20.28 +0.67 (+3.31%) Sell

Don't go profit booking on EQT now, it delivered a decent return

13 min read

EQT delivered stellar performance today. On a longer term basis, investors in EQT CORP made +0.04% per day. Tuesday's performance of +3.31% was a significant outperformance compared to it's daily average.

[Themes containing EQT]

EQT showed a strong down trend over the last 3 months. During this period EQT returned -57.56% and saw a maximum drawdown of -65.7%. There was a short signal during this period which returned +57.56%.


EQT has been underperforming the SP500 index in recent time, after having outperformed till 28 Jun, 2016. Over the last 2 years 11 months and 7 days, EQT underperformed the SP500 index on 52% days.

EQT returned losses on 55% days in the last three months. During this time, it delivered on average -1.06% per day. It delivered it's worst daily return of -46.42%, during this period, on Tuesday, 13 Nov, 2018. There was initially a bullish trend during this period which started on 2 Oct, 2018 and went on till 9 Oct, 2018. The bullish trend returned +5.22% to investors. This was followed by a bearish trend that started on 17 Oct, 2018 and ended on 29 Oct, 2018. This bearish trend lost -41.14% of investor capital.

On monthly basis, EQT delivered losses in more months over the last year, than profits. EQT delivered profits less regularly than SP500 index. EQT was also a more risky investment than SP500 index as it's worst month in the last year, Nov 2018, returned -44.92% compared to -7.28% returned by SP500 index in Oct 2018. EQT had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.

"The most popular investing products are the worst ones for investors.

EQT 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 EQT's volatility from 14 Sep, 2018 to 26 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 13 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that EQT has positive skewness in it's return distribution. This indicates that investors can expect EQT to make attempts to recover from drawdowns quickly. Which makes EQT a good candidate for momentum based trading on short-term bullish trends or counter-trends.

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

Based on your interest in EQT you may find it interesting to know that TACT has delivered similar performance as EQT and can be considered as an alternative investment candidate (to EQT).

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
Symbol Price {{retType}} | Tr.
{{detail.symbol}} {{detail.close}} {{detail.priceChange}}  {{detail.pctChange}}%  {{detail.name}} {{detail.trend}} 
If you liked what you read here ...

... 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
Share with friends   WhatsApp   Facebook   Twitter