0.83 to -0.25 (1) 7.65 vstock_ind -1.77 to -1.47 (7) 7.69 QuickRatio 6.00 to 40.00 (10) 7.95 Dividend 0.00 to 0.18 (6)

Date(ymd): 041231 Average Gain: 3.92 Group Stdev: 4.29 Revised h/l prob: 0.0, 17.75 Market Focus: 2.5+0.3 (0.00157, 23.40) Market Focus5: -0.1+-0.1 Data for 2005

Top Gaining Groups 27.69 industry 10.25 to 15.93 (2) 26.55 pair_dif20 16.21 to 21.91 (24) 20.45 recent_price 11.82 to 13.62 (6) 17.10 corr 0.30 to 0.33 (2) 16.76 volume1_3 -0.25 to -0.21 (6) 16.73 vslice3 0.00 to 0.01 (22) 16.56 vstock_ind -2.95 to -2.71 (13) 16.34 big_vslice -20435.22 to -17667.90 (23) 16.20 prd_max -0.11 to -0.06 (8) 15.88 PE_ratio 9993.43 to 9999.79 (25)

Losing Groups -9.21 slice47 3.53 to 17.42 (25) -8.46 stock_ind -0.37 to -0.30 (5) -7.71 CashPerShare/P -0.66 to -0.03 (1) -7.65 resist2 -0.08 to -0.03 (3) -7.59 EPS_percent 0.00 to 1.00 (11) -7.18 EPS_percent -987.00 to -82.67 (1) -7.10 QuickRatio 3.47 to 4.34 (21) -6.61 vstdev 17.28 to 17.48 (7) -6.53 mov_ave100 -0.05 to -0.02 (2) -6.52 BookValue/Pric -5.98 to -0.04 (1)

Date(ymd): 041231 Average Gain: 3.92 Group Stdev: 2.70 Revised h/l prob: 0.0, 15.56 Market Focus: 2.2+0.5 (0.00155, 12.71) Market Focus5: -0.2+0.1 Data for 2005

Top Gaining Groups 17.28 industry 1.55 to 18.27 (1) 14.41 pair_dif20 14.37 to 63.92 (10) 11.52 recent_price 11.82 to 16.38 (3) 10.74 prd_lastyear 35.40 to 55.51 (9) 10.74 yeargain 35.40 to 55.51 (9) 10.70 volume1_3 -0.25 to -0.17 (3) 10.38 vslice3 -0.01 to 0.02 (9) 10.36 volume10_60 -0.77 to -0.45 (1) 10.33 EPS_percent -55.98 to -18.72 (2) 10.20 big_pslice -5064.55 to -2546.48 (1)

Losing Groups -4.30 Institutions -1.00 to 19.98 (1) -3.61 vstdev 17.06 to 17.55 (3) -3.47 resist1 -0.02 to 0.02 (2) -3.44 open_moment 1.18 to 2.04 (9) -3.36 industry 66.84 to 72.80 (6) -3.32 QuickRatio 3.47 to 6.00 (9) -3.01 EPS_percent -1.00 to 0.00 (4) -2.53 ProfitMargin 23.38 to 465.93 (10) -2.25 CurrentRatio -1.00 to 0.00 (1) -2.20 mov_ave20 -0.26 to -0.02 (1)

Date(ymd): 031231 Average Gain: 14.15 Group Stdev: 4.91 Revised h/l prob: 0.58, 0.0 Market Focus: 2.1+4.2 (0.0167, 0.0007) Market Focus5: 0.3+0.4 Data for 2004

Top Gaining Groups 40.03 industry 10.18 to 13.65 (2) 37.59 industry 1.85 to 10.18 (1) 35.86 corr 0.12 to 0.25 (1) 32.10 break_ave 30.67 to 88.74 (25) 31.45 move_ave5 -0.02 to -0.01 (4) 31.18 big_vslice -25842.32 to -23394.11 (3) 29.91 vstock_ind -5.10 to -4.16 (3) 29.81 3monthgain 52.05 to 167.02 (25) 29.17 vskew -61.02 to -35.43 (1) 28.86 vslice97 -0.17 to -0.15 (4)

Losing Groups -18.71 industry 72.00 to 72.93 (15) -0.54 momentum 40.35 to 165.67 (25) -0.46 pair_dif20 -192.34 to -20.68 (1) -0.40 1monthgain -13.74 to -9.67 (2) -0.23 industry 57.26 to 61.26 (9) -0.04 slice47 -0.30 to -0.02 (14) 0.14 mov_ave100 -0.12 to -0.07 (2) 0.35 afterhours_sta 0.32 to 1.05 (25) 0.43 resist1 2.62 to 7.98 (25) 1.07 big_vslice -37514.28 to -25842.32 (2)

Date(ymd): 031231 Average Gain: 14.14 Group Stdev: 3.59 Market Focus: 3.6+2.8 (0.00019, 0.0002) Market Focus5: 0.5+0.5 Data for 2004

Top Gaining Groups 34.84 industry 1.85 to 17.95 (1) 23.92 markcap_est 3.29 to 67.40 (1) 23.81 corr 0.12 to 0.33 (1) 23.72 move_ave5 -0.02 to -0.01 (2) 23.64 break_ave 21.40 to 88.74 (10) 22.92 ptotal -37.48 to -31.24 (1) 22.55 vslice3 -0.91 to -0.12 (1) 22.54 big_vslice -349.29 to 6.04 (10) 22.26 inertia 95.00 to 176.00 (10) 22.21 vslice97 -0.18 to -0.14 (2)

Losing Groups -3.33 industry 66.92 to 72.93 (6) 1.51 1monthgain -41.95 to -8.61 (1) 3.11 pair_dif20 -192.34 to -13.80 (1) 3.68 industry 72.93 to 77.27 (7) 4.77 mov_ave100 -0.54 to -0.05 (1) 4.89 yeargain 149.47 to 920.80 (10) 5.01 afterhours_sta 0.20 to 1.05 (10) 5.26 break_ave -53.93 to -4.92 (1) 5.63 momentum 23.21 to 165.67 (10) 5.75 high_moment 0.06 to 0.31 (10)

Date(ymd): 021231 Average Gain: 61.34 Group Stdev: 23.50 Market Focus: 6.1+0.7 (0.0495, 0.1294) Market Focus5: 3.7+0.5 Data for 2003

Top Gaining Groups 244.11 recent_price 0.73 to 2.30 (1) 239.59 prcvd_risk 17.07 to 154.02 (25) 207.63 markcap_est 1.09 to 13.97 (1) 190.07 corr 0.10 to 0.25 (1) 186.27 prcvd_risk 11.07 to 17.07 (24) 171.36 yeargain -95.37 to -74.65 (1) 170.68 recent_price 2.30 to 3.31 (2) 164.89 prd_3yrs 0.03 to 0.10 (3) 162.02 afterhours_sta -1.34 to -0.40 (1) 160.17 move_ave5 0.05 to 0.21 (25)

Losing Groups 21.35 prcvd_risk 0.03 to 0.20 (1) 22.35 recent_price 49.63 to 205.50 (25) 24.12 recent_std 0.00 to 0.00 (1) 24.40 prcvd_risk 0.20 to 0.26 (2) 24.79 prd_3yrs 1.11 to 1.18 (20) 25.30 stdev 0.01 to 0.01 (2) 26.13 prcvd_risk 0.26 to 0.29 (3) 26.29 recent_price 41.90 to 49.63 (24) 26.38 recent_price 25.50 to 27.91 (19) 26.42 recent_price 27.91 to 30.57 (20)

