ENEL CHILE S.A. (Foreign) performed worse than the broader market on Monday. It lost -0.21% to close at 4.85. It is currently trading -25% below it's 52 week high of 6.5.
Buy-and-Hold investors in ENIC experienced a maximum drawdown of -15.97% over the last three months. It gained +1.25% during this up trending period. There were no long signals during this period. However, the short signal was not profitable and lost investors -1.25%.
ENIC returned losses on 57% days in the last three months. During this time, it delivered on average +0.03% per day. It delivered it's worst daily return of -6.24%, during this period, on Monday, 29 Oct, 2018. There was initially a bearish trend during this period which started on 1 Oct, 2018 and went on till 12 Oct, 2018. The trend delivered -9.36% losses to investors. This was followed by a bullish trend that started on 14 Nov, 2018 and ended on 21 Nov, 2018. This bullish trend delivered +9.14% to investors.
ENIC had 6 profitable and 6 loss making months over the last year. During the last year, ENIC underperformed SP500 index on monthly return basis. ENIC was also a more risky investment than SP500 index as it's worst month in the last year, May 2018, returned -14.15% compared to -7.28% returned by SP500 index in Oct 2018. ENIC had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Apr 2018 to Jun 2018) during which period it delivered -24.03%. It is interesting to note that both ENIC and SP500 index significantly outperform during months when quarterly/annual results are announced.
Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do.
-- Mark Twain
ENIC 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 fall in ENIC's volatility from 7 Nov, 2018 to 13 Dec, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that ENIC 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.
Based on your interest in ENIC you may find it interesting to know that PRQR has shown remarkable performance this year and deserves to be on every investors' watchlist.
... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.
All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.
We want to empower investors with all the tools and analysis required by them to make a rational investment decision.If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute