HANWHA Q CELLS CO., LTD. (Foreign) outperformed on Thursday. It surged by +0.21% to close at 9.74. On a day when the overall market breadth was 35%, it closed higher than 81% of the market. In comparison, the benchmark SP500 index closed today at -0.0002%.
Buy-and-Hold investors in HQCL experienced a maximum drawdown of -7.84% over the last three months. It surged by +15.27% during this strong bullish 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 +13.42%.
HQCL has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 4 Jan, 2016 to 18 Jul, 2018. Over the last 2 years 11 months and 9 days, HQCL underperformed the SP500 index on 54% days.
HQCL was profitable on 50% days in the last three months. During this time, it delivered on average +0.25% per day. It delivered it's best daily return of +17.01%, during this period, on Tuesday, 16 Oct, 2018. The longest stort-term trend during this period was 7 profitable days, which started on 23 Oct, 2018 and went on till 31 Oct, 2018. This bullish trend returned +0.62% to investors.
The last 12 months saw HQCL's investors making profits in 6 months and incurring losses in 6 months. HQCL was less consistent in delivering monthly returs than SP500 index. HQCL significantly outperformed SP500 index in Aug 2018, when it returned +32.55% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. HQCL had a shorter streak of profitable months than SP500 index. It only went up in 2 straight months during the last year. It is interesting to note that both HQCL and SP500 index significantly outperform during months when quarterly/annual results are announced.
How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.
-- Robert G. Allen
HQCL 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 fall in HQCL's volatility from 27 Sep, 2018 to 10 Dec, 2018. While there was a significant surge in the SP500 index's volatility from 14 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that HQCL 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 HQCL), NSPR has performed really well and deserves to be closely tracked for investment opportunities.
... 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