30.8 -1.34 (-4.35%) Sell

DISH is a falling knife, continues to bleed every investor trying to catch it

13 min read

DISH NETWORK CORP was among the worst performers today. It delivered -4.35% to close at 30.8. During the last week it increased by +0.63% and saw a maximum drawdown of -1.19% before bouncing back.

[Themes containing DISH]

DISH is currently in a bearish trend. The previous short signal in DISH has not been profitable for investors in general. If you are short on DISH at current levels please make sure that your allocation is limited and that your portfolio is well diversified.


DISH has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 4 Jan, 2016 to 25 Jul, 2018. Over the last 2 years 11 months and 9 days, DISH underperformed the SP500 index on 51% days.

During the last three months DISH delivered profits on 50% days. However, it still managed to end this period in a loss. It's best return during this period (of +5.07%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -8.34%) was on Tuesday, 23 Oct, 2018. The longest stort-term trends during this period were 4 profitable and losing days. The bullish trend (which returned +7.85%) started on 12 Oct, 2018 and went on till 17 Oct, 2018 while the bearish trend (which returned -4.54%) started on 19 Sep, 2018 and went on till 24 Sep, 2018.

The last 12 months saw DISH's investors making profits in 4 months and incurring losses in 8 months. DISH was less consistent in delivering monthly returs than SP500 index. DISH significantly outperformed SP500 index in Jun 2018, when it returned +13.74% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. DISH had a longer winning streak of losing months than SP500 index. It went down in 5 straight months (from Jan 2018 to May 2018) during which period it delivered -48.55%.

It's good to have money and the things that money can buy, but It's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy.
-- George Lorimer

DISH 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 DISH's volatility from 14 Sep, 2018 to 7 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 14 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that DISH 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.

Investors trading in DISH derivatives at this moment can consider 'Protective Collar' options strategy to receive better risk-adjusted returns.

SP500 index has more chance of extreme outcomes than DISH. Therefore, SP500 must receive a lower allocation than DISH in your portfolio. SP500 index usually has shorter drawdown period than DISH.

On a general note (since you are interested in DISH), two instruments that deserve special mention are HEAR and NIHD. They have significantly outperformed the overall market this year.

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