CROWN HOLDINGS INC

48.0 -0.03 (-0.06%) Sell

CCK continues its fall as more investors loose confidence

13 min read

CROWN HOLDINGS INC underperformed on Friday. It lost -0.06% to close at 48.0. On a day when the overall market breadth was 35%, it closed higher than 66% of the market. In comparison, the benchmark SP500 index closed today at -0.0233%.

[Themes containing CCK]

CCK showed a up trend over the last 3 months. During this period CCK gained +8.57% and saw a maximum drawdown of -17.17%. There were 3 long signals during this period that returned a cumulative of +2.96% to investors.

Trend

CCK has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 3 days, CCK underperformed the SP500 index on 48% days. Which indicates that on days CCK underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

CCK was profitable on 55% days in the last three months. During this time, it delivered on average +0.15% per day. It delivered it's best daily return of +5.15%, during this period, on Thursday, 1 Nov, 2018. There was initially a bullish trend during this period which started on 12 Sep, 2018 and went on till 21 Sep, 2018. The bullish trend returned +10.01% to investors. This was followed by a bearish trend that started on 17 Oct, 2018 and ended on 29 Oct, 2018. This bearish trend lost -14.5% of investor capital.

CCK had 6 profitable and 6 loss making months over the last year. During the last year, CCK underperformed SP500 index on monthly return basis. CCK significantly outperformed SP500 index in Nov 2018, when it returned +21.26% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. CCK had a shorter streak of profitable months than SP500 index. It only went up in 2 straight months during the last year. It is interesting to note that both CCK and SP500 index significantly outperform during months when quarterly/annual results are announced.

Your investment belongs to the market and your profits belong to you.
-- Vijay Kedia

CCK is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in CCK's volatility from 13 Sep, 2018 to 24 Oct, 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 CCK 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.

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

On a general note (since you are interested in CCK), two small cap instruments that deserve special mention are BURL and ZBRA. They have significantly outperformed the overall market.

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