CHATHAM LODGING TRUST significantly underperformed today. It lost -0.11% to close at 18.95. It's recent 5 day performance has been -0.26%, -1.96%, -0.72%, -2.25% and +3.79%.
CLDT showed a down trend over the last 3 months. During this period CLDT lost -9.72% and saw a maximum drawdown of -9.72%. There were 2 short signals during this period that returned a cumulative of +6.33% to investors.
CLDT has been underperforming the SP500 index in recent time, after having outperformed till 25 Jul, 2016. Over the last 2 years 11 months and 9 days, CLDT underperformed the SP500 index on 48% days. Which indicates that on days CLDT underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
CLDT returned losses on 62% days in the last three months. During this time, it delivered on average -0.15% per day. It delivered it's worst daily return of -4.13%, during this period, on Tuesday, 4 Dec, 2018. There was initially a bearish trend during this period which started on 1 Oct, 2018 and went on till 5 Oct, 2018. The trend delivered -5.07% losses to investors. This was followed by a bullish trend that started on 5 Nov, 2018 and ended on 7 Nov, 2018. This bullish trend delivered +4.29% to investors.
CLDT had 6 profitable and 6 loss making months over the last year. During the last year, CLDT underperformed SP500 index on monthly return basis. CLDT was also a more risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -18.79% compared to -7.28% returned by SP500 index in Oct 2018. CLDT had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year.
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CLDT is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in CLDT's volatility from 18 Sep, 2018 to 12 Dec, 2018. While there was a significant surge in the SP500 index's volatility from 14 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that CLDT has significant positive skewness in it's return distribution. This indicates that investors can expect CLDT to recover from drawdowns quickly. Which makes CLDT a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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