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It doesn't (average to 62%) two things are going into that 62% number, one it starts on 1 january 2022 and these are the "last 12 months" so they start from the
by ChuckMcM 4y ago
It doesn't (average to 62%) two things are going into that 62% number, one it starts on 1 january 2022 and these are the "last 12 months" so they start from the 26th December 2021. Also different analysts will pick different "sets" for their mix, so some will be "all US automakers" or "all 'major' automakers" (for some arbitrary definition of "major"). But stock prices are well publicized and easily available in forms for doing data analysis (the whole "day trader" craze in the 90's really kicked off some interesting "technical analysis tools" for stocks.)
And if you're at the point where you have some "extra" savings that you want to take out of a CD or savings account and put into a fund of some sort, reading the various fund manager reports on different funds is endlessly entertaining in how they "hide the sausage" as one does.
All that said, it seems a fair question is this; "Over the last 12 months, how has the stock price of companies that primarily make cars changed?" And the answer to that is that they have all gone down somewhat, some more than others. Interesting to me that BMW was the least affected and Lucid the most. I don't have many car stocks in my portfolio. I did add some when people were paying more to buy back used cars than they sold them for because that suggested to me they would have an uptick when the supply chain bounced back, and I do have Honda (long) since I've always admired the company's management. Other than that though, I got out mid last year (summer '21).