GFI ranked among the best performers today. On a longer term basis, investors in GOLD FIELDS LTD (Foreign) made -0.03% per day. Tuesday's performance of +1.81% was a outperformance compared to it's daily average.
GFI showed a strong bullish trend over the last 3 months. During this period GFI delivered +34.8% and saw a maximum drawdown of -11.63%. There was a long signal during this period which returned +30.83%.
GFI has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 1 Aug, 2016 to 11 Sep, 2018. Over the last 2 years 11 months and 14 days, GFI underperformed the SP500 index on 51% days.
During the last three months GFI was mostly profitable and delivered on average +0.51% per day. It's best return during this period (of +6.45%) was on Monday, 15 Oct, 2018. While it's worst loss in the same period (of -6.73%) was on Thursday, 25 Oct, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 14 Nov, 2018 and went on till 21 Nov, 2018. This bullish trend returned +10.83% to investors.
The last 12 months saw GFI's investors making profits in 5 months and incurring losses in 7 months. GFI was less consistent in delivering monthly returs than SP500 index. GFI was also a more risky investment than SP500 index as it's worst month in the last year, Aug 2018, returned -33.42% compared to -7.75% returned by SP500 index in Dec 2018. GFI 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 GFI and SP500 index significantly outperform during months when quarterly/annual results are announced.
How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.
-- Robert G. Allen
GFI is currently seeing overall fall in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in GFI's volatility from 5 Oct, 2018 to 26 Oct, 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 GFI has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
Based on your interest in GFI you may find it interesting to know that TYHT has shown remarkable performance and deserves to be on every investors' watchlist.
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