FASTENAL CO

52.97 -0.88 (-1.67%) Sell

FAST investors dump it

13 min read

FASTENAL CO was among the worst performers on Monday. It fell by -1.67% to close at 52.97. It is currently trading -12% below it's 52 week high of 60.87.

[Themes containing FAST]

Buy-and-Hold investors in FAST experienced a maximum drawdown of -17.39% over the last three months. It fell by -8.8% during this bearish trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +8.86%.

Trend

FAST has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 21 Mar, 2016 to 21 Aug, 2017. Over the last 2 years 11 months and 10 days, FAST outperformed the SP500 index on 53% days.

During the last three months FAST was mostly loss making and delivered on average -0.13% per day. It's best return during this period (of +4.22%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -7.14%) was on Wednesday, 10 Oct, 2018. The longest stort-term trend during this period was 6 losing days, which started on 17 Oct, 2018 and ended on 24 Oct, 2018. This bearish trend lost -8.35% of investor capital.

During the last year FAST had 5 profitable months and 7 loss making months. FAST returned profits in fewer months than SP500 index. FAST significantly outperformed SP500 index in Jul 2018, when it returned +18.6% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. FAST had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Feb 2018 to Apr 2018) during which period it delivered -6.73%.

"My father, being a Scotsman, taught me to look after finances. I'm shrewd. Some people may call me tight.

FAST 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 FAST's volatility from 21 Sep, 2018 to 10 Dec, 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 FAST has significant positive skewness in it's return distribution. This indicates that investors can expect FAST to recover from drawdowns quickly. Which makes FAST a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

On a general note (since you are interested in FAST), TPNL has performed really well this year and deserves to be closely tracked for investment opportunities.

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