Date(ymd): 021231 Average Gain: 61.30 Group Stdev: 20.93 Market Focus: 5.5+1.1 (0.00130, 0.0001) Market Focus5: 2.6+0.8 Data for 2003

Top Gaining Groups 195.88 recent_price 0.73 to 3.74 (1) 193.48 prcvd_risk 8.82 to 154.02 (10) 152.71 markcap_est 1.09 to 28.70 (1) 140.27 corr 0.10 to 0.31 (1) 136.12 yeargain -95.37 to -63.43 (1) 130.44 stdev 0.04 to 0.14 (10) 126.55 open_moment -35.03 to -4.13 (1) 125.77 close-low 5.56 to 31.02 (10) 124.98 prd_3yrs 0.07 to 0.22 (2) 122.09 prd_3yrs -1.00 to 0.07 (1)

Losing Groups 23.10 prcvd_risk 0.03 to 0.28 (1) 24.58 recent_price 38.45 to 205.50 (10) 27.14 prcvd_risk 0.28 to 0.38 (2) 27.44 recent_price 24.75 to 30.57 (8) 28.06 recent_std 0.00 to 0.01 (1) 29.20 stdev 0.01 to 0.01 (2) 29.40 stdev 0.00 to 0.01 (1) 30.01 prcvd_risk 0.38 to 0.52 (3) 30.58 prd_3yrs 1.02 to 1.18 (8) 30.94 prd_max 0.82 to 8.12 (10)

Date(ymd): 011231 Average Gain: -12.83 Group Stdev: 6.85 Market Focus: 3.0+2.5 (0.5994, 0.0002) Market Focus5: 0.8+2.0 Data for 2002

Top Gaining Groups 31.22 recent_price 0.61 to 3.69 (1) 28.51 markcap_est 0.84 to 17.24 (1) 22.22 prcvd_risk 7.84 to 53.95 (25) 20.17 prd_max -0.89 to -0.50 (1) 16.17 corr 0.11 to 0.22 (1) 14.54 vskew 10.35 to 40.73 (25) 11.77 industry 47.38 to 51.12 (8) 9.98 gain3 -14.68 to -3.54 (1) 8.35 vstock_ind 0.68 to 1.06 (22) 7.46 vtotal 1.70 to 2.48 (24)

Losing Groups -43.43 stdev 0.03 to 0.04 (24) -41.41 industry 72.48 to 74.32 (16) -41.38 yeargain -85.80 to -55.82 (1) -40.85 3monthgain 104.46 to 399.26 (25) -40.30 industry 61.28 to 62.05 (11) -36.33 ptotal 3.98 to 6.62 (1) -33.98 industry 74.32 to 75.63 (17) -33.58 pave -25.34 to -14.20 (1) -33.34 industry 66.76 to 68.88 (14) -33.31 gain2 3.32 to 4.54 (24)

Date(ymd): 011231 Average Gain: -12.85 Group Stdev: 5.44 Market Focus: 2.2+2.8 (0.1122, 0.0001) Market Focus5: 0.6+1.7 Data for 2002

Top Gaining Groups 12.42 markcap_est 0.84 to 37.43 (1) 8.31 corr 0.11 to 0.25 (1) 7.63 recent_price 0.61 to 7.07 (1) 3.87 ptotal 14.78 to 16.49 (9) 3.43 prcvd_risk 3.47 to 53.95 (10) 2.61 vtotal 1.42 to 4.33 (10) 1.32 vslice97 0.12 to 0.56 (10) 0.86 vskew 5.29 to 40.73 (10) -0.26 pskew -20.69 to -13.71 (3) -0.64 pave 9.86 to 25.01 (10)

Losing Groups -36.05 industry 72.48 to 76.93 (7) -32.66 3monthgain 65.65 to 399.26 (10) -32.57 yeargain -85.80 to -34.96 (1) -30.48 ptotal 3.98 to 7.91 (1) -29.77 stdev 0.03 to 0.12 (10) -29.40 industry 65.91 to 72.48 (6) -26.69 gain3 3.10 to 17.16 (10) -26.64 prcvd_risk 1.90 to 3.47 (9) -25.70 pave -25.34 to -10.73 (1) -25.42 gain1 -12.08 to -3.44 (1)

Date(ymd): 001229 Average Gain: 27.72 Group Stdev: 23.05 Market Focus: 5.9+1.1 (0.1417, 0.0785) Market Focus5: 2.8+0.6 Data for 2001

Top Gaining Groups 218.29 recent_price 0.81 to 3.00 (1) 188.38 markcap_est 2.44 to 15.87 (1) 185.62 prcvd_risk 18.07 to 240.04 (25) 161.27 1monthgain -55.21 to -27.89 (1) 146.22 yeargain -71.18 to -59.33 (2) 144.63 prd_max -0.85 to -0.51 (1) 143.85 prd_3yrs -1.00 to 0.17 (3) 137.81 resist3 -0.92 to -0.57 (1) 136.89 open-yclose -29.87 to -3.13 (1) 133.92 mov_ave100 -0.69 to -0.45 (1)

Losing Groups -23.58 recent_price 66.50 to 616.88 (25) -21.79 recent_price 54.12 to 66.50 (24) -18.77 yeargain 156.88 to 909.38 (25) -12.26 markcap_est 580931.88 to 22519652.00 (25) -12.18 industry 10.16 to 11.86 (2) -12.08 recent_price 37.56 to 41.38 (21) -12.06 recent_price 41.38 to 46.38 (22) -11.63 corr 0.67 to 0.86 (25) -9.77 resist1 1.17 to 4.76 (25) -9.37 markcap_est 10497.36 to 24538.97 (21)

Date(ymd): 001229 Average Gain: 27.71 Group Stdev: 20.14 Market Focus: 5.1+1.5 (0.00125, 0.0000) Market Focus5: 2.5+0.8 Data for 2001

Top Gaining Groups 156.72 recent_price 0.81 to 5.31 (1) 147.37 prcvd_risk 6.51 to 240.04 (10) 121.44 markcap_est 2.44 to 28.91 (1) 114.59 yeargain -93.28 to -52.77 (1) 103.98 resist1 -0.83 to -0.35 (1) 103.84 resist3 -0.92 to -0.41 (1) 102.46 prd_max -0.85 to -0.40 (1) 102.29 open_moment -35.57 to -5.01 (1) 98.08 resist2 -0.83 to -0.38 (1) 97.94 close-low 7.52 to 80.00 (10)

Losing Groups -18.75 recent_price 49.25 to 616.88 (10) -10.77 recent_price 37.56 to 49.25 (9) -9.89 corr 0.56 to 0.86 (10) -6.78 yeargain 92.84 to 909.39 (10) -4.21 prd_max 0.95 to 9.12 (10) -4.19 recent_price 30.00 to 37.56 (8) -4.14 prcvd_risk 0.02 to 0.28 (1) -3.29 prd_3yrs 1.22 to 1.95 (10) -2.80 resist1 0.66 to 4.76 (10) -2.63 markcap_est 137874.48 to 22519652.00 (10)

Date(ymd): 991231 Average Gain: 18.06 Group Stdev: 10.88 Market Focus: 3.4+2.3 (0.0197, 0.0013) Market Focus5: 0.2+0.5 Data for 2000

Top Gaining Groups 94.03 industry 61.37 to 62.20 (12) 86.21 industry 9.76 to 11.72 (2) 72.16 yeargain 120.30 to 173.17 (23) 60.66 recent_price 0.88 to 4.00 (1) 58.92 recent_std 0.06 to 0.13 (25) 58.69 leadership -146384.30 to -64687.00 (1) 58.15 prcvd_risk 2.55 to 3.24 (22) 51.11 slice47 0.18 to 0.64 (19) 50.28 stdev 0.02 to 0.02 (15) 50.11 gain3 6.64 to 9.75 (24)

