Investing in Funny Ticker Symbols: September Update

Young Rae Kim |

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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

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