CORENERGY INFRASTRUCTURE TRUST, INC.

37.18 -0.07 (-0.19%) Buy

CORR investors check their stop-losses as it underperforms

13 min read

CORENERGY INFRASTRUCTURE TRUST, INC. delivered lacklustre performance on Friday. It lost -0.19% to close at 37.18. On a day when the overall market breadth was 35%, it closed higher than 68% of the market. In comparison, the benchmark SP500 index closed today at -0.0191%.

[Themes containing CORR]

Buy-and-Hold investors in CORR experienced a maximum drawdown of -10.99% over the last three months. It lost -1.43% during this down trending period. There were both Long and Short signals during this period, where the short signals were marginally more profitable than the long signals.

Trend

CORR has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 10 days, CORR outperformed the SP500 index on 52% days.

CORR was profitable on 52% days in the last three months. During this time, it delivered on average -0.01% per day. It delivered it's worst daily return of -3.56%, during this period, on Tuesday, 20 Nov, 2018. There was initially a bearish trend during this period which started on 3 Oct, 2018 and went on till 5 Oct, 2018. The trend delivered -3.34% losses to investors. This was followed by a bullish trend that started on 21 Nov, 2018 and ended on 29 Nov, 2018. This bullish trend delivered +9.99% to investors.

CORR had 7 profitable and 5 loss making months over the last year. During the last year, CORR underperformed SP500 index on monthly return basis. CORR was also a less risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -6.42% compared to -7.28% returned by SP500 index in Oct 2018. CORR had a shorter streak of profitable months than SP500 index. It only went up in 2 straight months during the last year.

"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.

CORR 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 CORR's volatility from 21 Sep, 2018 to 6 Dec, 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 CORR has significant positive skewness in it's return distribution. This indicates that investors can expect CORR to recover from drawdowns quickly. Which makes CORR a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

On a general note (since you are interested in CORR), HEAR has performed really well this year and deserves to be closely tracked for investment opportunities.

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