Losing Groups -33.80 industry 74.53 to 77.34 (18) -21.88 industry 1.11 to 9.76 (1) -19.66 industry 68.98 to 72.72 (16) -15.76 industry 51.78 to 57.71 (10) -14.38 recent_price 62.28 to 555.88 (25) -12.26 3monthgain 50.80 to 70.55 (23) -9.47 prd_3yrs 1.34 to 1.56 (24) -8.57 resist3 1.89 to 12.86 (25) -6.88 prd_max -0.03 to 0.01 (12) -6.74 big_pslice -3900.08 to -3071.86 (2)

Date(ymd): 991231 Average Gain: 18.07 Group Stdev: 7.45 Market Focus: 3.4+1.6 (0.00036, 0.0283) Market Focus5: 0.5+0.3 Data for 2000

Top Gaining Groups 61.48 industry 57.71 to 62.81 (5) 49.23 leadership -146384.30 to -35991.60 (1) 45.61 recent_price 0.88 to 6.62 (1) 40.41 prcvd_risk 2.15 to 3.63 (9) 39.66 markcap_est 2.60 to 30.85 (1) 38.77 slice47 -0.05 to 1.16 (8) 37.98 ptotal -20.27 to -19.89 (6) 36.68 pair_dif 3.54 to 10.00 (10) 36.53 corr 0.11 to 0.22 (1) 35.90 close-low 7.11 to 54.73 (10)

Losing Groups -10.11 recent_price 46.41 to 555.88 (10) -9.87 industry 68.98 to 75.62 (7) -1.32 corr 0.29 to 0.31 (5) -1.31 industry 75.62 to 88.23 (8) -0.13 big_pslice -7536.86 to -2887.37 (1) 0.80 prd_3yrs 1.24 to 1.95 (10) 1.73 close-low 2.69 to 3.73 (7) 2.46 markcap_est 760.05 to 2081.58 (7) 2.82 prcvd_risk 0.30 to 0.43 (2) 3.26 industry 44.79 to 57.71 (4)

Date(ymd): 981231 Average Gain: 40.96 Group Stdev: 39.43 Revised h/l prob: 0.0, 1.71 Market Focus: 3.7+0.2 (26.45, 31.69) Market Focus5: 0.9+0.1 Data for 1999

Top Gaining Groups 340.46 recent_price 0.66 to 3.06 (1) 328.27 prcvd_risk 12.20 to 126.23 (25) 245.87 recent_std 0.05 to 0.14 (25) 231.02 afterhours_sta 0.26 to 1.04 (25) 229.28 industry 74.01 to 77.38 (19) 218.99 industry 72.32 to 74.01 (18) 214.66 stdev 0.04 to 0.05 (24) 214.59 move_ave5 0.05 to 0.05 (20) 211.56 momentum -96.93 to -36.35 (1) 202.46 gain1 10.17 to 27.66 (25)

Losing Groups -18.27 industry 91.65 to 94.23 (23) -18.20 industry 32.26 to 36.40 (7) -16.93 stdev 0.01 to 0.01 (2) -13.97 stdev 0.01 to 0.01 (4) -13.71 industry 36.40 to 43.90 (8) -13.62 industry 94.23 to 94.86 (24) -13.61 industry 18.58 to 22.97 (5) -13.33 recent_std 0.01 to 0.01 (9) -13.29 recent_price 31.61 to 35.31 (20) -12.68 prd_max -0.04 to 0.00 (10)

Date(ymd): 981231 Average Gain: 40.96 Group Stdev: 31.45 Market Focus: 4.1+0.5 (0.00417, 4.98) Market Focus5: 1.7+0.4 Data for 1999

Top Gaining Groups 230.49 prcvd_risk 5.98 to 126.23 (10) 217.22 recent_price 0.66 to 5.12 (1) 178.75 stdev 0.04 to 0.11 (10) 163.82 recent_std 0.04 to 0.14 (10) 156.46 industry 66.66 to 72.79 (7) 148.56 close-low 8.84 to 30.03 (10) 145.85 afterhours_sta 0.14 to 1.04 (10) 131.13 prd_max -0.89 to -0.39 (1) 130.07 gain3 -25.00 to -2.78 (1) 128.39 industry 72.79 to 83.29 (8)

Losing Groups -12.33 stdev 0.00 to 0.01 (1) -9.12 prcvd_risk 0.08 to 0.26 (1) -9.12 recent_price 28.00 to 35.31 (8) -8.33 industry 12.30 to 22.97 (2) -7.40 industry 22.97 to 39.76 (3) -6.96 stdev 0.01 to 0.01 (2) -6.10 industry 83.29 to 92.96 (9) -5.58 prcvd_risk 0.26 to 0.38 (2) -5.38 prcvd_risk 0.38 to 0.51 (3) -5.31 recent_std 0.01 to 0.01 (4)

Date(ymd): 971231 Average Gain: -5.13 Group Stdev: 9.34 Revised h/l prob: 0.0, 0.57 Market Focus: 2.2+0.7 (0.0154, 4.81) Market Focus5: 0.8+0.0 Data for 1998

Top Gaining Groups 46.97 recent_price 0.78 to 4.44 (1) 40.27 pstdev 11.93 to 15.29 (1) 37.11 corr_f 0.27 to 0.38 (1) 35.37 industry 74.29 to 79.02 (19) 33.93 vstdev 12.19 to 15.05 (1) 31.36 slice3 6.76 to 11.03 (25) 28.07 prd_max -0.90 to -0.44 (1) 27.62 yeargain -76.50 to -41.77 (1) 26.13 prd_3yrs -1.00 to 0.33 (2) 25.78 vkurt 2.80 to 2.83 (23)

Losing Groups -34.24 industry 9.17 to 11.36 (2) -32.75 big_vslice 1080.88 to 3572.50 (25) -29.56 industry 11.36 to 16.52 (3) -28.31 vslice97 0.19 to 0.23 (24) -27.14 stock_ind -0.38 to -0.30 (8) -25.96 leadership 14485.50 to 16607.40 (21) -25.60 close-low 5.04 to 6.25 (23) -25.55 high-close 1.68 to 1.90 (17) -24.81 big_pslice -517.58 to -452.26 (4) -24.80 momentum 71.81 to 259.71 (25)

Date(ymd): 971231 Average Gain: -5.14 Group Stdev: 6.58 Revised h/l prob: 0.23, 0.0 Market Focus: 1.7+0.9 (0.00502, 1.20) Market Focus5: 0.6+0.0 Data for 1998

Top Gaining Groups 23.53 recent_price 0.78 to 7.56 (1) 18.72 corr_f 0.27 to 0.42 (1) 17.91 slice3 5.19 to 11.03 (10) 16.91 pstdev 11.93 to 16.01 (1) 16.66 industry 72.81 to 84.96 (8) 15.91 prd_max -0.90 to -0.30 (1) 14.40 vstdev 12.19 to 15.69 (1) 14.26 yeargain -76.50 to -26.23 (1) 14.05 prcvd_risk 3.79 to 42.76 (10) 13.75 ptotal -31.12 to -28.63 (10)

Losing Groups -25.13 industry 1.12 to 11.95 (1) -22.36 big_vslice 773.96 to 3572.50 (10) -20.10 corr_f 0.60 to 0.72 (10) -20.00 corr 0.26 to 0.28 (5) -19.68 momentum 51.24 to 259.71 (10) -18.69 ptotal -35.58 to -33.97 (1) -18.56 leadership 14485.50 to 21830.30 (9) -18.27 prd_3yrs 1.88 to 1.95 (10) -18.00 move_ave5 0.06 to 0.24 (10) -17.81 big_pslice -561.82 to -408.12 (2)

