48.5 -0.27 (-0.55%) Buy

Search for alternative investments is on for FOX investors as it shows weakness

13 min read

FOX significantly underperformed today. On a longer term basis, investors in TWENTY-FIRST CENTURY FOX, INC. made -0.03% per day. Tuesday's performance of -0.55% was a significant underperformance compared to it's daily average.

[Themes containing FOX]

Buy-and-Hold investors in FOX experienced a maximum drawdown of -4.77% over the last three months. It gained +9.58% during this up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals. The net profit from Long signals was +7.76%.


FOX has been outperforming the SP500 index in recent time. FOX is currently at it's peak outperformance to the SP500 index and can be considered for investment. Over the last 2 years 11 months and 14 days, FOX outperformed the SP500 index on 52% days.

FOX was profitable on 53% days in the last three months. During this time, it delivered on average +0.15% per day. It delivered it's worst daily return of -2.38%, during this period, on Wednesday, 24 Oct, 2018. There was initially a bullish trend during this period which started on 24 Sep, 2018 and went on till 3 Oct, 2018. The bullish trend returned +5.82% to investors. This was followed by a bearish trend that started on 4 Oct, 2018 and ended on 10 Oct, 2018. This bearish trend lost -4.62% of investor capital.

On monthly basis, FOX delivered profits in more months over the last year, than losses. FOX delivered profits less regularly than SP500 index. FOX significantly outperformed SP500 index in Jun 2018, when it returned +29.08% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. FOX had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.

"Even though the quotes above come from some of the most intelligent people on Wall Street, the ideas behind them are both quite simple and insightful.

FOX is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in FOX's volatility from 19 Sep, 2018 to 19 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that FOX has significant positive skewness in it's return distribution. This indicates that investors can expect FOX to recover from drawdowns quickly. Which makes FOX 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 FOX. Therefore, SP500 must receive a lower allocation than FOX in your portfolio. SP500 index usually has shorter drawdown period than FOX.

On a general note (since you are interested in FOX), two instruments that have delivered similar performance as FOX are EHC and ROST. They are suitable as good alternative investment candidates that can diversify your portfolio.

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