DK significantly underperformed today. On a longer term basis, investors in DELEK US HOLDINGS, INC. made +0.06% per day. Friday's performance of -3.52% was a underperformance compared to it's daily average.
Buy-and-Hold investors in DK experienced a maximum drawdown of -23.21% over the last three months. It fell by -17.24% during this strong bearish trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +12.24%.
DK has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 27 Jul, 2016 to 4 Jun, 2018. Over the last 2 years 11 months and 10 days, DK outperformed the SP500 index on 52% days.
During the last three months DK was mostly loss making and delivered on average -0.27% per day. It's best return during this period (of +7.82%) was on Wednesday, 7 Nov, 2018. While it's worst loss in the same period (of -4.5%) was on Wednesday, 24 Oct, 2018. The longest stort-term trend during this period was 7 losing days, which started on 5 Oct, 2018 and ended on 15 Oct, 2018. This bearish trend lost -15.16% of investor capital.
During the last year DK had 6 profitable months and 6 loss making months. DK returned profits in fewer months than SP500 index. DK was also a more risky investment than SP500 index as it's worst month in the last year, Sep 2018, returned -22.15% compared to -7.28% returned by SP500 index in Oct 2018. DK had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year. It is interesting to note that both DK and SP500 index significantly outperform during months when quarterly/annual results are announced.
"If all the economists were laid end to end, they'd never reach a conclusion.
DK 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 DK's volatility from 17 Sep, 2018 to 15 Nov, 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 DK 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.
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