AWR outperformed today. On a longer term basis, investors in AMERICAN STATES WATER CO made -0.05% per day. Friday's performance of +0.82% was a outperformance compared to it's daily average.
AWR showed a strong bullish trend over the last 3 months. During this period AWR surged by +14.01% . There were 2 long signals during this period that returned a cumulative of +4.1% to investors.
AWR has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 9 Mar, 2017 to 14 Dec, 2018. One must note that AWR is currently at it's peak outperformance to the SP500 index which makes it a good investment candidate. Over the last 2 years 11 months and 10 days, AWR outperformed the SP500 index on 55% days.
AWR was profitable on 60% days in the last three months. During this time, it delivered on average +0.22% per day. It delivered it's best daily return of +3.29%, during this period, on Tuesday, 6 Nov, 2018. The longest stort-term trend during this period was 7 profitable days, which started on 6 Dec, 2018 and went on till 14 Dec, 2018. This bullish trend returned +5.01% to investors.
During the last year AWR had 9 profitable months and 3 loss making months. AWR returned profits in more months than SP500 index. AWR significantly outperformed SP500 index in Nov 2018, when it returned +9.57% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. AWR had a longer winning streak of profitable months than SP500 index. It went up in 9 straight months (from Apr 2018 to Dec 2018) during which period it delivered +30.5%. It is interesting to note that both AWR and SP500 index significantly outperform during months when quarterly/annual results are announced.
Happiness lies in the joy of achievement and the thrill of creative effort.
-- Franklin D. Roosevelt
AWR 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 AWR's volatility from 17 Sep, 2018 to 4 Dec, 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 AWR has significant positive skewness in it's return distribution. This indicates that investors can expect AWR to recover from drawdowns quickly. Which makes AWR a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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