REVERSION TO THE MEAN Within the S&P 500, the 50 worst performing stocks in 2022 averaged a gain of 50.2% in 2023, outperforming the index by 26 percentage points. Conversely, the 50 best performing stocks of 2022 averaged a gain of just 6.2% in 2023 and underperformed the index by 18 percentage points.
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