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Dutton Research Companies Outperform Russell 2000 by 19%; Volume Increases Exceed 100%
J.M. Dutton and Associates continues to prove that good companies, coupled
with good research and broad distribution, has a sustained positive impact
on small cap companies.
Companies covered by Dutton Research and receiving at least a Neutral
rating outperformed the Russell 2000 benchmark by 13.4% for the three
month period after coverage was initiated and by 19.2% for the six month
period after coverage was initiated.
Trading volume after the initial issuance of coverage, was up an average
of 100% over first 90 days as compared to pre coverage volume.
The statistical data continues to demonstrate the value of Dutton research
coverage.
Stock Price and Volume Performance Statistics through Sept. 30, 2002:
|
STOCK PRICE PERFORMANCE VS. RUSSELL 2000 INDEX
|
| Days After Initiating Coverage Report |
30
|
60
|
90
|
120
|
150
|
180
|
| Average Return of Dutton & Associates'
Companies |
9.7%
|
8.9%
|
8.1%
|
-2.0%
|
-1.1%
|
6.9%
|
| Average Return of Russell 2000 index
for same periods |
-0.8%
|
-1.3%
|
-5.3%
|
-9.9%
|
-11.5%
|
-12.3%
|
| Number of Companies Used in Average |
19
|
17
|
15
|
15
|
13
|
10
|
|
Trading Volume Increases
|
| Days After Initiating Coverage Report |
1-30
Day Avg.
|
31-60
Day Avg.
|
61-90
Day Avg.
|
91-120
Day Avg.
|
121-150
Day Avg.
|
151-180
Day Avg.
|
| Percentage Change from Baseline |
99.00%
|
112.00%
|
89.00%
|
53.00%
|
67.00%
|
88.00%
|
| Note: Baseline is avg. daily trading
volume for 30 calendar days prior to initiation coverage report. Excludes
maximum and minimum values. |
|