BOX INC was among the worst performers on Thursday. It delivered -3.69% to close at 18.53. On a day when the overall market breadth was 35%, it closed higher than 78% of the market. In comparison, the benchmark SP500 index closed today at -0.0002%.
Buy-and-Hold investors in BOX experienced a maximum drawdown of -34.56% over the last three months. It delivered -25.1% 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 +22.04%.
BOX has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 8 Jul, 2016 to 20 Jun, 2018. Over the last 2 years 11 months and 9 days, BOX underperformed the SP500 index on 46% days. Which indicates that on days BOX underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
BOX returned losses on 56% days in the last three months. During this time, it delivered on average -0.41% per day. It delivered it's worst daily return of -6.93%, during this period, on Monday, 19 Nov, 2018. The longest stort-term trend during this period was 6 losing days, which started on 4 Oct, 2018 and ended on 11 Oct, 2018. This bearish trend lost -16.73% of investor capital.
The last 12 months saw BOX's investors making profits in 6 months and incurring losses in 6 months. BOX was less consistent in delivering monthly returs than SP500 index. BOX was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -20.04% compared to -7.28% returned by SP500 index in Oct 2018. BOX had a shorter streak of profitable months than SP500 index. It only went up in 2 straight months during the last year.
Here's my gift-giving rule: Respect your current financial situation.
-- Suze Orman
BOX 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 BOX's volatility from 14 Sep, 2018 to 29 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 14 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that BOX has significant positive skewness in it's return distribution. This indicates that investors can expect BOX to recover from drawdowns quickly. Which makes BOX a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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