CONSOLIDATED WATER CO. LTD. significantly underperformed on Wednesday. It lost -1.47% to close at 12.1. On a day when the overall market breadth was 35%, it closed higher than 15% of the market. In comparison, the benchmark SP500 index closed today at +0.54%.
CWCO is currently in a down trend. The current bearish signal has generated a profit of +6.42% for investors in the last three months.
During the last three months CWCO was mostly loss making and delivered on average -0.21% per day. It's best return during this period (of +6.86%) was on Monday, 12 Nov, 2018. While it's worst loss in the same period (of -3.89%) was on Monday, 10 Dec, 2018. There was initially a bullish trend during this period which started on 8 Nov, 2018 and went on till 12 Nov, 2018. The bullish trend returned +12.34% to investors. This was followed by a bearish trend that started on 16 Nov, 2018 and ended on 23 Nov, 2018. This bearish trend lost -6.25% of investor capital.
CWCO had 6 profitable and 6 loss making months over the last year. During the last year, CWCO underperformed SP500 index on monthly return basis. CWCO significantly outperformed SP500 index in Mar 2018, when it returned +15.94% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. CWCO had a shorter streak of profitable months than SP500 index. It only went up in 2 straight months during the last year. It is interesting to note that both CWCO and SP500 index significantly outperform during months when quarterly/annual results are announced.
Believe you can and you're halfway there.
-- Theodore Roosevelt
CWCO is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in CWCO's volatility from 13 Sep, 2018 to 13 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 CWCO has significant positive skewness in it's return distribution. This indicates that investors can expect CWCO to recover from drawdowns quickly. Which makes CWCO a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
On a general note (since you are interested in CWCO), APRN has performed really well and deserves to be closely tracked for investment opportunities.
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