31.97 -0.01 (-0.03%) Buy

Stop-loss on the minds of GLW investors as it underperforms broader market

13 min read

CORNING INC is a falling knife that can bleed you if you catch it today. It returned -0.03% to close at 31.97. During the last week it grew by +1.72% and saw a maximum drawdown of -0.54% before bouncing back.

[Themes containing GLW]

Buy-and-Hold investors in GLW experienced a maximum drawdown of -16.14% over the last three months. It returned -9.36% during this down trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals.


GLW has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 9 days, GLW outperformed the SP500 index on 55% days.

During the last three months GLW was mostly loss making and delivered on average -0.14% per day. It's best return during this period (of +3.8%) was on Thursday, 25 Oct, 2018. While it's worst loss in the same period (of -5.64%) was on Wednesday, 10 Oct, 2018. There was initially a bearish trend during this period which started on 21 Sep, 2018 and went on till 1 Oct, 2018. The trend delivered -2.37% losses to investors. This was followed by a bullish trend that started on 5 Nov, 2018 and ended on 8 Nov, 2018. This bullish trend delivered +3.58% to investors.

On monthly basis, GLW delivered profits and losses in equal number of months. GLW delivered profits less regularly than SP500 index. GLW significantly outperformed SP500 index in Jul 2018, when it returned +19.74% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. GLW had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year.

Traditionally, the sample is always better than the stock you deliver to the store.
-- Calvin Klein

GLW 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 GLW's volatility from 3 Oct, 2018 to 24 Oct, 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 GLW 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.

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

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

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

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