14.4 +0.17 (+1.19%) Sell

BRKL investors update their stop-losses higher

13 min read

BROOKLINE BANCORP INC ranked better than it's peers on Wednesday. It delivered +1.19% to close at 14.4. On a day when the overall market breadth was 35%, it closed higher than 11% of the market. In comparison, the benchmark SP500 index closed today at +0.54%.

[Themes containing BRKL]

Buy-and-Hold investors in BRKL experienced a maximum drawdown of -19.6% over the last three months. It delivered -17.0% during this strong bearish trending period. There were no long signals during this period, where the short signal generated good profits of +17.0% for investors.


BRKL has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 6 Jul, 2016 to 4 Jan, 2017. Over the last 2 years 11 months and 8 days, BRKL underperformed the SP500 index on 48% days. Which indicates that on days BRKL underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months BRKL was mostly loss making and delivered on average -0.28% per day. It's best return during this period (of +5.57%) was on Thursday, 25 Oct, 2018. While it's worst loss in the same period (of -6.81%) was on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 6 losing days, which started on 17 Oct, 2018 and ended on 24 Oct, 2018. This bearish trend lost -8.98% of investor capital.

The last 12 months saw BRKL's investors making profits in 5 months and incurring losses in 7 months. BRKL was less consistent in delivering monthly returs than SP500 index. BRKL significantly outperformed SP500 index in May 2018, when it returned +9.64% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. BRKL had a longer winning streak of losing months than SP500 index. It went down in 6 straight months (from Jul 2018 to Dec 2018) during which period it delivered -25.22%.

There is nothing wrong with changing a plan when the situation has changed.
-- Seneca

BRKL 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 BRKL's volatility from 13 Sep, 2018 to 17 Sep, 2018. While there was a significant surge in the SP500 index's volatility from 13 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that BRKL 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 BRKL. Therefore, SP500 must receive a lower allocation than BRKL in your portfolio. SP500 index usually has shorter drawdown period than BRKL.

Based on your interest in BRKL you may find it interesting to know that LULU, ABMD and TWTR are mid caps that have all shown remarkable performance and qualify to be on every investor's watchlist.

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