Looking to invest in EXK? Consider at the moment as it outperformed the broader market
14 Dec, 201813 min read
Share with friends 
ENDEAVOUR SILVER CORP (Foreign) outperformed the broader market today. It increased by +0.5% to close at 2.01. It's recent 5 day performance has been -5.21%, +11.05%, -0.52%, -3.05% and +7.07%.
EXK showed a strong bearish trend over the last 3 months. During this period EXK fell by -11.84% and saw a maximum drawdown of -27.53%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in EXK till volatility reduces and a clear trend emerges.
EXK has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 19 Jan, 2016 to 18 Aug, 2016. Over the last 2 years 11 months and 10 days, EXK outperformed the SP500 index on 50% days. Which indicates that on days EXK outperforms the SP500 index, it's performance is marginally better than on the days it underperforms the SP500 index.
During the last three months EXK was mostly loss making and delivered on average -0.14% per day. It's best return during this period (of +11.05%) was on Wednesday, 12 Dec, 2018. While it's worst loss in the same period (of -5.97%) was on Monday, 12 Nov, 2018. The longest stort-term trend during this period was 6 losing days, which started on 18 Oct, 2018 and ended on 25 Oct, 2018. This bearish trend lost -14.79% of investor capital.
During the last year EXK had 5 profitable months and 7 loss making months. EXK returned profits in fewer months than SP500 index. EXK was also a more risky investment than SP500 index as it's worst month in the last year, Aug 2018, returned -23.55% compared to -7.28% returned by SP500 index in Oct 2018. EXK had a shorter streak of profitable months than SP500 index. It only went up in 2 straight months during the last year.
Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.
-- Charles Dickens
EXK is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in EXK's volatility from 19 Sep, 2018 to 31 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 EXK has significant negative skewness in it's return distribution. This indicates that EXK is very risky for short-term investment and can significantly underperform for long durations.
EXK has more chance of extreme outcomes than the SP500 index. Therefore, EXK must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than EXK.
Based on your interest in EXK you may find it interesting to know that APRN and SBOT have both shown remarkable performance and deserve 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