CARPENTER TECHNOLOGY CORP was among the worst performers today. It fell by -3.41% to close at 37.06. It's recent 5 day performance has been -1.99%, -0.66%, +0.97%, -2.08% and -5.99%.
CRS showed a strong bearish trend over the last 3 months. During this period CRS fell by -36.82% and saw a maximum drawdown of -37.97%. There was a short signal during this period which returned +33.31%.
CRS has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 12 Jan, 2016 to 30 May, 2018. Over the last 2 years 11 months and 10 days, CRS underperformed the SP500 index on 50% days. Which indicates that on days CRS underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
During the last three months CRS was mostly loss making and delivered on average -0.68% per day. It's best return during this period (of +5.64%) was on Wednesday, 31 Oct, 2018. While it's worst loss in the same period (of -15.03%) was on Wednesday, 24 Oct, 2018. The longest stort-term trend during this period was 5 losing days, which started on 9 Oct, 2018 and ended on 15 Oct, 2018. This bearish trend lost -8.88% of investor capital.
During the last year CRS had 4 profitable months and 8 loss making months. CRS returned profits in fewer months than SP500 index. CRS was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -25.67% compared to -7.28% returned by SP500 index in Oct 2018. CRS had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Sep 2018 to Dec 2018) during which period it delivered -42.07%. It is interesting to note that both CRS and SP500 index significantly outperform during months when quarterly/annual results are announced.
"The way to become rich is to put all your eggs in one basket and then watch that basket.
CRS is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in CRS's volatility from 28 Sep, 2018 to 30 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 CRS has significant positive skewness in it's return distribution. This indicates that investors can expect CRS to recover from drawdowns quickly. Which makes CRS a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
Based on your interest in CRS you may find it interesting to know that CSCO is a large cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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