CANNAE HOLDINGS, INC. delivered lacklustre performance today. It returned -0.18% to close at 17.03. It's recent 5 day performance has been +0.12%, +0.24%, 0.0%, +1.49% and -1.76%.
CNNE is currently in a down trend. The current bearish signal has generated a profit of +12.89% for investors in the last three months.
CNNE returned losses on 56% days in the last three months. During this time, it delivered on average -0.34% per day. It delivered it's worst daily return of -5.75%, during this period, on Thursday, 8 Nov, 2018. There was initially a bearish trend during this period which started on 24 Sep, 2018 and went on till 26 Sep, 2018. The trend delivered -2.35% losses to investors. This was followed by a bullish trend that started on 10 Dec, 2018 and ended on 13 Dec, 2018. This bullish trend delivered +1.85% to investors.
On monthly basis, CNNE delivered profits and losses in equal number of months. CNNE delivered profits less regularly than SP500 index. CNNE significantly outperformed SP500 index in Apr 2018, when it returned +11.43% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. CNNE had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year. It is interesting to note that both CNNE and SP500 index significantly outperform during months when quarterly/annual results are announced.
"Of course, it is a little bit disingenuous to hint that hard work is the only thing you need to achieve success.
CNNE 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 CNNE's volatility from 2 Oct, 2018 to 9 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 CNNE has significant positive skewness in it's return distribution. This indicates that investors can expect CNNE to recover from drawdowns quickly. Which makes CNNE a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
On a general note (since you are interested in CNNE), if you are an investor in VIPS, you need to be extra careful (consider limiting your exposure or diversifying) as it is extremely unpredictable and therefore risky.
... 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