141.57 -0.56 (-0.39%) Sell

Are you evaluating investing in ASR? Avoid as it has destroyed investor wealth

13 min read

SOUTHEAST AIRPORT GROUP (Foreign) has destroyed investor wealth on Tuesday. It lost -0.39% to close at 141.57. It is currently trading -32% below it's 52 week high of 208.41.

[Themes containing ASR]

ASR showed a strong down trend over the last 3 months. During this period ASR lost -29.68% and saw a maximum drawdown of -37.35%. There was a short signal during this period which returned +26.04%.


ASR has been underperforming the SP500 index in recent time, after having outperformed till 20 Jul, 2017. Over the last 2 years 11 months and 7 days, ASR underperformed the SP500 index on 49% days. Which indicates that on days ASR underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months ASR was mostly loss making and delivered on average -0.52% per day. It's best return during this period (of +6.79%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -8.12%) was on Thursday, 8 Nov, 2018. There was initially a bearish trend during this period which started on 6 Nov, 2018 and went on till 14 Nov, 2018. The trend delivered -24.51% losses to investors. This was followed by a bullish trend that started on 3 Dec, 2018 and ended on 10 Dec, 2018. This bullish trend delivered +5.97% to investors.

ASR had 6 profitable and 6 loss making months over the last year. During the last year, ASR underperformed SP500 index on monthly return basis. ASR was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -19.82% compared to -7.28% returned by SP500 index in Oct 2018. ASR 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 ASR and SP500 index significantly outperform during months when quarterly/annual results are announced.

"You don't want to have so much money going toward your mortgage every month that you can't enjoy life or take care of your other financial responsibilities.

ASR 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 surge in ASR's volatility from 21 Sep, 2018 to 9 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 14 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that ASR 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.

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

Based on your interest in ASR you may find it interesting to know that PFE is a large cap that has shown remarkable performance and deserves to be on every investors' watchlist.

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