165.08 +1.25 (+0.76%) Buy

CLX continues to mint money for it's investors

13 min read

CLOROX CO outperformed the broader market today. It increased by +0.76% to close at 165.08. During the last week it increased by +0.05% and saw a maximum drawdown of -1.38% before bouncing back.

[Themes containing CLX]

CLX is currently in a bullish trend. Over the last three months 2 bullish signals in CLX have generated a profit of +1.63% for investors.


CLX has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 9 Feb, 2016 to 18 May, 2018. Over the last 2 years 11 months and 9 days, CLX outperformed the SP500 index on 53% days.

During the last three months CLX was mostly profitable and delivered on average +0.15% per day. It's best return during this period (of +3.56%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -3.64%) was on Thursday, 11 Oct, 2018. The longest stort-term trend during this period was 5 profitable days, which started on 1 Nov, 2018 and went on till 7 Nov, 2018. This bullish trend returned +6.75% to investors.

The last 12 months saw CLX's investors making profits in 7 months and incurring losses in 5 months. CLX was less consistent in delivering monthly returs than SP500 index. CLX significantly outperformed SP500 index in Jun 2018, when it returned +11.93% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. CLX had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year.

I think that stocks have been this tremendous, tremendous equalizer for people in this country. Guys who can't make a lot of money at their jobs have been able to make a lot of money in the stock market.
-- Jim Cramer

CLX is currently seeing overall fall in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in CLX's volatility from 1 Oct, 2018 to 1 Nov, 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 CLX has significant positive skewness in it's return distribution. This indicates that investors can expect CLX to recover from drawdowns quickly. Which makes CLX a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

Investors trading in CLX derivatives at this moment can consider 'Covered Call' options strategy to receive better risk-adjusted returns.

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

On a general note (since you are interested in CLX), if you are evaluating CLX as an investment candidate, then you should read about CFFN which has delivered similar performance and can help diversify your portfolio.

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