FFIN outperformed today. On a longer term basis, investors in FIRST FINANCIAL BANKSHARES INC made -0.05% per day. Wednesday's performance of +1.65% was a outperformance compared to it's daily average.
FFIN showed a bullish trend over the last 3 months. During this period FFIN surged by +1.8% and saw a maximum drawdown of -11.7%. There were 2 long signals during this period that returned a cumulative of +0.4% to investors.
FFIN has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 2 Feb, 2016 to 19 Nov, 2018. Over the last 2 years 11 months and 8 days, FFIN outperformed the SP500 index on 53% days.
FFIN was profitable on 52% days in the last three months. During this time, it delivered on average +0.04% per day. It delivered it's worst daily return of -5.44%, during this period, on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 1 Nov, 2018 and went on till 8 Nov, 2018. This bullish trend returned +7.98% to investors.
The last 12 months saw FFIN's investors making profits in 8 months and incurring losses in 4 months. During the last year, FFIN and SP500 index had the same number of profitable months. FFIN significantly outperformed SP500 index in Nov 2018, when it returned +11.07% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. FFIN had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year. It is interesting to note that both FFIN and SP500 index significantly outperform during months when quarterly/annual results are announced.
"Investors must keep in mind that there's a difference between a good company and a good stock. After all, you can buy a good car but pay too much for it .
FFIN 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 FFIN's volatility from 20 Sep, 2018 to 19 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 FFIN has significant positive skewness in it's return distribution. This indicates that investors can expect FFIN to recover from drawdowns quickly. Which makes FFIN a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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