CANNAE HOLDINGS, INC.

17.03 -0.03 (-0.18%) Sell

CNNE continues its fall as more investors loose confidence

13 min read

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%.

[Themes containing CNNE]

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.

Trend

CNNE has been outperforming the SP500 index in recent time. Over the last 1 year and 1 month, CNNE underperformed the SP500 index on 53% days.

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.

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

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.

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