BOJANGLES', INC.

16.04 0.0 (0.0%) Buy

BOJA investors doing a reality check

13 min read

BOJA trailed the broader market today. On a longer term basis, investors in BOJANGLES', INC. made -0.02% per day. Friday's performance of 0.0% was a significant outperformance compared to it's daily average.

[Themes containing BOJA]

Buy-and-Hold investors in BOJA experienced a maximum drawdown of -9.19% over the last three months. It grew by +18.38% during this strong up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals.

Trend

BOJA has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 10 days, BOJA underperformed the SP500 index on 50% days. Which indicates that on days BOJA underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months BOJA delivered losses on 51% days. However, it still managed to end this period in a profit. It's best return during this period (of +12.54%) was on Friday, 28 Sep, 2018. While it's worst loss in the same period (of -3.61%) was on Wednesday, 10 Oct, 2018. There was initially a bullish trend during this period which started on 24 Sep, 2018 and went on till 1 Oct, 2018. The bullish trend returned +22.03% to investors. This was followed by a bearish trend that started on 17 Oct, 2018 and ended on 24 Oct, 2018. This bearish trend lost -7.95% of investor capital.

BOJA had 8 profitable and 4 loss making months over the last year. During the last year, number of profitable months of BOJA and SP500 index were the same. BOJA significantly outperformed SP500 index in Aug 2018, when it returned +11.03% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. BOJA had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year.

Courage is being scared to death, but saddling up anyway.
-- John Wayne

BOJA is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant fall in BOJA's volatility from 28 Sep, 2018 to 26 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 BOJA 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.

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

On a general note (since you are interested in BOJA), three instruments that deserve special mention are AMRH, AYTU and NSPR. They have all outperformed the market and must be closely watched for investment opportunities.

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