GREY:XEBEQ - Post by User
Comment by
catchascatchcanon Jul 27, 2021 11:49am
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Post# 33610175
RE:RE:RE:Not worried one bit
RE:RE:RE:Not worried one bitYou are correct - no one can argue that sectors cannot share a fate given market sentiment, and there are sympathy moves that permeate market sectors and do impact entire classes of stocks, impacting PE multiples. That said, it is impossible to calculate such things between stocks given that while they may share a class/sector, individual companies are snowflakes, and unique in a million and one ways. Any one stock can move against market forces for any of these reasons on any given day. If we can't calculate the impact that other stocks have on any other stock, then focusing on it is not a value-added exercise. Chaos theory is wonderful, but so abstract that it will remain theory.