HERITAGE-CRYSTAL CLEAN, INC. trailed the broader market on Monday. It lost -0.04% to close at 25.0. On a day when the overall market breadth was 34%, it closed higher than 69% of the market. In comparison, the benchmark SP500 index closed today at -0.0191%.
Buy-and-Hold investors in HCCI experienced a maximum drawdown of -13.03% over the last three months. It returned +19.33% during this strong up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals. The net profit from Long signals was +10.63%.
HCCI has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 10 days, HCCI outperformed the SP500 index on 49% days. Which indicates that on days HCCI outperforms the SP500 index, it's performance is marginally better than on the days it underperforms the SP500 index.
During the last three months HCCI was mostly profitable and delivered on average +0.32% per day. It's best return during this period (of +7.32%) was on Tuesday, 25 Sep, 2018. While it's worst loss in the same period (of -5.11%) was on Tuesday, 20 Nov, 2018. There was initially a bullish trend during this period which started on 9 Nov, 2018 and went on till 19 Nov, 2018. The bullish trend returned +14.07% to investors. This was followed by a bearish trend that started on 3 Dec, 2018 and ended on 11 Dec, 2018. This bearish trend lost -13.79% of investor capital.
HCCI had 4 profitable and 8 loss making months over the last year. During the last year, HCCI underperformed SP500 index on monthly return basis. HCCI significantly outperformed SP500 index in Nov 2018, when it returned +21.84% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. HCCI had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Apr 2018 to Jun 2018) during which period it delivered -12.04%. It is interesting to note that both HCCI and SP500 index significantly outperform during months when quarterly/annual results are announced.
Innovation distinguishes between a leader and a follower.
-- Steve Jobs
HCCI 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 fall in HCCI's volatility from 11 Oct, 2018 to 13 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that HCCI 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.
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