It's that time of the month to check up on Equities.com's porfolio of funny ticker symbols. Once again, the "FUNY index" outperformed the S&P 500 with a return of 8.14 percent since August 16, while the S&P 500 had a return of 4.04 percent.
Here is a chart breaking down the performance of the "FUNY Index" during the timeframe (August 16 – September 19).
VCA Antech Inc. [$WOOF] outperformed the competition this month with the highest return of 29.17 percent. Close behind was BioTelemetry Inc. [$BEAT] who continued to grow with stock prices reaching over $10 a share.
Harley-David Inc. [$HOG] also had a solid performance this month with a return of 12.85 percent. The company decided to go ex-dividend on September 13.
In the restaurant category, The Cheesecake Factory Inc. [$CAKE] came out on top with a return of 4.15 percent. Papa Johns Int'l Inc. [$PZZA] trailed behind with a return of 3.2 percent. The pizza company teamed up with the NFL and Pepsi earlier this month to offer special promotions to sports fans. Yum! Brands Inc. [$YUM] did not see much change from last month's return.
Olympic Steel Inc. [$ZEUS] was the only company that underperformed this month with shares dropping to $26.93.
When comparing the "FUNY Index" to the S&P 500 over a longer period of time, the difference is much more significant. Since November 15, 2012 the "Funy Index" has a return that is over 40 percent higher than the S&P 500.
Here is a chart breaking down the performance of the "FUNY Index" during the timeframe (November 2012 – September 2013).
The most remarkable figure is that BioTelemetry returned a whopping 319.17 percent in less than year. In addition, 10 out of the 15 companies in the "FUNY Index" have reached a return of 40 percent or higher since November 2012. While it is never advised to base an investment on the name of a ticker symbol, the "FUNY Index" continues to impress us with its strong performance.
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