Joy for CRL investors as it was among the best performers
11 Dec, 201813 min read
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CHARLES RIVER LABORATORIES INTERNATIONAL INC ranked among the best performers on Tuesday. It delivered +0.86% to close at 128.81. On a day when the overall market breadth was 35%, it closed higher than 5% of the market. In comparison, the benchmark SP500 index closed today at -0.0004%.
CRL is currently in a bullish trend. Over the last three months Buy-and-Hold has been a better strategy (returning -1.63%) for CRL's investors than trading long signals.
CRL has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 1 Dec, 2016 to 3 Dec, 2018. Over the last 2 years 11 months and 7 days, CRL outperformed the SP500 index on 54% days.
During the last three months CRL was mostly profitable and delivered on average -0.0% per day. It's best return during this period (of +8.86%) was on Wednesday, 7 Nov, 2018. While it's worst loss in the same period (of -6.83%) was on Wednesday, 24 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 +15.11% to investors.
The last 12 months saw CRL's investors making profits in 8 months and incurring losses in 4 months. During the last year, CRL and SP500 index had the same number of profitable months. CRL significantly outperformed SP500 index in Jul 2018, when it returned +10.87% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. CRL and SP500 index, both had periods of 6 consecutive profitable months.
A real entrepreneur is somebody who has no safety net underneath them.
-- Henry Kravis
CRL 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 CRL's volatility from 3 Oct, 2018 to 7 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 13 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that CRL has significant positive skewness in it's return distribution. This indicates that investors can expect CRL to recover from drawdowns quickly. Which makes CRL 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 CRL. Therefore, SP500 must receive a lower allocation than CRL in your portfolio. SP500 index usually has shorter drawdown period than CRL.
On a general note (since you are interested in CRL), AAXN is a small cap that deserves to be closely tracked for investment opportunities.
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