ABRAXAS PETROLEUM CORP

1.55 -0.01 (-0.64%) Sell

AXAS investors incur serious losses

13 min read

ABRAXAS PETROLEUM CORP has destroyed investor wealth on Friday. It delivered -0.64% to close at 1.55 which is it's 52 week low, down -52% from it's 52 week high.

[Themes containing AXAS]

AXAS is currently in a bearish trend. Over the last three months 2 bearish signals have generated a profit of +8.74% for investors.

Trend

AXAS has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 19 Jan, 2016 to 21 May, 2018. Over the last 2 years 11 months and 3 days, AXAS outperformed the SP500 index on 50% days. Which indicates that on days AXAS outperforms the SP500 index, it's performance is marginally better than on the days it underperforms the SP500 index.

AXAS returned losses on 61% days in the last three months. During this time, it delivered on average -0.47% per day. It delivered it's best daily return of +12.88%, during this period, on Monday, 3 Dec, 2018. The longest stort-term trend during this period was 4 profitable days, which started on 5 Nov, 2018 and went on till 8 Nov, 2018. This bullish trend returned +2.23% to investors.

The last 12 months saw AXAS's investors making profits in 4 months and incurring losses in 8 months. AXAS was less consistent in delivering monthly returs than SP500 index. AXAS significantly outperformed SP500 index in Apr 2018, when it returned +30.59% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. AXAS had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Oct 2018 to Dec 2018) during which period it delivered -39.65%.

What we really want to do is what we are really meant to do. When we do what we are meant to do, money comes to us, doors open for us, we feel useful, and the work we do feels like play to us.
-- Julia Cameron

AXAS 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 AXAS's volatility from 10 Sep, 2018 to 20 Nov, 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 AXAS 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.

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

Based on your interest in AXAS 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.

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
Following
Symbol Price {{retType}} | Tr.
{{detail.symbol}} {{detail.close}} {{detail.priceChange}}  {{detail.pctChange}}%  {{detail.name}} {{detail.trend}} 
 
If you liked what you read here ...

... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.

All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.

We want to empower investors with all the tools and analysis required by them to make a rational investment decision.

If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute
Share with friends   WhatsApp   Facebook   Twitter