CANON INC (Foreign) ranked among the worst performers today. It returned -0.33% to close at 27.44. During the last week it returned -2.07% and saw a maximum drawdown of -2.07%.
Buy-and-Hold investors in CAJ experienced a maximum drawdown of -14.44% over the last three months. It returned -9.94% during this down trending period. There were no long signals during this period, where the short signal generated good profits of +9.94% for investors.
CAJ has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 7 days, CAJ underperformed the SP500 index on 48% days. Which indicates that on days CAJ underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
CAJ returned losses on 61% days in the last three months. During this time, it delivered on average -0.16% per day. It delivered it's worst daily return of -4.25%, during this period, on Thursday, 25 Oct, 2018. There was initially a bullish trend during this period which started on 11 Oct, 2018 and went on till 16 Oct, 2018. The bullish trend returned +2.75% to investors. This was followed by a bearish trend that started on 22 Oct, 2018 and ended on 29 Oct, 2018. This bearish trend lost -11.56% of investor capital.
On monthly basis, CAJ delivered losses in more months over the last year, than profits. CAJ delivered profits less regularly than SP500 index. CAJ was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -11.91% compared to -7.28% returned by SP500 index in Oct 2018. CAJ had a longer winning streak of losing months than SP500 index. It went down in 5 straight months (from Feb 2018 to Jun 2018) during which period it delivered -18.79%. It is interesting to note that both CAJ and SP500 index significantly outperform during months when quarterly/annual results are announced.
Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.
-- Ayn Rand
CAJ is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in CAJ's volatility from 26 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 CAJ has significant positive skewness in it's return distribution. This indicates that investors can expect CAJ to recover from drawdowns quickly. Which makes CAJ a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
Based on your interest in CAJ you may find it interesting to know that TWTR is a mid cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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