W R GRACE & CO delivered lacklustre performance on Friday. It delivered -0.28% to close at 61.22. On a day when the overall market breadth was 35%, it closed higher than 67% of the market. In comparison, the benchmark SP500 index closed today at -0.0191%.
GRA showed a strong bearish trend over the last 3 months. During this period GRA delivered -15.11% and saw a maximum drawdown of -18.6%. There were 2 short signals during this period that returned a cumulative of +3.85% to investors.
GRA has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 15 Jan, 2016 to 3 Dec, 2018. Over the last 2 years 11 months and 10 days, GRA underperformed the SP500 index on 52% days.
During the last three months GRA was mostly loss making and delivered on average -0.25% per day. It's best return during this period (of +3.59%) was on Wednesday, 28 Nov, 2018. While it's worst loss in the same period (of -3.94%) was on Tuesday, 9 Oct, 2018. The longest stort-term trends during this period were 5 profitable and losing days. The bullish trend (which returned +2.53%) started on 17 Sep, 2018 and went on till 21 Sep, 2018 while the bearish trend (which returned -6.36%) started on 17 Oct, 2018 and went on till 23 Oct, 2018.
The last 12 months saw GRA's investors making profits in 6 months and incurring losses in 6 months. GRA was less consistent in delivering monthly returs than SP500 index. GRA significantly outperformed SP500 index in Apr 2018, when it returned +13.56% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. GRA had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year. It is interesting to note that both GRA and SP500 index significantly outperform during months when quarterly/annual results are announced.
Traditionally, the sample is always better than the stock you deliver to the store.
-- Calvin Klein
GRA 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 GRA's volatility from 17 Sep, 2018 to 29 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 GRA has significant positive skewness in it's return distribution. This indicates that investors can expect GRA to recover from drawdowns quickly. Which makes GRA a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
Based on your interest in GRA you may find it interesting to know that NFEC has shown remarkable performance this year and deserves to be on every investors' watchlist.
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