HALCON RESOURCES CORP delivered massive losses on Monday. It lost -7.58% to close at 1.83 which is it's 52 week low, down -78% from it's 52 week high.
HK is currently in a down trend. Over the last three months 2 bearish signals have generated a profit of +55.62% for investors.
During the last three months HK was mostly loss making and delivered on average -1.35% per day. It's best return during this period (of +15.06%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -10.59%) was on Thursday, 13 Dec, 2018. There was initially a bearish trend during this period which started on 8 Nov, 2018 and went on till 14 Nov, 2018. The trend delivered -25.05% losses to investors. This was followed by a bullish trend that started on 26 Nov, 2018 and ended on 29 Nov, 2018. This bullish trend delivered +10.2% to investors.
HK had 2 profitable and 10 loss making months over the last year. During the last year, HK underperformed SP500 index on monthly return basis. HK was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -29.29% compared to -7.28% returned by SP500 index in Oct 2018. HK had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Sep 2018 to Dec 2018) during which period it delivered -73.08%. It is interesting to note that both HK and SP500 index significantly outperform during months when quarterly/annual results are announced.
We make a living by what we get, but we make a life by what we give.
-- Winston Churchill
HK 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 HK's volatility from 27 Sep, 2018 to 12 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 HK has significant negative skewness in it's return distribution. This indicates that HK is very risky for short-term investment and can significantly underperform for long durations.
... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.
All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.
We want to empower investors with all the tools and analysis required by them to make a rational investment decision.If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute