APTIV PLC significantly underperformed on Friday. It fell by -3.98% to close at 67.09. On a day when the overall market breadth was 35%, it closed higher than 9% of the market. In comparison, the benchmark SP500 index closed today at -0.0233%.
APTV is currently in a bearish trend. The current bearish signal has generated a profit of +21.55% for investors in the last three months.
APTV has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 4 Jan, 2016 to 9 Oct, 2018. Over the last 2 years 11 months and 3 days, APTV underperformed the SP500 index on 50% days. Which indicates that on days APTV underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
APTV returned losses on 54% days in the last three months. During this time, it delivered on average -0.36% per day. It delivered it's worst daily return of -4.61%, during this period, on Friday, 5 Oct, 2018. The longest stort-term trend during this period was 5 losing days, which started on 24 Sep, 2018 and ended on 28 Sep, 2018. This bearish trend lost -7.22% of investor capital.
During the last year APTV had 4 profitable months and 8 loss making months. APTV returned profits in fewer months than SP500 index. APTV significantly outperformed SP500 index in May 2018, when it returned +15.28% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. APTV had a longer winning streak of losing months than SP500 index. It went down in 5 straight months (from Aug 2018 to Dec 2018) during which period it delivered -36.67%. It is interesting to note that both APTV and SP500 index significantly outperform during months when quarterly/annual results are announced.
Many folks think they aren't good at earning money, when what they don't know is how to use it.
-- Frank A. Clark
APTV 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 APTV's volatility from 10 Sep, 2018 to 30 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 APTV has significant positive skewness in it's return distribution. This indicates that investors can expect APTV to recover from drawdowns quickly. Which makes APTV a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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