COSTAR GROUP INC was among the worst performers on Friday. It delivered -2.29% to close at 366.85. It is currently trading -17% below it's 52 week high of 446.72.
CSGP showed a strong bearish trend over the last 3 months. During this period CSGP delivered -15.86% and saw a maximum drawdown of -22.01%. There was a short signal during this period which returned +8.27%.
CSGP has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 3 Jan, 2017 to 4 Sep, 2018. Over the last 2 years 11 months and 3 days, CSGP outperformed the SP500 index on 54% days.
During the last three months CSGP was mostly loss making and delivered on average -0.25% per day. It's best return during this period (of +4.54%) was on Monday, 26 Nov, 2018. While it's worst loss in the same period (of -6.12%) was on Wednesday, 24 Oct, 2018. The longest stort-term trend during this period was 6 losing days, which started on 23 Oct, 2018 and ended on 30 Oct, 2018. This bearish trend lost -10.01% of investor capital.
The last 12 months saw CSGP's investors making profits in 8 months and incurring losses in 4 months. During the last year, CSGP and SP500 index had the same number of profitable months. CSGP significantly outperformed SP500 index in Jan 2018, when it returned +16.62% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. CSGP and SP500 index, both had periods of 6 consecutive profitable months.
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CSGP 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 CSGP's volatility from 10 Sep, 2018 to 31 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 10 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that CSGP 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.
Based on your interest in CSGP you may find it interesting to know that AMZN is a large cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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