CYRUSONE INC.

59.17 +1.09 (+1.84%) Buy

Are you evaluating investing in CONE? Consider as it delivered stellar performance

13 min read

CYRUSONE INC. delivered stellar performance on Thursday. It gained +1.84% to close at 59.17. On a day when the overall market breadth was 35%, it closed higher than 8% of the market. In comparison, the benchmark SP500 index closed today at -0.0002%.

[Themes containing CONE]

CONE showed a strong down trend over the last 3 months. During this period CONE lost -13.27% and saw a maximum drawdown of -24.12%. There was a short signal during this period which returned +11.74%.

Trend

CONE has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 9 days, CONE outperformed the SP500 index on 54% days.

CONE was profitable on 50% days in the last three months. During this time, it delivered on average -0.21% per day. It delivered it's worst daily return of -8.86%, during this period, on Friday, 26 Oct, 2018. There was initially a bearish trend during this period which started on 25 Oct, 2018 and went on till 31 Oct, 2018. The trend delivered -14.98% losses to investors. This was followed by a bullish trend that started on 28 Nov, 2018 and ended on 3 Dec, 2018. This bullish trend delivered +5.33% to investors.

CONE had 8 profitable and 4 loss making months over the last year. During the last year, number of profitable months of CONE and SP500 index were the same. CONE was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -16.31% compared to -7.28% returned by SP500 index in Oct 2018. CONE and SP500 index, both had periods of 6 consecutive profitable months.

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CONE 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 CONE's volatility from 18 Sep, 2018 to 31 Oct, 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 CONE has significant positive skewness in it's return distribution. This indicates that investors can expect CONE to recover from drawdowns quickly. Which makes CONE a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

Based on your interest in CONE you may find it interesting to know that ZBRA and AAXN are both small caps that have shown remarkable performance and deserve to be on every investors' watchlist.

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