AECOM

28.14 +0.01 (+0.04%) Sell

ACM investors looking to add more to current positions

13 min read

AECOM ranked better than it's peers today. It delivered +0.04% to close at 28.14. During the last week it delivered -6.54% and saw a maximum drawdown of -6.58% before bouncing back.

[Themes containing ACM]

Buy-and-Hold investors in ACM experienced a maximum drawdown of -17.65% over the last three months. It delivered -12.91% during this strong bearish trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +3.24%.

Trend

ACM has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 8 Dec, 2016 to 31 Oct, 2018. Over the last 2 years 11 months and 7 days, ACM underperformed the SP500 index on 51% days.

During the last three months ACM was mostly loss making and delivered on average -0.2% per day. It's best return during this period (of +5.14%) was on Thursday, 15 Nov, 2018. While it's worst loss in the same period (of -5.32%) was on Monday, 12 Nov, 2018. The longest stort-term trend during this period was 8 losing days, which started on 3 Oct, 2018 and ended on 12 Oct, 2018. This bearish trend lost -6.49% of investor capital.

The last 12 months saw ACM's investors making profits in 6 months and incurring losses in 6 months. ACM was less consistent in delivering monthly returs than SP500 index. ACM was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -12.5% compared to -7.28% returned by SP500 index in Oct 2018. ACM had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year. It is interesting to note that both ACM and SP500 index significantly outperform during months when quarterly/annual results are announced.

"Your net worth to the world is usually determined by what remains after your bad habits are subtracted from your good ones.

ACM is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in ACM's volatility from 9 Oct, 2018 to 15 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 13 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that ACM has significant positive skewness in it's return distribution. This indicates that investors can expect ACM to recover from drawdowns quickly. Which makes ACM a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

SP500 index has more chance of extreme outcomes than ACM. Therefore, SP500 must receive a lower allocation than ACM in your portfolio. SP500 index usually has shorter drawdown period than ACM.

On a general note (since you are interested in ACM), three instruments that deserve special mention are AMRN, I and PRQR. They have all outperformed the market and must be closely watched for investment opportunities.

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