Past performance is no guarantee of future results, but it can be very helpful in guessing. According to a new report by Financial Research Corp., there are very accurate predictions that can be gleaned based on several facets of past performance. The recently released report is called "Predicting Mutual Fund Performance 2: After the Bear."

"The analytical and regulatory community has spent so much time documenting what past performance cannot tell us, that it has overlooked many valuable insights that past performance holds for investors that know how to correctly interpret it," said Gavin Quill, director of research studies at FRC.

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