ARRIS INTERNATIONAL PLC was among the worst performers on Friday. It lost -0.68% to close at 30.77. On a day when the overall market breadth was 35%, it closed higher than 11% of the market. In comparison, the benchmark SP500 index closed today at -0.0233%.
Buy-and-Hold investors in ARRS experienced a maximum drawdown of -15.39% over the last three months. It returned +18.8% during this strong up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals. The net profit from Long signals was +10.72%.
During the last three months ARRS was mostly profitable and delivered on average +0.3% per day. It's best return during this period (of +11.29%) was on Wednesday, 7 Nov, 2018. While it's worst loss in the same period (of -3.22%) was on Tuesday, 23 Oct, 2018. There was initially a bullish trend during this period which started on 10 Sep, 2018 and went on till 14 Sep, 2018. The bullish trend returned +2.83% to investors. This was followed by a bearish trend that started on 4 Oct, 2018 and ended on 11 Oct, 2018. This bearish trend lost -12.03% of investor capital.
ARRS had 7 profitable and 5 loss making months over the last year. During the last year, ARRS underperformed SP500 index on monthly return basis. ARRS significantly outperformed SP500 index in Nov 2018, when it returned +24.25% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. ARRS had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.
Empty pockets never held anyone back. Only empty heads and empty hearts can do that.
-- Norman Vincent Peale
ARRS 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 fall in ARRS's volatility from 24 Oct, 2018 to 7 Dec, 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 ARRS has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.
All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.
We want to empower investors with all the tools and analysis required by them to make a rational investment decision.If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute