AMC NETWORKS INC.

55.99 -2.78 (-4.96%) Sell

Want to invest in AMCX? Avoid as it ranked among the worst performers

13 min read

AMC NETWORKS INC. ranked among the worst performers today. It returned -4.96% to close at 55.99. It's recent 5 day performance has been +1.29%, +0.85%, -0.67%, -0.21% and +1.96%.

[Themes containing AMCX]

AMCX showed a strong down trend over the last 3 months. During this period AMCX returned -12.6% and saw a maximum drawdown of -19.88%. There were 2 short signals during this period that returned a cumulative of +5.12% to investors.

Trend

AMCX has been underperforming the SP500 index in recent time, after having outperformed till 8 Jan, 2016. Over the last 2 years 11 months and 9 days, AMCX underperformed the SP500 index on 51% days.

AMCX returned losses on 51% days in the last three months. During this time, it delivered on average -0.19% per day. It delivered it's worst daily return of -9.23%, during this period, on Wednesday, 24 Oct, 2018. There was initially a bullish trend during this period which started on 18 Sep, 2018 and went on till 21 Sep, 2018. The bullish trend returned +2.91% to investors. This was followed by a bearish trend that started on 6 Nov, 2018 and ended on 12 Nov, 2018. This bearish trend lost -3.72% of investor capital.

On monthly basis, AMCX delivered profits in more months over the last year, than losses. AMCX delivered profits less regularly than SP500 index. AMCX was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -11.26% compared to -7.28% returned by SP500 index in Oct 2018. AMCX had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.

Innovation distinguishes between a leader and a follower.
-- Steve Jobs

AMCX is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in AMCX's volatility from 14 Sep, 2018 to 5 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 14 Sep, 2018 to 29 Oct, 2018.

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

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

Based on your interest in AMCX you may find it interesting to know that BURL and HQY are both small caps that have shown remarkable performance and deserve to be on every investors' watchlist.

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