AVANGRID, INC. ranked among the best performers today. It delivered +0.5% to close at 52.08. It's recent 5 day performance has been +2.05%, -0.18%, +0.97%, +1.68% and +0.51%.
AGR showed a bullish trend over the last 3 months. During this period AGR delivered +4.81% and saw a maximum drawdown of -7.45%. There was a long signal during this period which returned +3.89%.
AGR has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 5 Jul, 2016 to 3 Oct, 2018. Over the last 2 years 11 months and 3 days, AGR outperformed the SP500 index on 52% days.
During the last three months AGR was mostly profitable and delivered on average +0.08% per day. It's best return during this period (of +2.33%) was on Wednesday, 24 Oct, 2018. While it's worst loss in the same period (of -2.68%) was on Wednesday, 3 Oct, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 15 Oct, 2018 and went on till 22 Oct, 2018. This bullish trend returned +5.33% to investors.
During the last year AGR had 5 profitable months and 7 loss making months. AGR returned profits in fewer months than SP500 index. AGR significantly outperformed SP500 index in Nov 2018, when it returned +7.17% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. AGR had a longer winning streak of losing months than SP500 index. It went down in 5 straight months (from Jun 2018 to Oct 2018) during which period it delivered -11.66%.
Buy when everyone else is selling and hold until everyone else is buying. That's not just a catchy slogan. It's the very essence of successful investing.
-- J. Paul Getty
AGR is currently seeing overall fall in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in AGR's volatility from 13 Sep, 2018 to 29 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 10 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that AGR has significant positive skewness in it's return distribution. This indicates that investors can expect AGR to recover from drawdowns quickly. Which makes AGR a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
Based on your interest in AGR you may find it interesting to know that DNKN, CHKP and ~WATER have all performed similar to AGR and qualify as alternative investment candidates that must be evaluated for diversification.
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