Past Performance of Winners vs. Total Index:
While stock performance is not part of the DeMarche operating metric of
migration, there should be some correlation between companies with
improving migration and subsequent stock performance. The following table shows
the annualized, equally-weighted performance of the DeMarche "Migrating 100"
vs. the DeMarche 3000 Index (the 3,000 most liquid companies) for the 3-year
period ending Dec. 31, 2006.
As of Dec. 31, 2006
| Past
Performance |
Equal
Weighted
|
Cap
Weighted
|
| Date* |
1 Year |
2 Year |
3
Year |
1
Year |
2
Year |
3
Year |
| Migrating 100 |
12/31/2002
|
-9.1% |
17.6% |
12.2% |
-17.2% |
-7.5% |
2.7% |
| |
12/31/2003
|
44.2% |
43.0% |
23.7% |
31.1% |
24.3% |
12.3% |
| |
12/31/2004
|
18.8% |
81.3% |
24.9% |
21.2% |
62.8% |
17.1% |
| |
12/31/2005
|
17.2% |
20.1% |
40.8% |
14.4% |
18.4% |
24.2% |
| |
12/31/2006
|
14.7% |
15.8% |
23.2% |
3.3% |
11.9% |
18.2% |
|
|
|
|
|
|
|
|
| DeMarche 3000 |
12/31/2002
|
-15.7% |
-9.2% |
-10.0% |
-19.8% |
-18.0% |
-16.3% |
| |
12/31/2003
|
56.8% |
7.4% |
5.0% |
32.2% |
1.4% |
-5.2% |
| |
12/31/2004
|
17.5% |
30.8% |
8.1% |
12.4% |
19.9% |
3.7% |
| |
12/31/2005
|
6.2% |
8.3% |
19.8% |
7.1% |
8.3% |
14.5% |
| |
12/31/2006
|
15.9% |
7.4% |
9.1% |
19.1% |
11.6% |
10.8% |
*Date represents the date the Most Improved 100 companies
are identified.
All returns are for 1, 2, and 3 year periods ending on that date.
|