Date(ymd): 961231 Average Gain: 24.74 Group Stdev: 7.24 Revised h/l prob: 53.49, 0.0 Market Focus: -0.1+0.8 (61.58, 4.64) Market Focus5: -0.4+-0.4 Data for 1997

Top Gaining Groups 51.45 industry 89.68 to 91.82 (22) 51.08 big_vslice -586.71 to -506.93 (12) 50.36 resist3 0.03 to 0.04 (10) 50.36 prd_max -0.31 to -0.24 (3) 49.69 close-low 4.05 to 5.20 (23) 47.95 high-close 5.26 to 13.14 (25) 47.38 pair_dif20 -9.59 to -7.70 (6) 46.90 slice47 -4.92 to -4.24 (3) 46.85 vstock_ind 0.09 to 0.45 (20) 46.71 pkurt 2.58 to 2.59 (6)

Losing Groups -3.37 industry 70.00 to 72.64 (17) 1.68 open-yclose -19.77 to -2.14 (1) 3.65 mov_ave20 -0.54 to -0.09 (1) 3.69 vstock_ind -1.05 to -0.85 (14) 5.42 pair_dif -0.57 to -0.34 (9) 6.62 high-close 0.54 to 0.65 (10) 6.99 close-low 7.43 to 22.14 (25) 7.45 corr 0.55 to 0.79 (25) 8.38 gain2 -3.64 to -2.63 (2) 8.57 pstdev 18.09 to 18.29 (16)

Date(ymd): 961231 Average Gain: 24.73 Group Stdev: 4.85 Revised h/l prob: 0.23, 30.48 Market Focus: 2.0+0.5 (0.00502, 16.65) Market Focus5: -0.1+0.0 Data for 1997

Top Gaining Groups 48.73 industry 85.62 to 92.92 (9) 41.76 vstock_ind -0.20 to 0.45 (8) 40.85 recent_price 7.50 to 11.75 (2) 40.44 pair_dif20 -9.59 to -5.96 (3) 38.78 high-close 3.76 to 13.14 (10) 37.60 vstdev 16.28 to 16.71 (3) 37.59 resist3 0.00 to 0.04 (4) 37.21 prd_max -0.92 to -0.29 (1) 36.52 pair_dif -8.50 to -2.57 (1) 36.23 high_moment -0.47 to -0.05 (1)

Losing Groups 11.20 pair_dif -0.72 to -0.04 (4) 11.48 mov_ave20 -0.54 to -0.05 (1) 12.45 industry 92.92 to 101.81 (10) 12.81 corr 0.27 to 0.30 (7) 13.29 industry 67.26 to 74.07 (7) 13.87 industry 1.06 to 13.21 (1) 13.98 vslice97 -0.17 to -0.11 (5) 13.99 1monthgain 5.12 to 8.33 (8) 14.32 volume1_3 0.17 to 0.29 (6) 14.61 pstdev 16.65 to 17.03 (3)

Date(ymd): 951229 Average Gain: 22.44 Group Stdev: 8.04 Revised h/l prob: 0.57, 43.63 Market Focus: 1.7+-0.2 (0.0167, 69.37) Market Focus5: 0.7+-0.6 Data for 1996

Top Gaining Groups 61.08 open_moment -5.26 to -3.55 (2) 57.30 recent_price 1.09 to 4.94 (1) 56.89 prcvd_risk 2.93 to 5.46 (24) 54.75 vstdev 12.48 to 14.81 (1) 53.46 prd_3yrs 0.17 to 0.43 (4) 52.99 industry 9.47 to 11.35 (2) 52.34 3monthgain 23.07 to 31.51 (24) 52.30 gain1 -1.48 to -1.09 (4) 49.61 mov_ave100 0.19 to 0.25 (24) 48.14 gain2 -1.62 to -1.33 (5)

Losing Groups 1.97 open-yclose -2.26 to -1.43 (2) 2.13 break_ave -22.50 to -16.02 (2) 3.89 prd_max 0.49 to 0.56 (19) 4.73 vslice47 0.24 to 0.31 (24) 4.97 mov_ave20 0.03 to 0.04 (19) 5.14 vslice3 0.13 to 0.18 (24) 5.46 prd_3yrs 0.95 to 1.01 (12) 5.91 resist3 0.07 to 0.09 (13) 6.45 stock_ind -0.85 to -0.69 (5) 6.45 high-close 0.00 to 0.00 (5)

Date(ymd): 951229 Average Gain: 22.46 Group Stdev: 5.15 Revised h/l prob: 0.92, 23.17 Market Focus: 1.7+0.3 (0.0215, 24.51) Market Focus5: 0.1+-0.2 Data for 1996

Top Gaining Groups 44.41 recent_price 1.09 to 7.50 (1) 43.21 prcvd_risk 2.57 to 51.57 (10) 42.03 recent_price 7.50 to 10.75 (2) 36.76 corr 0.19 to 0.20 (2) 36.29 mov_ave20 0.07 to 0.54 (10) 36.26 open_moment -50.32 to -3.10 (1) 36.02 stdev 0.01 to 0.02 (8) 35.09 prd_max -0.91 to -0.29 (1) 34.88 prd_3yrs -1.00 to 0.56 (2) 34.77 yeargain 56.78 to 84.38 (9)

Losing Groups 9.02 prd_3yrs 0.91 to 1.03 (5) 9.85 mov_ave20 0.03 to 0.05 (8) 11.28 corr_f 0.29 to 0.41 (1) 11.45 big_vslice 60.45 to 135.64 (2) 11.77 volume1_3 0.52 to 0.79 (9) 11.85 recent_price 29.75 to 36.62 (8) 12.07 inertia 66.00 to 69.00 (3) 12.29 gain1 0.00 to 0.39 (5) 12.37 corr 0.29 to 0.33 (8) 12.62 resist1 0.05 to 0.11 (5)

Date(ymd): 941230 Average Gain: 37.71 Group Stdev: 15.50 Revised h/l prob: 0.0, 25.44 Market Focus: 5.5+0.1 (2.67, 39.12) Market Focus5: 1.2+-0.2 Data for 1995

Top Gaining Groups 184.48 recent_price 1.03 to 3.38 (1) 144.23 prcvd_risk 8.18 to 48.02 (25) 134.40 open_moment -18.22 to -6.67 (1) 130.20 momentum -71.68 to -27.77 (1) 117.43 high-close 5.71 to 16.67 (25) 111.17 open-yclose -8.15 to -2.67 (1) 108.60 gain1 -10.81 to -3.43 (1) 107.12 mov_ave20 -0.29 to -0.07 (1) 103.43 prd_max -0.87 to -0.46 (1) 101.97 move_ave5 -0.14 to -0.03 (1)

Losing Groups 9.39 slice97 -5.61 to -4.19 (3) 12.55 markcap_est 80.22 to 105.34 (8) 13.81 inertia 61.00 to 63.00 (4) 14.24 gain1 0.00 to 0.45 (14) 14.30 prcvd_risk 0.58 to 0.63 (13) 14.32 vslice47 -0.14 to -0.11 (3) 14.90 big_pslice -58.41 to -45.67 (4) 15.15 prd_3yrs 0.82 to 0.93 (20) 15.30 move_ave5 0.03 to 0.03 (22) 15.47 big_pslice 8.88 to 13.79 (14)

