https://thealgobench.com/tags/yearly/Recent content in Yearly on The Algo BenchHugoen-INFri, 09 Oct 2026 00:00:00 +0000https://thealgobench.com/strategies/last-years-losers/Fri, 09 Oct 2026 00:00:00 +0000https://thealgobench.com/strategies/last-years-losers/<h2 id="the-idea">The idea</h2> <p>Buy what has fallen the most and wait for it to bounce back. It&rsquo;s one of the most natural instincts in investing, and it has a respectable academic history: a famous 1985 study found that US stocks with the worst returns over the past three to five years went on to beat the market. Prices overshoot, the argument goes, so the most hated stocks become too cheap.</p>