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%.
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.
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.
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