It is equally well when you identify the right stocks.
If growth is supported by ROI or PM of Company, i.e. difference between FB and TSLA.
As I said already, price of any stock consists Company value+Growth Rate+Premium people pay.
The biggest challenge is on the last part, Premium people pay, which may be changing daily. At best bull market, people pay extra premium, but that changes into discount during the bear market.
The fluctuation, esp based on premium, will be less in value stocks.