Date(ymd): 941230 Average Gain: 37.68 Group Stdev: 10.95 Revised h/l prob: 0.0, 36.80 Market Focus: 4.3+0.1 (0.0332, 39.31) Market Focus5: 0.6+0.0 Data for 1995

Top Gaining Groups 114.96 recent_price 1.03 to 5.50 (1) 102.88 prcvd_risk 3.31 to 48.02 (10) 81.83 momentum -71.68 to -16.83 (1) 76.02 high-close 3.34 to 16.67 (10) 75.32 markcap_est 1.32 to 21.88 (1) 72.14 move_ave5 -0.14 to -0.02 (1) 72.11 open-yclose -8.15 to -1.41 (1) 72.02 industry 50.60 to 61.83 (5) 71.37 mov_ave20 -0.29 to -0.04 (1) 68.04 open_moment -18.22 to -3.35 (1)

Losing Groups 19.68 prd_3yrs 0.66 to 0.93 (8) 20.37 high_moment 0.05 to 0.08 (9) 20.45 gain1 0.00 to 0.68 (6) 20.94 move_ave5 0.00 to 0.00 (5) 21.31 industry 38.27 to 50.60 (4) 21.40 recent_price 25.88 to 31.71 (8) 22.27 big_pslice -63.51 to -38.96 (2) 22.35 industry 1.31 to 12.19 (1) 22.37 open-yclose -1.41 to -0.68 (2) 23.07 prcvd_risk 0.37 to 0.46 (4)

Date(ymd): 931231 Average Gain: -0.65 Group Stdev: 6.48 Revised h/l prob: 0.58, 65.14 Market Focus: 1.2+-0.4 (0.2465, 79.25) Market Focus5: -0.3+-0.7 Data for 1994

Top Gaining Groups 33.07 industry 71.07 to 72.88 (18) 28.04 recent_price 1.12 to 4.50 (1) 25.28 industry 67.45 to 71.07 (17) 24.42 open_moment -33.72 to -6.02 (1) 23.50 prcvd_risk 2.84 to 4.60 (24) 22.38 close-low 6.58 to 33.33 (25) 21.16 high_moment -0.31 to -0.10 (1) 21.12 vslice97 0.15 to 0.16 (17) 19.97 recent_std 0.02 to 0.03 (23) 19.66 prcvd_risk 4.60 to 36.56 (25)

Losing Groups -16.91 vskew 5.95 to 7.30 (21) -16.17 stdev 0.02 to 0.02 (21) -15.76 industry 34.26 to 38.35 (8) -15.45 corr 0.22 to 0.23 (10) -15.27 high-close 0.00 to 0.00 (4) -14.89 vtotal 0.15 to 0.32 (12) -14.68 pstdev 18.57 to 18.72 (16) -14.46 stock_ind 0.33 to 0.41 (14) -14.26 ptotal -5.90 to -5.73 (22) -14.20 slice3 3.23 to 3.85 (19)

Date(ymd): 931231 Average Gain: -0.66 Group Stdev: 4.26 Revised h/l prob: 0.23, 7.71 Market Focus: 2.0+0.7 (0.00478, 6.44) Market Focus5: 0.3+-0.2 Data for 1994

Top Gaining Groups 19.99 prcvd_risk 2.36 to 36.56 (10) 19.13 industry 66.18 to 72.30 (7) 17.59 recent_price 1.12 to 6.78 (1) 13.50 recent_std 0.02 to 0.10 (10) 12.78 industry 72.30 to 82.90 (8) 12.70 corr 0.15 to 0.18 (1) 10.79 prd_max -0.72 to -0.26 (1) 10.25 slice3 -12.73 to -4.26 (1) 10.19 slice97 -4.90 to -3.15 (2) 9.98 pskew 15.22 to 36.37 (10)

Losing Groups -13.31 industry 19.50 to 35.70 (3) -11.32 slice97 4.39 to 6.36 (9) -10.94 corr 0.18 to 0.20 (2) -9.75 open-yclose -5.56 to -0.92 (1) -9.35 vslice97 0.30 to 0.66 (10) -9.03 prd_max 0.30 to 0.41 (7) -8.92 industry 12.06 to 19.50 (2) -8.89 high-close 0.00 to 0.00 (2) -8.83 3monthgain -10.14 to -5.26 (3) -8.47 industry 91.58 to 101.10 (10)

Date(ymd): 921231 Average Gain: 14.91 Group Stdev: 6.51 Revised h/l prob: 2.05, 16.63 Market Focus: 1.6+0.2 (0.0283, 27.98) Market Focus5: -0.2+-0.7 Data for 1993

Top Gaining Groups 45.30 industry 71.02 to 77.61 (8) 34.37 momentum 9.77 to 17.90 (8) 33.77 vave 4.76 to 6.17 (8) 33.57 pave 8.01 to 17.58 (10) 33.33 pstdev 16.30 to 16.88 (3) 32.13 break_ave 18.45 to 51.48 (10) 31.95 yeargain 42.61 to 181.18 (10) 31.75 resist2 0.34 to 1.39 (10) 31.41 high-close 2.53 to 8.85 (10) 30.85 prd_max 0.47 to 0.58 (8)

Losing Groups -4.95 industry 57.89 to 65.81 (6) -1.88 gain4 -0.24 to 0.00 (5) 0.89 recent_price 54.53 to 110.26 (10) 0.93 leadership 5677.40 to 29411.90 (10) 1.34 slice47 5.33 to 13.27 (10) 1.36 3monthgain -5.97 to -1.11 (2) 1.85 pskew 22.61 to 33.50 (9) 1.90 corr 0.35 to 0.38 (7) 1.91 vstock_ind 0.55 to 1.39 (9) 1.93 slice3 -1.14 to 0.00 (6)

Date(ymd): 921231 Average Gain: 14.94 Group Stdev: 4.61 Revised h/l prob: 20.04, 6.00 Market Focus: 1.0+0.6 (2.26, 10.47) Market Focus5: -0.2+-0.6 Data for 1993

Top Gaining Groups 30.33 yeargain 29.53 to 181.18 (5) 30.06 industry 65.81 to 77.61 (4) 26.23 prd_max 0.34 to 0.58 (4) 25.66 1monthgain 7.00 to 60.00 (5) 25.19 recent_price 12.44 to 19.15 (2) 25.14 resist1 0.24 to 1.25 (5) 25.03 pave 4.77 to 17.58 (5) 24.99 resist3 0.22 to 1.43 (5) 24.79 pstdev 16.30 to 17.31 (2) 24.15 prcvd_risk 1.33 to 14.43 (5)

Losing Groups 0.44 industry 45.82 to 65.81 (3) 3.77 pskew 22.61 to 59.74 (5) 4.51 vave 0.98 to 3.14 (3) 5.50 recent_price 43.73 to 110.26 (5) 5.55 leadership 3024.40 to 29411.90 (5) 5.73 pstdev 11.71 to 16.30 (1) 6.62 yeargain -10.84 to 1.44 (2) 7.14 corr_f 0.27 to 0.39 (1) 7.20 high_moment -0.01 to 0.01 (3) 7.35 prd_max 0.58 to 4.33 (5)

Date(ymd): 911231 Average Gain: 12.70 Group Stdev: 5.90 Revised h/l prob: 63.16, 44.10 Market Focus: 0.1+0.1 (44.73, 41.77) Market Focus5: -0.7+-0.4 Data for 1992

