BLACKROCK CAPITAL INVESTMENT CORP has destroyed investor wealth today. It delivered -1.22% to close at 5.68. It's recent 5 day performance has been +0.88%, -0.35%, -1.55%, +0.52% and 0.0%.
BKCC is currently in a bearish trend. Over the last three months 2 bearish signals have generated a profit of +2.73% for investors.
BKCC has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 7 Jan, 2016 to 1 Oct, 2018. Over the last 2 years 11 months and 10 days, BKCC underperformed the SP500 index on 53% days.
BKCC returned losses on 66% days in the last three months. During this time, it delivered on average -0.08% per day. It delivered it's best daily return of +5.76%, during this period, on Thursday, 1 Nov, 2018. The longest stort-term trend during this period was 4 losing days, which started on 10 Oct, 2018 and ended on 15 Oct, 2018. This bearish trend lost -3.74% of investor capital.
The last 12 months saw BKCC's investors making profits in 5 months and incurring losses in 7 months. BKCC was less consistent in delivering monthly returs than SP500 index. BKCC significantly outperformed SP500 index in Mar 2018, when it returned +9.44% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. BKCC had a shorter streak of profitable months than SP500 index. It only went up in 2 straight months during the last year. It is interesting to note that both BKCC and SP500 index significantly outperform during months when quarterly/annual results are announced.
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BKCC 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 BKCC's volatility from 1 Oct, 2018 to 7 Nov, 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 BKCC has significant positive skewness in it's return distribution. This indicates that investors can expect BKCC to recover from drawdowns quickly. Which makes BKCC a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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