ARTESIAN RESOURCES CORP

37.46 +0.34 (+0.92%) Sell

ARTNA does a dead cat bounce, it's still too early to buy into it

13 min read

ARTNA ranked among the best performers today. On a longer term basis, investors in ARTESIAN RESOURCES CORP made +0.05% per day. Friday's performance of +0.92% was a outperformance compared to it's daily average.

[Themes containing ARTNA]

Buy-and-Hold investors in ARTNA experienced a maximum drawdown of -10.49% over the last three months. It delivered +2.6% during this bullish trending period. There were no long signals during this period. However, the short signal was not profitable and lost investors -2.6%.

Trend

ARTNA has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 16 Jun, 2017 to 5 Oct, 2018. Over the last 2 years 11 months and 10 days, ARTNA outperformed the SP500 index on 50% days. Which indicates that on days ARTNA outperforms the SP500 index, it's performance is marginally better than on the days it underperforms the SP500 index.

During the last three months ARTNA was mostly profitable and delivered on average +0.06% per day. It's best return during this period (of +8.29%) was on Monday, 8 Oct, 2018. While it's worst loss in the same period (of -4.33%) was on Thursday, 4 Oct, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 4 Dec, 2018 and went on till 12 Dec, 2018. This bullish trend returned +5.41% to investors.

During the last year ARTNA had 6 profitable months and 6 loss making months. ARTNA returned profits in fewer months than SP500 index. ARTNA was also a more risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -11.0% compared to -7.28% returned by SP500 index in Oct 2018. ARTNA had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.

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ARTNA 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 ARTNA's volatility from 17 Sep, 2018 to 8 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 ARTNA 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.

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

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

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