COR investors considering profit booking at current levels

CORESITE REALTY CORP ranked among the best performers on Tuesday. It delivered +2.47% to close at 93.52. On a day when the overall market breadth was 34%, it closed higher than 82% of the market. In comparison, the benchmark SP500 index closed today at +0.01%.

[Themes containing COR]

Buy-and-Hold investors in COR experienced a maximum drawdown of -21.96% over the last three months. It delivered -18.42% during this strong bearish trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +15.53%.

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COR has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 4 Jan, 2016 to 5 Sep, 2017. Over the last 2 years 11 months and 14 days, COR outperformed the SP500 index on 57% days.

During the last three months COR was mostly loss making and delivered on average -0.3% per day. It's best return during this period (of +3.53%) was on Tuesday, 16 Oct, 2018. While it's worst loss in the same period (of -7.76%) was on Friday, 26 Oct, 2018. The longest stort-term trend during this period was 7 profitable days, which started on 30 Oct, 2018 and went on till 7 Nov, 2018. This bullish trend returned +7.87% to investors.

The last 12 months saw COR's investors making profits in 7 months and incurring losses in 5 months. COR was less consistent in delivering monthly returs than SP500 index. COR was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -14.35% compared to -7.75% returned by SP500 index in Dec 2018. COR and SP500 index, both had periods of 6 consecutive profitable months.

You can only become truly accomplished at something you love. Don't make money your goal. Instead, pursue the things you love doing, and then do them so well that people can't take their eyes off you.
-- Maya Angelou

COR is currently seeing overall fall in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in COR's volatility from 21 Sep, 2018 to 31 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that COR has significant positive skewness in it's return distribution. This indicates that investors can expect COR to recover from drawdowns quickly. Which makes COR a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

Based on your interest in COR you may find it interesting to know that NVCN is highly volatile and investors investing in it must take extreme caution. Consider either reducing your exposure to NVCN or sufficiently diversifying your portfolio.