Top Gaining Groups 32.57 prd_max -0.80 to -0.31 (1) 30.38 volume1_3 -0.15 to -0.05 (3) 28.95 vave -5.14 to -2.95 (2) 28.25 prcvd_risk 1.84 to 12.80 (10) 28.05 vskew -0.10 to 4.54 (9) 27.82 pair_dif20 15.85 to 19.04 (5) 27.22 vslice3 -0.06 to -0.03 (4) 26.98 afterhours_sta 0.09 to 0.71 (10) 26.07 inertia 66.00 to 68.00 (3) 25.96 industry 86.75 to 100.39 (10)

Losing Groups -4.03 stock_ind 0.20 to 0.27 (6) -3.51 vskew -8.62 to -4.61 (7) -1.99 recent_price 58.88 to 105.47 (10) -1.62 1monthgain 21.54 to 37.60 (10) -0.79 volume1_3 -0.29 to -0.15 (2) 0.03 big_vslice 80.80 to 99.86 (2) 0.12 leadership 13111.70 to 36086.00 (10) 0.40 prd_max 0.43 to 0.57 (8) 1.02 slice47 -0.21 to 1.13 (7) 1.18 high-close 0.00 to 0.36 (4)

Date(ymd): 911231 Average Gain: 12.70 Group Stdev: 4.14 Revised h/l prob: 58.79, 27.07 Market Focus: -0.4+0.5 (80.96, 18.54) Market Focus5: -1.2+-0.8 Data for 1992

Top Gaining Groups 25.30 prd_max -0.80 to -0.18 (1) 24.66 1monthgain 8.00 to 12.23 (3) 24.26 prd_3yrs -1.00 to 0.67 (1) 22.75 volume1_3 -0.15 to 0.05 (2) 22.09 pair_dif 2.61 to 8.75 (5) 21.39 vskew -0.10 to 21.27 (5) 20.77 pair_dif20 15.85 to 22.43 (3) 20.47 prcvd_risk 1.14 to 12.80 (5) 20.30 pkurt 2.72 to 2.83 (2) 20.19 slice47 -6.73 to -4.00 (2)

Losing Groups 0.11 vskew -8.62 to -0.10 (4) 2.89 prd_3yrs 1.35 to 1.95 (5) 3.22 recent_price 41.75 to 105.47 (5) 4.70 volume3_10 0.01 to 0.16 (3) 5.48 stock_ind 0.16 to 0.27 (3) 5.52 industry 2.09 to 18.22 (1) 5.66 1monthgain -48.23 to 3.02 (1) 5.72 leadership 9849.00 to 36086.00 (5) 6.08 vkurt 2.96 to 3.54 (5) 6.31 resist3 -0.46 to -0.03 (1)

Date(ymd): 901231 Average Gain: 41.49 Group Stdev: 11.22 Revised h/l prob: 1.82, 2.92 Market Focus: 1.2+0.6 (0.0918, 7.06) Market Focus5: 0.4+0.1 Data for 1991

Top Gaining Groups 82.76 resist2 -0.83 to -0.35 (1) 76.92 resist1 -0.82 to -0.34 (1) 76.27 open-yclose -8.70 to -1.30 (1) 74.90 recent_std 0.03 to 0.06 (10) 73.91 gain2 -9.19 to -1.89 (1) 73.11 open_moment -35.22 to -3.51 (1) 72.43 stdev 0.03 to 0.17 (10) 71.17 yeargain -83.48 to -47.89 (1) 70.66 prcvd_risk 1.91 to 3.22 (9) 69.12 prcvd_risk 3.22 to 175.86 (10)

Losing Groups 12.16 leadership -12144.60 to -4007.20 (1) 15.57 corr 0.59 to 0.80 (10) 15.95 vslice97 0.15 to 0.26 (9) 16.27 industry 2.68 to 11.06 (1) 16.71 corr_f 0.20 to 0.33 (1) 17.15 ptotal 2.87 to 6.79 (1) 17.42 prcvd_risk 0.08 to 0.22 (1) 17.65 prcvd_risk 0.22 to 0.32 (2) 17.99 pave -23.17 to -9.94 (1) 18.88 recent_price 34.75 to 45.90 (9)

Date(ymd): 901231 Average Gain: 41.48 Group Stdev: 9.02 Revised h/l prob: 0.58, 0.12 Market Focus: 1.3+0.8 (0.00532, 0.4761) Market Focus5: 0.6+0.4 Data for 1991

Top Gaining Groups 69.89 prcvd_risk 1.91 to 175.86 (5) 67.79 recent_std 0.02 to 0.06 (5) 66.40 stdev 0.02 to 0.17 (5) 63.88 open_moment -35.22 to -2.24 (1) 63.20 yeargain -83.48 to -35.66 (1) 62.88 move_ave5 -0.18 to -0.01 (1) 62.59 recent_price 0.81 to 9.51 (1) 61.53 momentum -96.29 to -12.65 (1) 59.91 gain4 -10.52 to -0.94 (1) 59.87 resist2 -0.83 to -0.23 (1)

Losing Groups 17.53 prcvd_risk 0.08 to 0.32 (1) 18.28 industry 2.68 to 18.47 (1) 19.29 corr_f 0.20 to 0.36 (1) 19.52 corr 0.51 to 0.80 (5) 20.61 recent_price 34.75 to 113.00 (5) 20.70 pave -23.17 to -5.92 (1) 23.78 ptotal 2.87 to 7.68 (1) 23.97 stdev 0.00 to 0.01 (1) 24.39 prd_3yrs 1.26 to 1.79 (5) 24.67 leadership -12144.60 to -1658.00 (1)

Date(ymd): 891229 Average Gain: -13.28 Group Stdev: 5.59 Revised h/l prob: 40.22, 2.27 Market Focus: 0.0+0.9 (45.89, 2.64) Market Focus5: -0.4+-0.4 Data for 1990

Top Gaining Groups 2.52 big_vslice -60.77 to -38.14 (1) 1.28 1monthgain 5.49 to 8.11 (8) 0.85 mov_ave100 0.04 to 0.07 (7) 0.23 3monthgain 10.10 to 14.15 (9) 0.05 mov_ave100 0.09 to 0.13 (9) -0.42 stdev 0.00 to 0.01 (1) -0.50 gain1 0.00 to 0.37 (4) -0.93 resist2 0.10 to 0.15 (7) -1.07 pkurt 2.92 to 3.03 (9) -1.21 corr_f 0.44 to 0.46 (6)

Losing Groups -33.89 vtotal 2.12 to 2.55 (7) -28.10 recent_std 0.02 to 0.04 (10) -27.82 recent_std 0.02 to 0.02 (9) -26.70 prd_max -0.77 to -0.32 (1) -26.62 prcvd_risk 1.01 to 1.76 (9) -26.49 volume3_10 0.35 to 1.75 (10) -26.49 volume1_3 0.55 to 1.14 (10) -26.48 recent_price 13.39 to 17.83 (3) -26.25 inertia 51.00 to 60.00 (1) -26.25 resist3 -0.46 to -0.15 (1)

Date(ymd): 891229 Average Gain: -13.28 Group Stdev: 4.16 Revised h/l prob: 48.69, 1.15 Market Focus: 0.3+1.6 (24.94, 0.0570) Market Focus5: -0.2+0.5 Data for 1990

Top Gaining Groups -3.29 mov_ave100 0.04 to 0.09 (4) -4.20 corr 0.48 to 0.68 (5) -4.61 1monthgain 3.99 to 8.11 (4) -5.33 pair_dif20 6.92 to 11.30 (4) -5.42 prd_max -0.20 to 0.04 (2) -5.48 volume10_60 -0.65 to -0.28 (1) -5.51 pave -21.78 to -8.96 (1) -5.52 resist1 0.30 to 2.09 (5) -5.66 prcvd_risk 0.06 to 0.21 (1) -5.74 pskew 23.15 to 46.59 (5)

