Crafting Investment Strategies in 2024: Insights & Analysis

Unlocking the Biggest Wins and Losses of 2023 on the Stock Market

Reflecting on the highs and lows of the previous stock year is inevitable for investors. In this overview, I’ll share insights into the global markets, highlighting significant outcomes and discussing their relevance to you as an investor. Our aim at Hugo Investing is to provide practical information to help and inspire you on your investment journey. Having your Saxo Bank Account in Spain with Hugo Investing’s guidance, we delve into investment strategies in 2024.

Analysing 50K Shares with Hugo’s Advanced System

Leveraging our trading platform, provided through our partnership with Saxo Bank in Spain and accessible to all our clients, we conducted an analysis of 50,000 shares to pinpoint the top and bottom performers of 2023, focusing on yield.

The Worst Performers of 2023

With some reluctance, I present the Worst Performers of 2023, where shareholders, and often the companies themselves, faced significant losses:

1. Pharnext SA: -99.9%

   Pharnext‘s share plummeted over 60% on December 11th after revealing Phase III clinical trial results for Charcot’s disease, impacting both shareholders and the company itself.

2. Orpea: -96%

   Another French company, Orpea, follows with a substantial loss of 96%.

3. SAS AB: -95%

   The Scandinavian carrier experienced a 95% drop on October 4th after announcing a financial restructuring/rescue plan.

And the Winners of 2023 are…

Making such an overview reminded me of one of the positive features of investing: you can earn more than you can lose.

1. Cleanspark Inc.: +449%

   A bitcoin mining company, Cleanspark, secured a remarkable 449% increase.

2. Marathon Digital Holdings: +465%

   Securing the second position with a 465% surge, thanks to strategic takeovers in the crypto space.

3. Carvana Co.: +1232%

   Carvana, an online platform for second-hand cars, emerged as the star of 2023 with an astonishing 1232% increase.

Conclusion: Crafting an Investment Strategy for 2024 with Hugo’s Guidance

While some of these companies may be unfamiliar, their extreme volatility is a common thread. All the top three winners experienced significant losses in the previous period. Be very careful with such overviews and use this time to evaluate your investments, create good investment strategies in 2024.

Almost every investor or trader can use some guidance now and again. At Hugo, we assist you in shaping your stock market strategy, aligning it with your risk appetite, explaining financial products, and helping you understand how to make them work for you. Drop by our office in Marbella with or without an appointment, or give us a call.