Guru |
Forecasts |
Accuracy |
Guru |
Forecasts |
Accuracy |
David Nassar |
44 |
68.20% |
Trading Wire |
69 |
47.80% |
Ken Fisher |
120 |
66.40% |
Don Hays |
85 |
47.10% |
Jack Schannep |
63 |
65.60% |
James Stewart |
115 |
47.00% |
David Dreman |
45 |
64.40% |
Richard Band |
31 |
46.90% |
James Oberweis |
35 |
62.90% |
Jim Cramer |
62 |
46.80% |
Steve Sjuggerud |
54 |
62.10% |
Gary D. Halbert |
93 |
46.... |
CXO Advisory did a very bold and lengthy study on prediction accuracy in the financial markets.
They collected 6,582 Wall Street predictions between the period of Dec-98 and Dec-12. How well did the gurus fare in aggregate?
Drum roll please….
The gurus were accurate with 46.9% of their predictions! It seems like we are better off flipping coins to decide the direction of the stock market. Below is the chart from CXO Advisory:
The table below shows the individual guru’s prediction performance.
...