CITIZENS FINANCIAL GROUP INC

33.01 -0.75 (-2.28%) Sell

CFG is a falling knife, continues to bleed every investor trying to catch it

13 min read

CITIZENS FINANCIAL GROUP INC has destroyed investor wealth on Friday. It fell by -2.28% to close at 33.01. On a day when the overall market breadth was 35%, it closed higher than 8% of the market. In comparison, the benchmark SP500 index closed today at -0.0233%.

[Themes containing CFG]

CFG is currently in a bearish trend. The current bearish signal has generated a profit of +17.0% for investors in the last three months.

Trend

CFG has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 6 Jul, 2016 to 21 Feb, 2018. Over the last 2 years 11 months and 3 days, CFG underperformed the SP500 index on 49% days. Which indicates that on days CFG underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months CFG was mostly loss making and delivered on average -0.32% per day. It's best return during this period (of +4.15%) was on Friday, 19 Oct, 2018. While it's worst loss in the same period (of -5.77%) was on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 9 profitable days, which started on 29 Oct, 2018 and went on till 8 Nov, 2018. This bullish trend returned +6.64% to investors.

During the last year CFG had 4 profitable months and 8 loss making months. CFG returned profits in fewer months than SP500 index. CFG was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -9.21% compared to -7.28% returned by SP500 index in Oct 2018. CFG had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Sep 2018 to Dec 2018) during which period it delivered -20.78%. It is interesting to note that both CFG and SP500 index significantly outperform during months when quarterly/annual results are announced.

"We need real campaign finance reform to loosen the grip of special interests on politics.

CFG 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 CFG's volatility from 10 Sep, 2018 to 23 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 CFG has significant positive skewness in it's return distribution. This indicates that investors can expect CFG to recover from drawdowns quickly. Which makes CFG a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

Based on your interest in CFG you may find it interesting to know that OPNT and IMTE are highly volatile and therefore risky. Investors should consider limiting their exposure to these instruments (because of their volatile nature).

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
Following
Symbol Price {{retType}} | Tr.
{{detail.symbol}} {{detail.close}} {{detail.priceChange}}  {{detail.pctChange}}%  {{detail.name}} {{detail.trend}} 
 
If you liked what you read here ...

... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.

All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.

We want to empower investors with all the tools and analysis required by them to make a rational investment decision.

If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute
Share with friends   WhatsApp   Facebook   Twitter