CULP INC

20.35 -0.3 (-1.45%) Sell

Doubt in the minds of CULP investors as it was among the worst performers

13 min read

CULP INC has destroyed investor wealth on Tuesday. It fell by -1.45% to close at 20.35. On a day when the overall market breadth was 35%, it closed higher than 18% of the market. In comparison, the benchmark SP500 index closed today at -0.0004%.

[Themes containing CULP]

CULP is currently in a bearish trend. Over the last three months 2 bearish signals have generated a profit of +7.91% for investors.

Trend

CULP has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 29 Dec, 2016 to 30 Nov, 2018. Over the last 2 years 11 months and 7 days, CULP underperformed the SP500 index on 50% days. Which indicates that on days CULP underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months CULP was mostly loss making and delivered on average -0.25% per day. It's best return during this period (of +6.6%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -5.67%) was on Thursday, 29 Nov, 2018. The longest stort-term trends during this period were 4 profitable and losing days. The bullish trend (which returned +2.85%) started on 8 Oct, 2018 and went on till 11 Oct, 2018 while the bearish trend (which returned -4.0%) started on 7 Nov, 2018 and went on till 12 Nov, 2018.

During the last year CULP had 3 profitable months and 9 loss making months. CULP returned profits in fewer months than SP500 index. CULP was also a more risky investment than SP500 index as it's worst month in the last year, Jun 2018, returned -20.93% compared to -7.28% returned by SP500 index in Oct 2018. CULP 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 -17.99%. It is interesting to note that both CULP and SP500 index significantly outperform during months when quarterly/annual results are announced.

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CULP 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 fall in CULP's volatility from 13 Sep, 2018 to 20 Sep, 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 CULP has significant positive skewness in it's return distribution. This indicates that investors can expect CULP to recover from drawdowns quickly. Which makes CULP 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 CULP. Therefore, SP500 must receive a lower allocation than CULP in your portfolio. SP500 index usually has shorter drawdown period than CULP.

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

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