BUCKEYE PARTNERS, L.P. outperformed on Friday. It surged by +0.92% to close at 29.65. It is currently trading -47% below it's 52 week high of 56.92.
BPL showed a strong bearish trend over the last 3 months. During this period BPL fell by -20.27% and saw a maximum drawdown of -23.89%. There was a short signal during this period which returned +14.11%.
BPL has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 23 May, 2016 to 3 Dec, 2018. Over the last 2 years 11 months and 3 days, BPL underperformed the SP500 index on 52% days.
BPL returned losses on 66% days in the last three months. During this time, it delivered on average -0.34% per day. It delivered it's worst daily return of -4.16%, during this period, on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 9 losing days, which started on 14 Sep, 2018 and ended on 26 Sep, 2018. This bearish trend lost -7.66% of investor capital.
During the last year BPL had 5 profitable months and 7 loss making months. BPL returned profits in fewer months than SP500 index. BPL was also a more risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -16.91% compared to -7.28% returned by SP500 index in Oct 2018. BPL had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from May 2018 to Jul 2018) during which period it delivered -15.97%. It is interesting to note that both BPL and SP500 index significantly outperform during months when quarterly/annual results are announced.
If you totally want to reduce risk, take no risk. Bury the money. Then you've got no risk at all.
-- Don Connelly
BPL 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 BPL's volatility from 10 Sep, 2018 to 5 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 BPL has significant negative skewness in it's return distribution. This indicates that BPL is very risky for short-term investment and can significantly underperform for long durations.
Based on your interest in BPL you may find it interesting to know that AAXN is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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