If you think the S&P is primed to bounce, you might want to take a look at high-beta stocks.
These are the names that tend to track the S&P most excitedly — climbing the most when the market rises and falling the furthest when the market skids.
Given that stocks as a whole have suffered this year, it's little surprise that these high-beta stocks have had an especially rough go of it.
Dividing all of the stocks in the S&P 1500 with market values above $500 million into quintiles based on their beta measures, one finds that the average 2016 performance for the highest-beta stocks is a 13.7 percent drop. Meanwhile, the average stock in the lowest-beta quintile of the market is up 1.2 percent, based on a CNBC analysis of figures from FactSet.
That implies that if one believes stocks are primed to bounce, an effective way to bet on more upside would be to buy some of the highest-beta-names out there. These includes stocks like TripAdvisor, Barnes & Noble and WisdomTree Investments.