104.1 +0.22 (+0.21%) Buy

HUBB continues it's uptrend, although on a weaker note

13 min read

HUBBELL INC managed to marginally outperform the broader market on Tuesday. It gained +0.21% to close at 104.1. It is currently trading -25% below it's 52 week high of 139.21.

[Themes containing HUBB]

HUBB showed a strong down trend over the last 3 months. During this period HUBB returned -20.79% and saw a maximum drawdown of -28.01%. There was a short signal during this period which returned +15.86%.


HUBB has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 7 days, HUBB underperformed the SP500 index on 51% days.

HUBB returned losses on 54% days in the last three months. During this time, it delivered on average -0.34% per day. It delivered it's worst daily return of -11.69%, during this period, on Tuesday, 23 Oct, 2018. There was initially a bullish trend during this period which started on 18 Sep, 2018 and went on till 21 Sep, 2018. The bullish trend returned +2.11% to investors. This was followed by a bearish trend that started on 5 Oct, 2018 and ended on 11 Oct, 2018. This bearish trend lost -8.57% of investor capital.

On monthly basis, HUBB delivered profits and losses in equal number of months. HUBB delivered profits less regularly than SP500 index. HUBB was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -23.97% compared to -7.28% returned by SP500 index in Oct 2018. HUBB had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.

The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind.
-- T.T. Munger

HUBB 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 HUBB's volatility from 2 Oct, 2018 to 24 Oct, 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 HUBB has significant positive skewness in it's return distribution. This indicates that investors can expect HUBB to recover from drawdowns quickly. Which makes HUBB a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

Based on your interest in HUBB you may find it interesting to know that AMZN is a large cap that has shown remarkable performance and deserves to be on every investors' watchlist.

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