GAMING & LEISURE PROPERTIES, INC.

34.41 -0.19 (-0.55%) Buy

GLPI investors herd to book profits while the going is good

13 min read

GAMING & LEISURE PROPERTIES, INC. has destroyed investor wealth on Thursday. It delivered -0.55% to close at 34.41. On a day when the overall market breadth was 35%, it closed higher than 70% of the market. In comparison, the benchmark SP500 index closed today at -0.0002%.

[Themes containing GLPI]

GLPI is currently in a bullish trend. The previous long signal in GLPI has not been profitable for investors in general. If you are invested in GLPI at current levels please make sure that your allocation is limited and that your portfolio is well diversified.

Trend

GLPI has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 17 Jun, 2016 to 24 Sep, 2018. Over the last 2 years 11 months and 9 days, GLPI underperformed the SP500 index on 48% days. Which indicates that on days GLPI underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months GLPI was mostly loss making and delivered on average -0.02% per day. It's best return during this period (of +2.44%) was on Thursday, 6 Dec, 2018. While it's worst loss in the same period (of -2.11%) was on Friday, 26 Oct, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 26 Nov, 2018 and went on till 3 Dec, 2018. This bullish trend returned +4.43% to investors.

The last 12 months saw GLPI's investors making profits in 6 months and incurring losses in 6 months. GLPI was less consistent in delivering monthly returs than SP500 index. GLPI was also a more risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -8.73% compared to -7.28% returned by SP500 index in Oct 2018. GLPI had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year. It is interesting to note that both GLPI and SP500 index significantly outperform during months when quarterly/annual results are announced.

"I do not regard a broker as a member of the human race.

GLPI is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in GLPI's volatility from 17 Sep, 2018 to 1 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.

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

On a general note (since you are interested in GLPI), two instruments that have been extremely volatile in recent times are IMTE and VIPS. Investors in these instruments should consider reducing their exposure (to IMTE and VIPS) and diversifying their portfolios.

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