If I'm looking to pick stocks that will double in 3 years, how do I figure out what is the likely universe that I'm choosing from? I just want a rough estimate of the universe given the market cap constraint of $1b USD market cap on a global basis. How do I go about estimating that?
I need a historical "average"... historically on average what % of stocks will double in 3 years?
Maybe make some simple standard deviation of returns for the market and see what sigma 2x in 3 years falls under? let's say if historically market goes up 12% a year... not sure if it is the right approach to it.
Basically wanted to get a rough estimate without actually crunching a whole bunch of historical numbers.