BOEING CO ranked among the best performers on Tuesday. It delivered +3.77% to close at 328.06. It is currently trading -16% below it's 52 week high of 392.3.
Buy-and-Hold investors in BA experienced a maximum drawdown of -20.39% over the last three months. It fell by -10.17% during this strong bearish trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +2.24%.
BA has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 16 Sep, 2016 to 3 Oct, 2018. Over the last 2 years 11 months and 14 days, BA outperformed the SP500 index on 54% days.
During the last three months BA was mostly loss making and delivered on average -0.15% per day. It's best return during this period (of +4.86%) was on Wednesday, 28 Nov, 2018. While it's worst loss in the same period (of -6.59%) was on Monday, 29 Oct, 2018. The longest stort-term trend during this period was 11 losing days, which started on 8 Nov, 2018 and ended on 23 Nov, 2018. This bearish trend lost -17.28% of investor capital.
During the last year BA had 6 profitable months and 6 loss making months. BA returned profits in fewer months than SP500 index. BA significantly outperformed SP500 index in Jan 2018, when it returned +19.38% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. BA 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 -14.85%. It is interesting to note that both BA and SP500 index significantly outperform during months when quarterly/annual results are announced.
"You have venture capitalists. We view them as experts who also help finance your company and give directions and also some pretty candid discussions about what you have to do better.
BA 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 BA's volatility from 27 Sep, 2018 to 20 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that BA has significant positive skewness in it's return distribution. This indicates that investors can expect BA to recover from drawdowns quickly. Which makes BA a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
Investors trading in BA derivatives at this moment can consider 'Covered Call' options strategy to receive better risk-adjusted returns.
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