CORPORATE CAPITAL TRUST, INC. has destroyed investor wealth on Friday. It fell by -3.04% to close at 13.38 which is it's 52 week low, down -22% from it's 52 week high.
CCT is currently in a bearish trend. The current bearish signal has generated a profit of +16.58% for investors in the last three months.
CCT has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 8 Dec, 2017 to 3 Dec, 2018. Over the last 1 year and 1 month, CCT underperformed the SP500 index on 53% days.
During the last three months CCT was mostly loss making and delivered on average -0.28% per day. It's best return during this period (of +3.67%) was on Monday, 5 Nov, 2018. While it's worst loss in the same period (of -3.04%) was on Friday, 14 Dec, 2018. The longest stort-term trend during this period was 6 losing days, which started on 11 Oct, 2018 and ended on 18 Oct, 2018. This bearish trend lost -4.41% of investor capital.
During the last year CCT had 4 profitable months and 8 loss making months. CCT returned profits in fewer months than SP500 index. CCT significantly outperformed SP500 index in Mar 2018, when it returned +8.96% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. CCT had a longer winning streak of losing months than SP500 index. It went down in 5 straight months (from Aug 2018 to Dec 2018) during which period it delivered -23.12%. It is interesting to note that both CCT and SP500 index significantly outperform during months when quarterly/annual results are announced.
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CCT is currently seeing overall fall in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in CCT's volatility from 17 Sep, 2018 to 6 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that CCT has significant negative skewness in it's return distribution. This indicates that CCT is very risky for short-term investment and can significantly underperform for long durations.
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