CONTINENTAL RESOURCES, INC significantly underperformed today. It lost -2.43% to close at 45.77. During the last week it grew by +0.33% and saw a maximum drawdown of -2.43% before bouncing back.
CLR is currently in a down trend. Over the last three months 2 bearish signals have generated a profit of +10.9% for investors.
During the last three months CLR was mostly loss making and delivered on average -0.39% per day. It's best return during this period (of +7.59%) was on Monday, 3 Dec, 2018. While it's worst loss in the same period (of -6.42%) was on Wednesday, 10 Oct, 2018. There was initially a bullish trend during this period which started on 27 Sep, 2018 and went on till 3 Oct, 2018. The bullish trend returned +7.25% to investors. This was followed by a bearish trend that started on 4 Oct, 2018 and ended on 11 Oct, 2018. This bearish trend lost -19.03% of investor capital.
CLR had 8 profitable and 4 loss making months over the last year. During the last year, number of profitable months of CLR and SP500 index were the same. CLR was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -25.19% compared to -7.28% returned by SP500 index in Oct 2018. CLR 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 CLR and SP500 index significantly outperform during months when quarterly/annual results are announced.
The stock market is a discounter of all known information.
-- Kenneth Fisher
CLR 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 CLR's volatility from 17 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 CLR 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.
Investors trading in CLR derivatives at this moment can consider 'Long Straddle' options strategy to receive better risk-adjusted returns.
... 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