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.
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 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.
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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