GRAPHIC PACKAGING HOLDING CO outperformed on Friday. It surged by +1.28% to close at 11.07. On a day when the overall market breadth was 35%, it closed higher than 14% of the market. In comparison, the benchmark SP500 index closed today at -0.0191%.
GPK is currently in a bearish trend. Over the last three months 2 bearish signals have generated a profit of +15.53% for investors.
GPK has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 1 Sep, 2016 to 23 Oct, 2018. Over the last 2 years 11 months and 10 days, GPK underperformed the SP500 index on 49% days. Which indicates that on days GPK underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
GPK returned losses on 58% days in the last three months. During this time, it delivered on average -0.38% per day. It delivered it's worst daily return of -14.04%, during this period, on Tuesday, 23 Oct, 2018. The longest stort-term trend during this period was 7 losing days, which started on 17 Oct, 2018 and ended on 25 Oct, 2018. This bearish trend lost -20.57% of investor capital.
The last 12 months saw GPK's investors making profits in 5 months and incurring losses in 7 months. GPK was less consistent in delivering monthly returs than SP500 index. GPK was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -21.64% compared to -7.28% returned by SP500 index in Oct 2018. GPK had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Jul 2018 to Oct 2018) during which period it delivered -25.66%.
Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
-- George Soros
GPK 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 GPK's volatility from 21 Sep, 2018 to 26 Oct, 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 GPK has significant positive skewness in it's return distribution. This indicates that investors can expect GPK to recover from drawdowns quickly. Which makes GPK a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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