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When performance is measured against the first day's closing price, our entire universe of new issues has an 81% average gain and an average relative performance of just 86.
FORBES: A decade of new issues
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In the case of Royal Dutch Shell, the RSI reading has hit 70.1 by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 54.5, the RSI of WTI Crude Oil is at 53.2, and the RSI of Henry Hub Natural Gas is presently 46.2.
FORBES: Royal Dutch Shell Shares Enter Overbought Territory
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Amazingly, on average, 98 of the 100 monkey portfolios beat the 1, 000 stock capitalization weighted stock universe each year.
FORBES: Any Monkey Can Beat the Market
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For a player to hold "average cards"--for the short-term fluctuations of randomness to even out completely--the universe of hands must be greater than most players see in several years.
FORBES: Magazine Article