EQUITY LIFESTYLE PROPERTIES INC

100.56 +0.65 (+0.65%) Buy

ELS continues to mint money for it's investors

13 min read

EQUITY LIFESTYLE PROPERTIES INC was among the best performers on Thursday. It returned +0.65% to close at 100.56. It is currently trading +23% above it's 52 week low of 81.55 and is down only -2% from it's 52 week high.

[Themes containing ELS]

Buy-and-Hold investors in ELS experienced a maximum drawdown of -5.6% over the last three months. It returned +3.64% during this up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals.

Trend

ELS has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 9 days, ELS outperformed the SP500 index on 52% days.

During the last three months ELS delivered losses on 52% days. However, it still managed to end this period in a profit. It's best return during this period (of +2.92%) was on Thursday, 6 Dec, 2018. While it's worst loss in the same period (of -2.57%) was on Wednesday, 12 Dec, 2018. There was initially a bearish trend during this period which started on 1 Oct, 2018 and went on till 5 Oct, 2018. The trend delivered -2.77% losses to investors. This was followed by a bullish trend that started on 5 Nov, 2018 and ended on 8 Nov, 2018. This bullish trend delivered +3.81% to investors.

ELS had 7 profitable and 5 loss making months over the last year. During the last year, ELS underperformed SP500 index on monthly return basis. ELS significantly outperformed SP500 index in Aug 2018, when it returned +6.47% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. ELS had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year.

An investment in knowledge pays the best interest.
-- Benjamin Franklin

ELS 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 ELS's volatility from 20 Sep, 2018 to 26 Oct, 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 ELS has significant positive skewness in it's return distribution. This indicates that investors can expect ELS to recover from drawdowns quickly. Which makes ELS a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

Based on your interest in ELS you may find it interesting to know that SQ is a mid cap that has shown remarkable performance and deserves to be on every investors' watchlist.

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