AVIANCA HOLDINGS S.A. (Foreign) was among the worst performers today. It delivered -7.26% to close at 4.47. During the last week it delivered -10.91% and saw a maximum drawdown of -10.91%.
AVH is currently in a bearish trend. The current bearish signal has generated a profit of +14.08% for investors in the last three months.
AVH has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 15 Dec, 2016 to 13 Dec, 2018. One must note that AVH is currently at it's worst performance to the SP500 index which makes it a bad investment candidate. Over the last 2 years 11 months and 9 days, AVH underperformed the SP500 index on 51% days.
During the last three months AVH was mostly loss making and delivered on average -0.33% per day. It's best return during this period (of +7.72%) was on Monday, 3 Dec, 2018. While it's worst loss in the same period (of -8.24%) was on Monday, 10 Dec, 2018. The longest stort-term trend during this period was 7 losing days, which started on 19 Nov, 2018 and ended on 28 Nov, 2018. This bearish trend lost -11.84% of investor capital.
The last 12 months saw AVH's investors making profits in 4 months and incurring losses in 8 months. AVH was less consistent in delivering monthly returs than SP500 index. AVH was also a more risky investment than SP500 index as it's worst month in the last year, Aug 2018, returned -16.26% compared to -7.28% returned by SP500 index in Oct 2018. AVH had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Mar 2018 to Jun 2018) during which period it delivered -31.81%. It is interesting to note that both AVH and SP500 index significantly outperform during months when quarterly/annual results are announced.
Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.
-- Peter Lynch.
AVH 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 AVH's volatility from 22 Oct, 2018 to 11 Dec, 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 AVH has significant negative skewness in it's return distribution. This indicates that AVH is very risky for short-term investment and can significantly underperform for long durations.
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