HOWARD HUGHES CORP ranked among the worst performers on Friday. It returned -2.87% to close at 102.04. 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%.
HHC showed a strong down trend over the last 3 months. During this period HHC returned -18.71% and saw a maximum drawdown of -19.46%. There was a short signal during this period which returned +18.71%.
HHC has been underperforming the SP500 index in recent time, after having outperformed till 8 Aug, 2016. Over the last 2 years 11 months and 10 days, HHC underperformed the SP500 index on 48% days. Which indicates that on days HHC underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
HHC returned losses on 66% days in the last three months. During this time, it delivered on average -0.32% per day. It delivered it's worst daily return of -4.43%, during this period, on Tuesday, 4 Dec, 2018. There was initially a bullish trend during this period which started on 19 Sep, 2018 and went on till 21 Sep, 2018. The bullish trend returned +1.61% to investors. This was followed by a bearish trend that started on 1 Oct, 2018 and ended on 5 Oct, 2018. This bearish trend lost -3.97% of investor capital.
On monthly basis, HHC delivered losses in more months over the last year, than profits. HHC delivered profits less regularly than SP500 index. HHC was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -10.08% compared to -7.28% returned by SP500 index in Oct 2018. HHC had a longer winning streak of losing months than SP500 index. It went down in 6 straight months (from Jul 2018 to Dec 2018) during which period it delivered -27.92%.
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HHC is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in HHC's volatility from 21 Sep, 2018 to 30 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 HHC 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.
On a general note (since you are interested in HHC), CSCO is a large cap that deserves to be closely tracked for investment opportunities.
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