13.48 -0.03 (-0.22%) Buy

Search for alternative investments is on for CIX investors as it underperforms

13 min read

COMPX INTERNATIONAL INC underperformed today. It delivered -0.22% to close at 13.48. It's recent 5 day performance has been -6.57%, +3.36%, -2.24%, -0.76% and -0.07%.

[Themes containing CIX]

CIX is currently in a bullish trend. The previous long signal in CIX has not been profitable for investors in general. If you are invested in CIX at current levels please make sure that your allocation is limited and that your portfolio is well diversified.


CIX has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 29 Dec, 2016 to 26 Jul, 2018. Over the last 2 years 11 months and 10 days, CIX underperformed the SP500 index on 48% days. Which indicates that on days CIX underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months CIX was mostly loss making and delivered on average -0.01% per day. It's best return during this period (of +11.19%) was on Friday, 30 Nov, 2018. While it's worst loss in the same period (of -6.57%) was on Thursday, 13 Dec, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 1 Nov, 2018 and went on till 8 Nov, 2018. This bullish trend returned +5.8% to investors.

The last 12 months saw CIX's investors making profits in 7 months and incurring losses in 5 months. CIX was less consistent in delivering monthly returs than SP500 index. CIX significantly outperformed SP500 index in Nov 2018, when it returned +14.26% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. CIX had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year. It is interesting to note that both CIX and SP500 index significantly outperform during months when quarterly/annual results are announced.

"Confronted with a challenge to distill the secret of sound investment into three words, we venture the motto, Margin of Safety.

CIX 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 CIX's volatility from 15 Nov, 2018 to 13 Dec, 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 CIX 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.

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

Based on your interest in CIX you may find it interesting to know that AFI and CKH have both performed similar to CIX and can be considered by investors as alternative investment options.

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