EVRG investors rewarded by market outperformance
14 Dec, 201813 min read
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EVERGY, INC. was among the best performers on Friday. It returned +0.51% to close at 60.54. It is currently trading +17% above it's 52 week low of 51.32 and is down only 0% from it's 52 week high.
Buy-and-Hold investors in EVRG experienced a maximum drawdown of -6.01% over the last three months. It returned +4.92% 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. The net profit from Long signals was +1.75%.
EVRG has been outperforming the SP500 index in recent time. EVRG is currently at it's peak outperformance to the SP500 index and can be considered for investment. Over the last 8 months, EVRG outperformed the SP500 index on 57% days.
During the last three months EVRG was mostly profitable and delivered on average +0.08% per day. It's best return during this period (of +2.12%) was on Friday, 9 Nov, 2018. While it's worst loss in the same period (of -2.73%) was on Wednesday, 19 Sep, 2018. There was initially a bearish trend during this period which started on 18 Sep, 2018 and went on till 20 Sep, 2018. The trend delivered -3.36% losses to investors. This was followed by a bullish trend that started on 9 Nov, 2018 and ended on 16 Nov, 2018. This bullish trend delivered +5.13% to investors.
On monthly basis, EVRG delivered profits and losses in equal number of months. EVRG delivered profits less regularly than SP500 index. EVRG significantly outperformed SP500 index in Nov 2018, when it returned +6.04% compared to +3.29% returned by SP500 index during it's best month in the last one year - Jul 2018. EVRG had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year.
Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
-- George Soros
EVRG 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 EVRG's volatility from 17 Sep, 2018 to 19 Sep, 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 EVRG has significant positive skewness in it's return distribution. This indicates that investors can expect EVRG to recover from drawdowns quickly. Which makes EVRG a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
EVRG has more chance of extreme outcomes than the SP500 index. Therefore, EVRG must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than EVRG.
On a general note (since you are interested in EVRG), three instruments that deserve special mention are AYTU, SBOT and APRN. They have all outperformed the market and must be closely watched for investment opportunities.
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