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%.
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%.
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.
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