Are you evaluating investing in CDE? Consider as it delivered stellar performance
17 Dec, 201813 min read
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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 has been underperforming the SP500 index in recent time, after having outperformed till 10 Aug, 2016. Over the last 2 years 11 months and 10 days, CDE outperformed the SP500 index on 51% days.
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.
CDE has more chance of extreme outcomes than the SP500 index. Therefore, CDE must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than CDE.
Based on your interest in CDE you may find it interesting to know that ZBRA, AAXN and KEYS are small caps that have all shown remarkable performance and qualify to be on every investor's watchlist.
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