53.0 -0.53 (-1.01%) Sell

Are you evaluating investing in CLH? Avoid as it delivered massive losses

13 min read

CLEAN HARBORS INC delivered massive losses on Tuesday. It lost -1.01% to close at 53.0. It is currently trading -26% below it's 52 week high of 72.03.

[Themes containing CLH]

CLH showed a strong down trend over the last 3 months. During this period CLH lost -24.31% and saw a maximum drawdown of -26.34%. There were 2 short signals during this period that returned a cumulative of +13.95% to investors.


CLH has been underperforming the SP500 index in recent time, after having outperformed till 7 Sep, 2018. Over the last 2 years 11 months and 14 days, CLH underperformed the SP500 index on 50% days. Which indicates that on days CLH underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

CLH returned losses on 58% days in the last three months. During this time, it delivered on average -0.42% per day. It delivered it's best daily return of +6.96%, during this period, on Wednesday, 31 Oct, 2018. There was initially a bullish trend during this period which started on 12 Oct, 2018 and went on till 16 Oct, 2018. The bullish trend returned +2.18% to investors. This was followed by a bearish trend that started on 17 Oct, 2018 and ended on 29 Oct, 2018. This bearish trend lost -7.7% of investor capital.

CLH had 6 profitable and 6 loss making months over the last year. During the last year, CLH underperformed SP500 index on monthly return basis. CLH significantly outperformed SP500 index in Aug 2018, when it returned +20.48% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. CLH had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year.

"All intelligent investing is value investing - acquiring more that you are paying for. You must value the business in order to value the stock.

CLH 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 CLH's volatility from 24 Sep, 2018 to 1 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that CLH has significant positive skewness in it's return distribution. This indicates that investors can expect CLH to recover from drawdowns quickly. Which makes CLH a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

On a general note (since you are interested in CLH), RGSE has performed really well and deserves to be closely tracked for investment opportunities.

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