My thesis aims to assess the validity of the ‘sin stock anomaly’ by observing whether sin stocks are traded on a sin premium and whether they are recession-resilient. Integrating quantitative data analysis, I compared the monthly returns of sin stocks to stocks to comparable stocks in the consumer industry over 60 years to determine whether a unique sin component drives their performance. The results indicate that sin stocks exhibit significant premiums during expansions but do not consistently outperform during recessions. However, the research also reveals different characteristics of stocks in the gambling, tobacco, and alcohol industries.