Table 5 Annualized returns (\(r^{ann}_G\)) of the simulations (1500 random investing paths) for the different strategies and market sizes

2.808

3.023

4.106

1.779

4.051

1.580

3.883

2.635

3.839

2.421

1.192

3.347

1.170

3.526

− 0.020

− 0.645

0.197

− 0.309

− 0.233

− 0.432

− 0.202

1.955

2.095

3.603

1.576

3.057

1.344

2.894

16.268

78.651

16.645

9.674

27.429

8.304

49.893

1.434

2.546

3.649

1.779

4.045

1.299

4.920

1.400

2.984

2.113

1.192

3.568

1.108

3.948

0.035

− 0.510

0.173

− 0.309

− 0.273

− 0.439

− 0.143

0.826

1.730

3.270

1.576

3.046

1.075

3.815

8.455

38.607

19.421

9.674

29.719

8.522

47.773

0.452

2.014

2.199

1.779

72.908

0.180

252.135

1.432

0.316

2.723

2.375

1.192

93.082

0.293

630.091

0.984

0.055

− 0.493

− 0.096

− 0.309

1.124

− 0.574

1.448

0.032

0.356

1.235

0.874

1.576

40.747

0.164

88.360

1.176

2.172

29.621

12.365

9.674

956.979

1.626

11283.591

8.654