GLP outperformed today. On a longer term basis, investors in GLOBAL PARTNERS LP made +0.04% per day. Thursday's performance of +0.9% was a outperformance compared to it's daily average.
GLP showed a bearish trend over the last 3 months. During this period GLP delivered -8.59% and saw a maximum drawdown of -19.55%. There was a short signal during this period which returned +2.14%.
GLP has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 27 Jan, 2016 to 9 Mar, 2018. Over the last 2 years 11 months and 9 days, GLP underperformed the SP500 index on 51% days.
GLP returned losses on 59% days in the last three months. During this time, it delivered on average -0.13% per day. It delivered it's best daily return of +6.66%, during this period, on Monday, 29 Oct, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 25 Oct, 2018 and went on till 1 Nov, 2018. This bullish trend returned +14.34% to investors.
The last 12 months saw GLP's investors making profits in 4 months and incurring losses in 8 months. GLP was less consistent in delivering monthly returs than SP500 index. GLP was also a more risky investment than SP500 index as it's worst month in the last year, Nov 2018, returned -14.62% compared to -7.28% returned by SP500 index in Oct 2018. GLP had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Jan 2018 to Mar 2018) during which period it delivered -13.77%. It is interesting to note that both GLP and SP500 index significantly outperform during months when quarterly/annual results are announced.
I think that stocks have been this tremendous, tremendous equalizer for people in this country. Guys who can't make a lot of money at their jobs have been able to make a lot of money in the stock market.
-- Jim Cramer
GLP 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 GLP's volatility from 14 Sep, 2018 to 15 Nov, 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 GLP has significant positive skewness in it's return distribution. This indicates that investors can expect GLP to recover from drawdowns quickly. Which makes GLP a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
On a general note (since you are interested in GLP), AYTU has performed really well and deserves to be closely tracked for investment opportunities.
... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.
All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.
We want to empower investors with all the tools and analysis required by them to make a rational investment decision.If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute