As I wrote earlier in my previous instablog about the relationship between Seeking Alpha followers and DJ30 stock YTD returns it seemed that the stocks with fewer followers yielded a better YTD performance. From a theoretical and academicals perspective, that makes sense. This, as small stocks often outperform large stock, which has been proven many times in a variety of academic articles. So what about the S&P500?
I hereby post a sample of the first 100 stocks of the S&P500 (on alphabetical order) ranked on Seeking Alpha followers and YTD returns.
The YTD return of the top 50 followed stocks on SA average around 50% while the YTD return of the least 50 followed stocks average around 200%.