Recent star performers

We continue our look at recent winners in the market, following on from research that indicates a ‘momentum’ strategy can yield positive results.

The end of one week and the beginning of another means it is time to recheck the performance of our momentum strategy and seek out the candidates for the coming week.

The most successful shares of the FTSE 350 in the week 4 - 11 April were:

Tullett Prebon – up 9.2%
Lancashire Holdings – up 7.1%
Standard Chartered – up 4.6%
Unilever – up 3.8%
Tullow Oil – up 3.4%

Between 14 April and today, these five returned an average of -1.57%, with a strong performance by Tullow Oil being outdone by a 5.55% drop in Lancashire Holdings.

Nevertheless, we will press on with this strategy, as well as bringing in a monthly and quarterly focus over time. For the week 14 April – 17 April, the biggest winners were:

- Britvic – 8.4%
- International Consolidated Air – 8.1%
- Sports Direct – 7.9%
- Ashtead – 7.8%
- Supergroup – 7.7%

Again, we’ll review these in a week’s time. I have also looked at monthly performance. Since 1986, buying the six best performing shares of the previous three months would have provided an average return of 2.2% per month. When using leverage, these returns (and the losses in some months) would have been magnified as well. At the end of the month, I’ll look at the best performers of the February – April period.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen.