CHESAPEAKE UTILITIES CORP

93.01 +1.3 (+1.4%) Buy

Time to party for CPK investors as it was among the best performers

13 min read

CHESAPEAKE UTILITIES CORP delivered good returns today. It grew by +1.4% to close at 93.01. During the last week it grew by +4.42% and saw a maximum drawdown of -0.02% before bouncing back.

[Themes containing CPK]

CPK is currently in a up trend. Over the last three months Buy-and-Hold has been a better strategy (returning +3.34%) for CPK's investors than trading long signals.

Trend

CPK has been outperforming the SP500 index in recent time. CPK is currently at it's peak outperformance to the SP500 index and can be considered for investment. Over the last 2 years 11 months and 9 days, CPK outperformed the SP500 index on 53% days.

During the last three months CPK was mostly profitable and delivered on average +0.07% per day. It's best return during this period (of +5.78%) was on Tuesday, 23 Oct, 2018. While it's worst loss in the same period (of -5.78%) was on Monday, 24 Sep, 2018. There was initially a bearish trend during this period which started on 24 Oct, 2018 and went on till 29 Oct, 2018. The trend delivered -6.27% losses to investors. This was followed by a bullish trend that started on 2 Nov, 2018 and ended on 6 Nov, 2018. This bullish trend delivered +5.02% to investors.

CPK had 8 profitable and 4 loss making months over the last year. During the last year, number of profitable months of CPK and SP500 index were the same. CPK significantly outperformed SP500 index in Apr 2018, when it returned +9.51% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. CPK and SP500 index, both had periods of 6 consecutive profitable months.

Investing is a business, investment is a project and investor is a promoter.
-- Vijay Kedia

CPK 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 CPK's volatility from 18 Sep, 2018 to 24 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 CPK 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.

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

Based on your interest in CPK you may find it interesting to know that NIHD and PRQR have both shown remarkable performance this year and deserve to be on every investors' watchlist.

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