GLOBAL BRASS & COPPER HOLDINGS, INC.

28.02 +0.04 (+0.14%) Sell

BRSS investors considering profit booking at current levels

13 min read

GLOBAL BRASS & COPPER HOLDINGS, INC. ranked better than it's peers today. It delivered +0.14% to close at 28.02. It's recent 5 day performance has been +0.11%, -2.99%, +0.31%, -2.61% and -2.61%.

[Themes containing BRSS]

BRSS is currently in a bearish trend. Over the last three months 2 bearish signals have generated a profit of +16.22% for investors.

Trend

BRSS has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 14 Jan, 2016 to 7 Mar, 2017. Over the last 2 years 11 months and 9 days, BRSS outperformed the SP500 index on 48% days. Which indicates that on days BRSS outperforms the SP500 index, it's performance is marginally better than on the days it underperforms the SP500 index.

During the last three months BRSS was mostly loss making and delivered on average -0.42% per day. It's best return during this period (of +5.19%) was on Wednesday, 28 Nov, 2018. While it's worst loss in the same period (of -7.03%) was on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 4 losing days, which started on 8 Nov, 2018 and ended on 13 Nov, 2018. This bearish trend lost -4.03% of investor capital.

During the last year BRSS had 5 profitable months and 7 loss making months. BRSS returned profits in fewer months than SP500 index. BRSS significantly outperformed SP500 index in Mar 2018, when it returned +18.2% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. BRSS had a shorter streak of profitable months than SP500 index. It only went up in 2 straight months during the last year.

Empty pockets never held anyone back. Only empty heads and empty hearts can do that.
-- Norman Vincent Peale

BRSS 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 BRSS's volatility from 20 Sep, 2018 to 2 Nov, 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 BRSS has significant positive skewness in it's return distribution. This indicates that investors can expect BRSS to recover from drawdowns quickly. Which makes BRSS a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

On a general note (since you are interested in BRSS), two instruments that deserve special mention are APRN and AYTU. They have significantly outperformed the overall market.

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