The Stiffness Indicator by Markos Katsanos
Find out how stiff your stocks are, or identify the next FAANG stock with this new indicator.
The FAANG acronym, standing for those well-known companies Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX), and Alphabet (GOOGL), may be familiar to you. Over the past five years, the FAANG five have returned 42.7% annualized compared with a 10.3% annualized gain of the Standard & Poor’s 500 stock index. In fact, only 20 stocks—or four percent of companies listed on the S&P 500—constitute about 70% of the index’s return ...