Analyst Recommendation and Stock Performance: Performance Jan (Pt. 06)

The January episode, again very interesting. Yet the result is strikingly often similar:

We begin with the mtm graphic:

The worst basket outperformed all other indexes again with +8,5%, mainly driven by centrotherm (+64%), the most volatile stock in the indexes.

The total performance:

The worst basket caught up again with the DAX30 (only 0,7%). The DJ also had a strong month, second best performance (+4,5%). The best basket increase by 3,6%.

I would like to point out that this little research does have a big flaw:

The dividends payed out are not registered in the performance! Unlike in the two performance indexes DAX and DJIA. 

Of course I could adjust for dividend payed out per stock, however i do not have so much time to watch over all the stocks regarding a payout.

This effect might be stronger on the best basket, since stocks in worst basket might have major problems regarding liquidity and do not have the reserves for dividend payout.