CAL-MAINE FOODS INC was among the worst performers on Friday. It fell by -1.93% to close at 43.66. It is currently trading -15% below it's 52 week high of 51.55.
CALM is currently in a bearish trend. Over the last three months 2 bearish signals have generated a profit of +6.25% for investors.
CALM has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 3 Mar, 2016 to 2 Oct, 2018. Over the last 2 years 11 months and 3 days, CALM underperformed the SP500 index on 47% days. Which indicates that on days CALM underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
CALM returned losses on 54% days in the last three months. During this time, it delivered on average -0.22% per day. It delivered it's worst daily return of -6.83%, during this period, on Monday, 1 Oct, 2018. The longest stort-term trend during this period was 5 losing days, which started on 21 Sep, 2018 and ended on 27 Sep, 2018. This bearish trend lost -5.19% of investor capital.
During the last year CALM had 5 profitable months and 7 loss making months. CALM returned profits in fewer months than SP500 index. CALM significantly outperformed SP500 index in Apr 2018, when it returned +12.47% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. CALM had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year. It is interesting to note that both CALM and SP500 index significantly outperform during months when quarterly/annual results are announced.
Happiness lies in the joy of achievement and the thrill of creative effort.
-- Franklin D. Roosevelt
CALM is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant fall in CALM's volatility from 2 Oct, 2018 to 19 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 CALM 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.
Investors trading in CALM derivatives at this moment can consider 'Covered Call' options strategy to receive better risk-adjusted returns.
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