AMERICAN TOWER CORP showed weakness today. It fell by -0.12% to close at 166.6. During the last week it increased by +0.25% and saw a maximum drawdown of -1.19% before bouncing back.
AMT is currently in a bullish trend. Over the last three months 2 bullish signals in AMT have generated a profit of +9.57% for investors.
AMT has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 7 Feb, 2017 to 14 Dec, 2018. One must note that AMT is currently at it's peak outperformance to the SP500 index which makes it a good investment candidate. Over the last 2 years 11 months and 10 days, AMT outperformed the SP500 index on 53% days.
During the last three months AMT was mostly profitable and delivered on average +0.2% per day. It's best return during this period (of +5.32%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -3.36%) was on Tuesday, 20 Nov, 2018. The longest stort-term trend during this period was 8 profitable days, which started on 5 Nov, 2018 and went on till 14 Nov, 2018. This bullish trend returned +7.26% to investors.
During the last year AMT had 9 profitable months and 3 loss making months. AMT returned profits in more months than SP500 index. AMT significantly outperformed SP500 index in Oct 2018, when it returned +8.18% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. AMT had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year. It is interesting to note that both AMT and SP500 index significantly outperform during months when quarterly/annual results are announced.
My old father used to have a saying: If you make a bad bargain, hug it all the tighter.
-- Abraham Lincoln
AMT 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 AMT's volatility from 19 Sep, 2018 to 31 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that AMT has significant positive skewness in it's return distribution. This indicates that investors can expect AMT to recover from drawdowns quickly. Which makes AMT a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
Investors trading in AMT derivatives at this moment can consider 'Covered Call' options strategy to receive better risk-adjusted returns.
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