The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 19, 2024.
Staff | ReutersOver the last 12 months, just 11 stocks made up half of the gains that powered the pan-European Stoxx 600 stock index to a record-high close on Friday.
"From a Global point of view, the GRANOLAS have even outperformed the so-called Magnificent 7 over the past two years.
Their (out)performance is even more impressive on a risk-adjusted basis: with a volatility 2x lower than for the Magnificent 7, the GRANOLAS help to boost the Sharpe ratio."
"This suggests that, in Europe, nearly all revenue growth of the STOXX 600 will come from the GRANOLAS.
Persons:
Goldman Sachs, Sanofi —, Goldman, Tim Hayes, Ned Davis, Hayes
Organizations:
Staff, Reuters, GSK, Roche, ASML, Nestle, Novartis, Novo Nordisk, L'Oreal, LVMH, AstraZeneca, SAP, Sanofi, Street, Ned, Ned Davis Research, CNBC
Locations:
Frankfurt, Germany, Europe