Losing Groups -27.96 recent_std 0.02 to 0.04 (5) -24.98 prd_max -0.77 to -0.20 (1) -24.28 stdev 0.02 to 0.06 (5) -23.91 3monthgain -39.69 to -13.35 (1) -23.27 resist3 -0.46 to -0.07 (1) -22.76 volume1_3 0.38 to 1.14 (5) -22.59 break_ave -28.59 to -8.59 (1) -22.23 prcvd_risk 1.01 to 10.58 (5) -21.86 mov_ave100 -0.26 to -0.08 (1) -21.50 resist2 -0.08 to 0.02 (2)

Date(ymd): 881230 Average Gain: 27.40 Group Stdev: 8.05 Revised h/l prob: 68.68, 30.93 Market Focus: 0.0+0.0 (46.40, 46.86) Market Focus5: -0.6+-0.7 Data for 1989

Top Gaining Groups 55.19 vstock_ind -1.35 to -1.10 (3) 54.62 slice97 4.27 to 6.73 (9) 50.80 vslice97 0.06 to 0.11 (7) 50.09 gain2 -6.00 to -0.44 (1) 49.83 corr_f 0.33 to 0.36 (5) 49.64 markcap_est 433.22 to 3297.11 (1) 48.48 vskew 11.19 to 14.85 (3) 48.11 slice47 -3.74 to -2.68 (4) 47.00 slice3 6.32 to 12.52 (10) 46.89 volume10_60 -0.05 to 0.01 (6)

Losing Groups 3.49 mov_ave20 0.04 to 0.15 (10) 3.49 high_moment 0.02 to 0.02 (8) 7.33 inertia 64.00 to 66.00 (3) 9.10 prd_3yrs 0.63 to 0.72 (4) 9.17 vtotal 2.41 to 3.02 (4) 9.17 momentum 12.62 to 19.81 (9) 9.38 industry 22.32 to 38.93 (4) 9.45 break_ave -4.37 to -2.03 (3) 10.21 afterhours_sta -0.07 to -0.03 (7) 10.97 high-close 0.00 to 0.00 (2)

Date(ymd): 881230 Average Gain: 27.45 Group Stdev: 5.27 Revised h/l prob: 78.96, 40.67 Market Focus: -0.2+0.5 (67.26, 19.73) Market Focus5: -0.9+-0.4 Data for 1989

Top Gaining Groups 42.25 slice47 -5.24 to -2.68 (2) 39.65 vslice97 0.06 to 0.14 (4) 39.64 gain2 -6.00 to 0.00 (1) 38.92 inertia 50.00 to 64.00 (1) 38.86 afterhours_sta -0.01 to 0.23 (5) 38.82 slice97 4.27 to 12.91 (5) 38.76 volume1_3 0.04 to 0.36 (4) 37.52 big_pslice -2.24 to 1.31 (3) 36.91 vstock_ind -1.35 to -0.98 (2) 36.64 vskew 11.19 to 20.93 (2)

Losing Groups 11.53 industry 18.39 to 38.93 (2) 13.88 slice47 -11.45 to -5.24 (1) 15.91 recent_std 0.01 to 0.01 (3) 16.12 vtotal 1.46 to 3.02 (2) 16.43 high_moment 0.01 to 0.02 (4) 16.49 inertia 64.00 to 71.00 (2) 16.62 pkurt 2.36 to 2.80 (1) 16.98 vkurt 3.06 to 3.64 (5) 17.17 stdev 0.01 to 0.05 (5) 17.30 leadership -4229.00 to 1707.80 (2)

Date(ymd): 871231 Average Gain: 17.40 Group Stdev: 8.71 Revised h/l prob: 60.37, 23.65 Market Focus: 0.1+0.3 (43.91, 30.28) Market Focus5: -0.6+-0.2 Data for 1988

Top Gaining Groups 49.49 pkurt 2.73 to 2.80 (4) 46.46 prd_3yrs 0.81 to 0.93 (5) 44.62 vslice3 0.12 to 0.16 (7) 44.10 pair_dif 3.90 to 6.39 (10) 43.47 move_ave5 0.03 to 0.13 (10) 43.20 big_pslice 0.77 to 1.46 (8) 41.28 yeargain -29.27 to -21.40 (3) 40.97 slice47 2.70 to 4.60 (9) 40.80 markcap_est 440.70 to 2845.65 (1) 40.61 gain1 2.61 to 18.26 (10)

Losing Groups -2.69 yeargain 27.36 to 122.50 (10) -0.65 vstock_ind 0.01 to 3.08 (9) 0.83 vave 2.26 to 4.48 (8) 1.36 prcvd_risk 0.47 to 0.70 (2) 1.58 resist3 0.02 to 0.36 (10) 2.26 3monthgain -24.47 to -20.82 (7) 2.33 resist2 -0.12 to -0.04 (8) 3.07 gain3 -2.82 to -1.53 (2) 3.19 corr_f 0.36 to 0.39 (3) 3.28 stock_ind -0.18 to 0.04 (2)

Date(ymd): 871231 Average Gain: 17.44 Group Stdev: 6.06 Revised h/l prob: 77.15, 8.39 Market Focus: 0.1+0.4 (39.26, 22.11) Market Focus5: -0.3+-0.4 Data for 1988

Top Gaining Groups 33.46 vskew 9.93 to 43.75 (5) 33.11 high-close 0.00 to 0.00 (1) 32.21 corr 0.18 to 0.38 (1) 31.66 slice3 -2.43 to -0.61 (2) 31.06 resist2 -0.38 to -0.25 (2) 30.77 prd_3yrs 0.81 to 0.98 (3) 30.72 3monthgain -39.08 to -30.43 (2) 30.37 open_moment -0.60 to 0.06 (4) 30.36 move_ave5 0.02 to 0.13 (5) 30.13 yeargain -57.49 to -29.27 (1)

Losing Groups 1.86 yeargain 11.13 to 122.50 (5) 4.59 leadership -1172.70 to -41.20 (1) 5.47 prd_3yrs 1.25 to 1.95 (5) 6.53 gain3 -7.14 to -1.53 (1) 6.58 pair_dif -1.27 to 0.05 (2) 6.72 prcvd_risk 0.21 to 0.70 (1) 7.16 3monthgain -24.47 to -17.20 (4) 7.21 volume10_60 -0.40 to -0.28 (2) 7.46 prd_max 0.28 to 1.65 (5) 7.48 ptotal -3.42 to -0.53 (1)

Date(ymd): 861231 Average Gain: -5.16 Group Stdev: 6.61 Revised h/l prob: 73.69, 65.16 Market Focus: -0.1+-0.1 (61.76, 54.92) Market Focus5: -0.5+-0.5 Data for 1987

Top Gaining Groups 16.05 big_pslice -4.22 to -3.24 (2) 14.24 gain3 0.46 to 10.34 (10) 13.77 prd_max -0.33 to -0.17 (2) 13.61 recent_price 10.61 to 13.75 (3) 13.59 pair_dif20 -2.15 to 3.02 (9) 11.43 1monthgain -1.61 to -0.45 (7) 11.35 industry 2.64 to 11.15 (1) 10.56 ptotal -17.12 to -16.74 (5) 10.01 pave 8.90 to 19.68 (10) 9.33 slice3 -9.16 to -7.21 (3)

