CCASS: Why Large Moves Still Mattered in 2021
262 Views, 18 Jan 2022 20:51
- In this latest installment in a series dating back to March 2018, I've analysed 4,400 moves over three years inside CCASS, targeting >5% of shares outstanding of individual stocks.
- The data continues to bear out the overall underperformance of stocks that exhibit large CCASS moves.
- But it also serves to illustrate that when a certain % move takes place in tandem with a certain market capitalisation, there is a tendency for outperformance.