From the Table below, you can see that 1) The ASX200 losses have...

From the Table below, you can see that
1) The ASX200 losses have been lower than those suffered in US S&P500
2) ********* (AXSO) suffer higher losses than ASX200
3) The indices generally mask the extent of losses incurred at individual stock levels because they are buffered by some gainers

How can the Feb18 be just 5.3% down when the whole roof come down for the majority of small & microcaps. Obviously the composition of AXSO includes the better quality ********* (those making money) and not the wannabe microcaps which has been my focus predominantly , but there is no microcap index measure.

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7
0			ASX200			S&P500
1	BEAR CYCLES	START	END	LOSS%	START	END	LOSS%
2	31st July 2019-  to date	6793	6460	-4.9%	3026	2840	-6.1%
3	Late Apr-May 2019	6386	6240	-2.3%	2946	2752	-6.6%
4	Mid Sep 18-Dec 18	6339	5468	-13.7%	2929	2448	-16.4%
5	Feb-18	6121	5759	-5.9%	2839	2581	-9.1%
6			AXSO
7	BEAR CYCLES	START	END	LOSS%
8	31st July 2019-  to date	2998	2801	-6.6%
9	Late Apr-May 2019	2868	2751	-4.1%
10	Mid Sep 18-Dec 18	2863	2390	-16.5%
11	Feb-18	2780	2633	-5.3%