CANADIAN NATURAL RESOURCES LTD (Foreign) was among the worst performers today. It lost -0.68% to close at 26.44. It's recent 5 day performance has been +2.42%, -3.17%, -0.33%, +2.08% and -2.4%.
CNQ showed a strong down trend over the last 3 months. During this period CNQ lost -16.78% and saw a maximum drawdown of -27.49%. There were 3 short signals during this period that returned a cumulative of +2.7% to investors.
During the last three months CNQ was mostly loss making and delivered on average -0.26% per day. It's best return during this period (of +10.1%) was on Monday, 3 Dec, 2018. While it's worst loss in the same period (of -6.28%) was on Friday, 23 Nov, 2018. There was initially a bullish trend during this period which started on 18 Sep, 2018 and went on till 19 Sep, 2018. The bullish trend returned +3.97% to investors. This was followed by a bearish trend that started on 4 Oct, 2018 and ended on 15 Oct, 2018. This bearish trend lost -13.21% of investor capital.
CNQ had 5 profitable and 7 loss making months over the last year. During the last year, CNQ underperformed SP500 index on monthly return basis. CNQ was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -18.71% compared to -7.28% returned by SP500 index in Oct 2018. CNQ had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Aug 2018 to Nov 2018) during which period it delivered -37.81%. It is interesting to note that both CNQ and SP500 index significantly outperform during months when quarterly/annual results are announced.
"Cash combined with courage in a time of crisis is priceless.
CNQ 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 CNQ's volatility from 14 Sep, 2018 to 11 Dec, 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 CNQ 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.
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