5.87 -0.26 (-4.4%) Sell

FI investors take a massive hit

13 min read

FRANK'S INTERNATIONAL N.V. ranked among the worst performers today. It lost -4.4% to close at 5.87. During the last week it lost -8.42% and saw a maximum drawdown of -8.42%.

[Themes containing FI]

Buy-and-Hold investors in FI experienced a maximum drawdown of -34.85% over the last three months. It lost -30.86% during this strong down 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 +6.97%.


FI has been underperforming the SP500 index in recent time, after having outperformed till 4 Jan, 2016. Over the last 2 years 11 months and 9 days, FI underperformed the SP500 index on 50% days. Which indicates that on days FI underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months FI was mostly loss making and delivered on average -0.53% per day. It's best return during this period (of +5.55%) was on Tuesday, 6 Nov, 2018. While it's worst loss in the same period (of -8.39%) was on Wednesday, 24 Oct, 2018. There was initially a bearish trend during this period which started on 17 Oct, 2018 and went on till 24 Oct, 2018. The trend delivered -22.41% losses to investors. This was followed by a bullish trend that started on 2 Nov, 2018 and ended on 7 Nov, 2018. This bullish trend delivered +12.5% to investors.

FI had 7 profitable and 5 loss making months over the last year. During the last year, FI underperformed SP500 index on monthly return basis. FI significantly outperformed SP500 index in Apr 2018, when it returned +31.39% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. FI and SP500 index, both had periods of 6 consecutive profitable months. It is interesting to note that both FI and SP500 index significantly outperform during months when quarterly/annual results are announced.

"A budget tells us what we can't afford, but it doesn't keep us from buying it.

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

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

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

Based on your interest in FI you may find it interesting to know that CSCO, AMZN and PFE are large caps that have all shown remarkable performance and qualify to be on every investor's watchlist.

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