Don't even consider investing in FLR now, it is a high risk investment

FLUOR CORP ranked among the worst performers today. It lost -1.7% to close at 33.53. It's recent 5 day performance has been +0.92%, -5.35%, -2.24%, -2.17% and -3.66%.

[Themes containing FLR]

FLR showed a strong down trend over the last 3 months. During this period FLR lost -42.03% and saw a maximum drawdown of -44.35%. There were 2 short signals during this period that returned a cumulative of +24.72% to investors.

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Monthly Performance

Alpha (outperformance)

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Return distribution

FLR has been underperforming the SP500 index in recent time, after having outperformed till 22 Mar, 2016. FLR is currently at it's worst performance to the SP500 index and therefore does not make a good investment candidate. Over the last 2 years 11 months and 9 days, FLR underperformed the SP500 index on 48% days. Which indicates that on days FLR underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months FLR was mostly loss making and delivered on average -0.81% per day. It's best return during this period (of +3.63%) was on Tuesday, 16 Oct, 2018. While it's worst loss in the same period (of -17.24%) was on Thursday, 11 Oct, 2018. There was initially a bullish trend during this period which started on 1 Nov, 2018 and went on till 7 Nov, 2018. The bullish trend returned +11.64% to investors. This was followed by a bearish trend that started on 4 Dec, 2018 and ended on 11 Dec, 2018. This bearish trend lost -19.71% of investor capital.

FLR had 7 profitable and 5 loss making months over the last year. During the last year, FLR underperformed SP500 index on monthly return basis. FLR was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -25.17% compared to -7.28% returned by SP500 index in Oct 2018. FLR had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year. It is interesting to note that both FLR and SP500 index significantly outperform during months when quarterly/annual results are announced.

Innovation distinguishes between a leader and a follower.
-- Steve Jobs

FLR 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 FLR's volatility from 1 Oct, 2018 to 11 Dec, 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 FLR has significant positive skewness in it's return distribution. This indicates that investors can expect FLR to recover from drawdowns quickly. Which makes FLR a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

Investors trading in FLR derivatives at this moment can consider 'Bull Call Spread' options strategy to receive better risk-adjusted returns.

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

Based on your interest in FLR you may find it interesting to know that SQ, ABMD and TWTR are mid caps that have all shown remarkable performance and qualify to be on every investor's watchlist.