INTEGRATED MEDIA TECHNOLOGY LTD (FOREIGN)

5.17 -0.4 (-7.68%) Sell

IMTE is a falling knife, continues to bleed every investor trying to catch it

13 min read

INTEGRATED MEDIA TECHNOLOGY LTD (Foreign) was among the worst performers today. It delivered -7.68% to close at 5.17. It's recent 5 day performance has been 0.0%, 0.0%, +1.63%, 0.0% and -6.61%.

IMTE is currently in a bearish trend. The current bearish signal has generated a profit of +48.2% for investors in the last three months.

Trend

IMTE has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 27 Apr, 2018 to 3 May, 2018. Over the last 1 year 4 months and 3 days, IMTE underperformed the SP500 index on 58% days.

During the last three months IMTE was mostly loss making and delivered on average -0.74% per day. It's best return during this period (of +43.41%) was on Wednesday, 17 Oct, 2018. While it's worst loss in the same period (of -15.09%) was on Thursday, 4 Oct, 2018. The longest stort-term trend during this period was 5 losing days, which started on 18 Oct, 2018 and ended on 24 Oct, 2018. This bearish trend lost -35.45% of investor capital.

The last 12 months saw IMTE's investors making profits in 5 months and incurring losses in 7 months. IMTE was less consistent in delivering monthly returs than SP500 index. IMTE significantly outperformed SP500 index in May 2018, when it returned +670.25% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. IMTE had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Feb 2018 to Apr 2018) during which period it delivered -91.98%.

I'd like to live as a poor man with lots of money.
-- Pablo Picasso

IMTE 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 IMTE's volatility from 17 Sep, 2018 to 14 Dec, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.

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

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

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