CONSOL COAL RESOURCES LP has destroyed investor wealth today. It delivered -2.94% to close at 15.85. During the last week it delivered -7.85% and saw a maximum drawdown of -9.22% before bouncing back.
CCR is currently in a bearish trend. The current bearish signal has generated a profit of +6.32% for investors in the last three months.
CCR has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 21 Mar, 2016 to 15 Nov, 2016. Over the last 2 years 11 months and 14 days, CCR outperformed the SP500 index on 50% days. Which indicates that on days CCR outperforms the SP500 index, it's performance is marginally better than on the days it underperforms the SP500 index.
During the last three months CCR delivered profits on 52% days. However, it still managed to end this period in a loss. It's best return during this period (of +6.12%) was on Tuesday, 9 Oct, 2018. While it's worst loss in the same period (of -7.05%) was on Monday, 8 Oct, 2018. The longest stort-term trend during this period was 7 losing days, which started on 6 Nov, 2018 and ended on 14 Nov, 2018. This bearish trend lost -12.43% of investor capital.
The last 12 months saw CCR's investors making profits in 5 months and incurring losses in 7 months. CCR was less consistent in delivering monthly returs than SP500 index. CCR was also a more risky investment than SP500 index as it's worst month in the last year, Nov 2018, returned -12.25% compared to -7.75% returned by SP500 index in Dec 2018. CCR had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Jan 2018 to Mar 2018) during which period it delivered -12.51%. It is interesting to note that both CCR and SP500 index significantly outperform during months when quarterly/annual results are announced.
Minimizing downside risk while maximizing the upside is a powerful concept.
-- Mohnish Pabrai
CCR 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 surge in CCR's volatility from 28 Sep, 2018 to 26 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that CCR 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.
Based on your interest in CCR you may find it interesting to know that AYTU has shown remarkable performance and deserves to be on every investors' watchlist.
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