Losing Groups -22.23 industry 19.09 to 26.99 (4) -20.64 1monthgain -7.30 to -6.52 (3) -20.38 open_moment -2.06 to -1.06 (2) -19.50 recent_price 7.22 to 10.61 (2) -19.49 pair_dif20 -13.82 to -11.59 (3) -19.43 close-low 0.00 to 0.00 (1) -18.83 vslice3 0.17 to 0.35 (10) -18.75 vstock_ind -0.28 to -0.14 (6) -18.55 gain4 0.79 to 1.88 (9) -18.52 markcap_est 350.83 to 2827.15 (1)

Date(ymd): 861231 Average Gain: -5.18 Group Stdev: 4.52 Revised h/l prob: 58.97, 22.62 Market Focus: -0.7+0.7 (86.35, 12.94) Market Focus5: -1.0+-0.5 Data for 1987

Top Gaining Groups 5.37 industry 2.64 to 17.81 (1) 4.87 1monthgain -1.61 to 2.24 (4) 4.65 ptotal -17.12 to -16.48 (3) 3.93 move_ave5 0.00 to 0.12 (5) 3.92 corr 0.49 to 0.61 (5) 3.90 open-yclose 0.36 to 10.25 (5) 3.71 pair_dif20 -2.15 to 21.24 (5) 3.65 gain3 0.00 to 10.34 (5) 3.46 close-low 0.00 to 0.60 (2) 3.42 pair_dif -4.56 to -0.92 (1)

Losing Groups -19.41 industry 17.81 to 26.99 (2) -15.06 open-yclose 0.00 to 0.00 (2) -14.89 move_ave5 -0.01 to -0.01 (3) -14.55 vslice47 0.12 to 0.77 (5) -14.37 vskew -8.08 to 1.70 (4) -13.98 open_moment -3.88 to -1.06 (1) -13.93 1monthgain -7.30 to -4.35 (2) -13.67 recent_price 22.70 to 31.97 (4) -13.45 pair_dif 0.48 to 1.48 (4) -13.23 resist1 -0.06 to -0.01 (2)

Date(ymd): 851231 Average Gain: 6.20 Group Stdev: 9.97 Revised h/l prob: 24.25, 65.27 Market Focus: 0.3+-0.5 (29.94, 84.40) Market Focus5: -0.4+-0.6 Data for 1986

Top Gaining Groups 33.80 prd_max 0.69 to 1.40 (10) 31.71 volume3_10 -0.42 to -0.36 (2) 28.33 prcvd_risk 0.23 to 0.31 (3) 27.76 corr_f 0.38 to 0.41 (5) 27.25 pskew 39.35 to 63.03 (10) 25.91 gain1 0.56 to 1.01 (7) 25.79 vave -9.73 to -2.98 (1) 24.98 mov_ave100 0.10 to 0.11 (7) 24.94 slice47 8.06 to 13.61 (10) 24.67 3monthgain 15.92 to 19.21 (7)

Losing Groups -18.91 big_pslice 0.74 to 0.98 (9) -18.02 momentum 27.17 to 47.81 (10) -17.86 markcap_est 2723.47 to 9222.98 (1) -17.81 prcvd_risk 1.51 to 2.80 (10) -17.27 recent_price 4.54 to 8.39 (1) -17.02 prd_max -0.28 to -0.17 (2) -17.00 gain1 2.46 to 5.83 (10) -16.78 mov_ave20 0.05 to 0.09 (10) -16.65 corr_f 0.36 to 0.38 (4) -16.11 volume10_60 0.28 to 1.13 (10)

Date(ymd): 851231 Average Gain: 6.21 Group Stdev: 7.44 Revised h/l prob: 33.43, 38.34 Market Focus: 0.2+0.1 (34.53, 45.05) Market Focus5: -0.2+-0.3 Data for 1986

Top Gaining Groups 23.87 pskew 24.77 to 63.03 (5) 23.29 move_ave5 0.01 to 0.01 (3) 22.18 prd_max 0.36 to 1.40 (5) 21.67 leadership -87.30 to 482.60 (3) 21.03 mov_ave100 0.10 to 0.13 (4) 20.50 leadership 482.60 to 965.20 (4) 19.64 big_pslice -1.68 to -0.48 (1) 19.44 prcvd_risk 0.23 to 0.38 (2) 18.86 open-yclose 0.00 to 0.43 (4) 18.82 resist1 0.14 to 0.20 (4)

Losing Groups -12.82 big_pslice 0.74 to 1.49 (5) -11.76 resist2 -0.26 to 0.01 (1) -11.50 mov_ave100 -0.20 to 0.02 (1) -10.53 recent_std 0.01 to 0.03 (5) -10.17 pair_dif20 -14.30 to 3.32 (1) -10.07 pskew -14.61 to 1.48 (2) -9.51 prd_max -0.59 to -0.17 (1) -9.29 corr_f 0.50 to 0.58 (5) -9.17 resist1 -0.27 to 0.01 (1) -9.01 leadership -802.20 to -87.30 (2)

Date(ymd): 841231 Average Gain: 21.88 Group Stdev: 8.81 Revised h/l prob: 16.75, 42.98 Market Focus: 0.9+0.1 (2.19, 43.21) Market Focus5: -0.8+-0.5 Data for 1985

Top Gaining Groups 60.28 yeargain -83.64 to -32.06 (1) 47.95 big_pslice 0.49 to 0.89 (9) 45.99 recent_std 0.00 to 0.01 (1) 45.16 slice97 0.72 to 1.79 (7) 45.06 prcvd_risk 1.49 to 87.45 (10) 43.38 pair_dif20 -1.86 to 0.91 (3) 43.21 close-low 1.66 to 2.17 (8) 42.94 vstdev 16.42 to 17.07 (8) 41.48 resist3 -0.78 to -0.21 (1) 41.24 ptotal -1.02 to 0.66 (9)

Losing Groups -2.94 leadership -576.80 to 29.80 (8) -0.44 corr_f 0.38 to 0.41 (8) 0.67 high-close 1.87 to 9.97 (10) 0.97 3monthgain 17.67 to 34.05 (10) 2.54 mov_ave100 0.10 to 0.19 (10) 2.87 prd_max -0.17 to -0.06 (4) 3.36 slice3 -5.62 to -2.81 (2) 3.66 pskew 8.03 to 12.68 (6) 3.92 1monthgain -25.00 to -7.65 (1) 3.94 vstdev 13.81 to 14.64 (2)

Date(ymd): 841231 Average Gain: 21.86 Group Stdev: 5.42 Revised h/l prob: 76.47, 86.55 Market Focus: -0.3+-0.4 (73.99, 74.74) Market Focus5: -1.2+-0.8 Data for 1985

Top Gaining Groups 37.06 open-yclose -5.06 to -0.63 (1) 35.13 pair_dif20 -1.86 to 2.68 (2) 33.79 leadership -1636.20 to -964.70 (3) 32.67 yeargain -83.64 to -21.72 (1) 32.53 volume3_10 -0.08 to 1.88 (5) 32.39 big_pslice 0.49 to 1.29 (5) 32.34 slice97 0.72 to 3.65 (4) 31.99 pave -0.78 to 16.04 (5) 31.89 1monthgain -1.58 to 0.89 (2) 31.74 prd_3yrs -1.00 to 0.88 (3)

Losing Groups 8.81 high_moment 0.04 to 0.16 (5) 8.91 high-close 1.35 to 9.97 (5) 9.82 corr_f 0.31 to 0.41 (4) 10.78 industry 24.41 to 46.86 (3) 10.86 corr 0.50 to 0.78 (5) 10.96 inertia 75.00 to 83.00 (4) 11.16 pave -7.20 to -0.78 (4) 11.73 prd_3yrs -1.00 to -1.00 (2) 11.76 slice97 -14.51 to -4.96 (1) 12.63 pskew 2.05 to 12.68 (3)

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