61.64 -2.31 (-3.75%) Sell

ASGN investors looking to exit as part of sectoral rotation

13 min read

ASGN INC has destroyed investor wealth today. It delivered -3.75% to close at 61.64. During the last week it delivered -10.99% and saw a maximum drawdown of -11.33% before bouncing back.

[Themes containing ASGN]

Buy-and-Hold investors in ASGN experienced a maximum drawdown of -31.12% over the last three months. It delivered -28.07% during this strong bearish trending period. There were no long signals during this period, where the short signal generated good profits of +28.07% for investors.


ASGN has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 28 Oct, 2016 to 2 Aug, 2018. Over the last 2 years 11 months and 3 days, ASGN outperformed the SP500 index on 52% days.

ASGN returned losses on 64% days in the last three months. During this time, it delivered on average -0.49% per day. It delivered it's best daily return of +12.69%, during this period, on Thursday, 25 Oct, 2018. The longest stort-term trend during this period was 7 losing days, which started on 4 Oct, 2018 and ended on 12 Oct, 2018. This bearish trend lost -16.54% of investor capital.

The last 12 months saw ASGN's investors making profits in 7 months and incurring losses in 5 months. ASGN was less consistent in delivering monthly returs than SP500 index. ASGN significantly outperformed SP500 index in Jan 2018, when it returned +20.85% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. ASGN had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year. It is interesting to note that both ASGN and SP500 index significantly outperform during months when quarterly/annual results are announced.

"The most popular investing products are the worst ones for investors.

ASGN 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 ASGN's volatility from 26 Sep, 2018 to 29 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 ASGN has significant positive skewness in it's return distribution. This indicates that investors can expect ASGN to recover from drawdowns quickly. Which makes ASGN a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

Based on your interest in ASGN you may find it interesting to know that HEAR and I have both shown remarkable performance this year and deserve to be on every investors' watchlist.

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