46.72 +0.55 (+1.17%) Buy

CCE investors hold onto their investments as it marginally outperforms

13 min read

COCA-COLA EUROPEAN PARTNERS PLC (Foreign) performed better than the broader market on Tuesday. It returned +1.17% to close at 46.72 which is it's 52 week high.

[Themes containing CCE]

CCE is currently in a up trend. The current bullish signal has generated a profit of +3.02% for CCE's investors in the last three months.


CCE has been outperforming the SP500 index in recent time. Over the last 2 years 10 months and 2 days, CCE underperformed the SP500 index on 49% days. Which indicates that on days CCE underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months CCE was mostly profitable and delivered on average +0.08% per day. It's best return during this period (of +3.18%) was on Tuesday, 16 Oct, 2018. While it's worst loss in the same period (of -2.19%) was on Tuesday, 9 Oct, 2018. There was initially a bearish trend during this period which started on 8 Oct, 2018 and went on till 11 Oct, 2018. The trend delivered -4.25% losses to investors. This was followed by a bullish trend that started on 26 Oct, 2018 and ended on 6 Nov, 2018. This bullish trend delivered +7.11% to investors.

On monthly basis, CCE delivered profits in more months over the last year, than losses. CCE delivered profits less regularly than SP500 index. CCE significantly outperformed SP500 index in Mar 2018, when it returned +9.57% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. CCE had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year.

Don't always trust what you see. In a bull market even a duck looks like a swan.
-- Vijay Kedia

CCE 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 CCE's volatility from 20 Sep, 2018 to 31 Oct, 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 CCE has significant positive skewness in it's return distribution. This indicates that investors can expect CCE to recover from drawdowns quickly. Which makes CCE 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 CCE. Therefore, SP500 must receive a lower allocation than CCE in your portfolio. CCE usually has shorter drawdown period than the SP500 index.

On a general note (since you are interested in CCE), two mid cap instruments that deserve special mention are TWTR and ABMD. They have significantly outperformed the overall market.

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