19.1 +0.68 (+3.58%) Sell

IMAX investors hold onto their investments as it marginally outperforms

13 min read

IMAX CORP was among the best performers today. It returned +3.58% to close at 19.1. During the last week it returned +3.19% and saw a maximum drawdown of -1.44% before bouncing back.

[Themes containing IMAX]

IMAX is currently in a down trend. The current bearish signal has generated a profit of +20.38% for investors in the last three months.


IMAX has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 7 days, IMAX underperformed the SP500 index on 52% days.

During the last three months IMAX was mostly loss making and delivered on average -0.42% per day. It's best return during this period (of +4.46%) was on Wednesday, 21 Nov, 2018. While it's worst loss in the same period (of -6.23%) was on Thursday, 25 Oct, 2018. There was initially a bullish trend during this period which started on 24 Sep, 2018 and went on till 27 Sep, 2018. The bullish trend returned +3.95% to investors. This was followed by a bearish trend that started on 28 Sep, 2018 and ended on 4 Oct, 2018. This bearish trend lost -5.83% of investor capital.

IMAX had 7 profitable and 5 loss making months over the last year. During the last year, IMAX underperformed SP500 index on monthly return basis. IMAX was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -22.71% compared to -7.28% returned by SP500 index in Oct 2018. IMAX had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year.

"It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.

IMAX is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in IMAX's volatility from 13 Sep, 2018 to 26 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 13 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that IMAX 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 IMAX. Therefore, SP500 must receive a lower allocation than IMAX in your portfolio. SP500 index usually has shorter drawdown period than IMAX.

Based on your interest in IMAX you may find it interesting to know that NFEC has shown remarkable performance this year and deserves to be on every investors' watchlist.

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