15.06 +0.35 (+2.31%) Buy

Sun shines over BVN investors as it outperforms

13 min read

BVN outperformed the broader market today. On a longer term basis, investors in BUENAVENTURA MINING CO INC (Foreign) made -0.01% per day. Friday's performance of +2.31% was a outperformance compared to it's daily average.

[Themes containing BVN]

Buy-and-Hold investors in BVN experienced a maximum drawdown of -8.23% over the last three months. It increased by +22.74% during this strong bullish trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals. The net profit from Long signals was +12.3%.


BVN has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 19 Jan, 2016 to 18 Aug, 2016. Over the last 2 years 11 months and 3 days, BVN outperformed the SP500 index on 51% days.

During the last three months BVN was mostly profitable and delivered on average +0.34% per day. It's best return during this period (of +5.17%) was on Wednesday, 12 Sep, 2018. While it's worst loss in the same period (of -4.57%) was on Monday, 17 Sep, 2018. The longest stort-term trend during this period was 7 profitable days, which started on 28 Nov, 2018 and went on till 7 Dec, 2018. This bullish trend returned +10.24% to investors.

During the last year BVN had 8 profitable months and 4 loss making months. Profitable number of months of BVN and SP500 index were the same. BVN was also a more risky investment than SP500 index as it's worst month in the last year, Jun 2018, returned -11.89% compared to -7.28% returned by SP500 index in Oct 2018. BVN had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year. It is interesting to note that both BVN and SP500 index significantly outperform during months when quarterly/annual results are announced.

It's not the situation, but whether we react (negative) or respond (positive) to the situation that's important.
-- Zig Ziglar

BVN 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 BVN's volatility from 10 Sep, 2018 to 12 Sep, 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 BVN has significant negative skewness in it's return distribution. This indicates that BVN is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in BVN you may find it interesting to know that IMTE is highly volatile and investors investing in it must take extreme caution. Consider either reducing your exposure to IMTE or sufficiently diversifying your portfolio.

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