COEUR MINING, INC. delivered stellar performance on Monday. It gained +14.4% to close at 4.37. It is currently trading -50% below it's 52 week high of 8.81.
CDE showed a strong down trend over the last 3 months. During this period CDE lost -22.79% and saw a maximum drawdown of -34.48%. There were 3 short signals during this period that returned a cumulative of +2.38% to investors.
CDE returned losses on 58% days in the last three months. During this time, it delivered on average -0.34% per day. It delivered it's best daily return of +14.4%, during this period, on Monday, 17 Dec, 2018. There was initially a bullish trend during this period which started on 18 Sep, 2018 and went on till 20 Sep, 2018. The bullish trend returned +1.58% to investors. This was followed by a bearish trend that started on 18 Oct, 2018 and ended on 29 Oct, 2018. This bearish trend lost -19.29% of investor capital.
CDE had 3 profitable and 9 loss making months over the last year. During the last year, CDE underperformed SP500 index on monthly return basis. CDE was also a more risky investment than SP500 index as it's worst month in the last year, Aug 2018, returned -18.86% compared to -7.28% returned by SP500 index in Oct 2018. CDE had a longer winning streak of losing months than SP500 index. It went down in 7 straight months (from Jun 2018 to Dec 2018) during which period it delivered -67.35%.
Traditionally, the sample is always better than the stock you deliver to the store.
-- Calvin Klein
CDE 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 CDE's volatility from 19 Sep, 2018 to 2 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 CDE has significant negative skewness in it's return distribution. This indicates that CDE is very risky for short-term investment and can significantly underperform for long durations.
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