HANWHA Q CELLS CO., LTD. (FOREIGN)

9.74 +0.02 (+0.21%) Buy

HQCL continues to mint money for it's investors

13 min read

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%.

[Themes containing HQCL]

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%.

Trend

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.

SP500 index has more chance of extreme outcomes than HQCL. Therefore, SP500 must receive a lower allocation than HQCL in your portfolio. SP500 index usually has shorter drawdown period than HQCL.

On a general note (since you are interested in HQCL), NSPR has performed really well and deserves to be closely tracked for investment opportunities.

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