Buoyed by its unique goods, strong cash generation, and hefty share repurchases, Etsy looks to prove history right again. Usually, a company's deletion from the S&P 500 index makes it feel like a stock to avoid. However, a study from Research Affiliates analyzed stocks deleted from the S&P 500, Nasdaq-100, and Russell 2000 indexes and showed that the exact opposite may be the case. Running a backtest from 1991 to 2018, Research Affiliates found that stocks removed from the major indexes went on to outperfor ...