ENCANA CORP has destroyed investor wealth on Friday. It returned -6.59% to close at 5.81. On a day when the overall market breadth was 35%, it closed higher than 79% of the market. In comparison, the benchmark SP500 index closed today at -0.0191%.
ECA is currently in a down trend. The current bearish signal has generated a profit of +51.18% for investors in the last three months.
ECA returned losses on 61% days in the last three months. During this time, it delivered on average -1.08% per day. It delivered it's worst daily return of -12.5%, during this period, on Thursday, 1 Nov, 2018. There was initially a bullish trend during this period which started on 17 Sep, 2018 and went on till 25 Sep, 2018. The bullish trend returned +11.08% to investors. This was followed by a bearish trend that started on 4 Dec, 2018 and ended on 11 Dec, 2018. This bearish trend lost -13.9% of investor capital.
On monthly basis, ECA delivered losses in more months over the last year, than profits. ECA delivered profits less regularly than SP500 index. ECA was also a more risky investment than SP500 index as it's worst month in the last year, Nov 2018, returned -34.38% compared to -7.28% returned by SP500 index in Oct 2018. ECA had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year.
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ECA is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in ECA's volatility from 27 Sep, 2018 to 14 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 ECA has significant negative skewness in it's return distribution. This indicates that ECA is very risky for short-term investment and can significantly underperform for long durations.
On a general note (since you are interested in ECA), two instruments that have been extremely volatile in recent times are OPNT and NVCN. Investors in these instruments should consider reducing their exposure (to OPNT and NVCN) and diversifying their portfolios.
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