18.37 -0.08 (-0.43%) Sell

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

13 min read

INTERNATIONAL SEAWAYS, INC. has destroyed investor wealth on Friday. It delivered -0.43% to close at 18.37. It is currently trading -24% below it's 52 week high of 24.41.

[Themes containing INSW]

INSW showed a bearish trend over the last 3 months. During this period INSW delivered -3.32% and saw a maximum drawdown of -27.71%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in INSW till volatility reduces and a clear trend emerges.


INSW has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 5 Dec, 2016 to 25 Jul, 2017. Over the last 2 years and 6 days, INSW outperformed the SP500 index on 50% days. Which indicates that on days INSW outperforms the SP500 index, it's performance is marginally better than on the days it underperforms the SP500 index.

During the last three months INSW was mostly profitable and delivered on average -0.0% per day. It's best return during this period (of +10.03%) was on Tuesday, 27 Nov, 2018. While it's worst loss in the same period (of -11.94%) was on Wednesday, 7 Nov, 2018. The longest stort-term trends during this period were 5 profitable and losing days. The bullish trend (which returned +12.72%) started on 27 Sep, 2018 and went on till 3 Oct, 2018 while the bearish trend (which returned -4.49%) started on 11 Sep, 2018 and went on till 17 Sep, 2018.

The last 12 months saw INSW's investors making profits in 4 months and incurring losses in 8 months. INSW was less consistent in delivering monthly returs than SP500 index. INSW significantly outperformed SP500 index in Apr 2018, when it returned +17.79% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. INSW had a longer winning streak of losing months than SP500 index. It went down in 6 straight months (from Jul 2018 to Dec 2018) during which period it delivered -29.91%.

Financial support is one thing, but I always think what becomes really sacrificial is your time.
-- Cliff Richard

INSW is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in INSW's volatility from 11 Sep, 2018 to 29 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 10 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that INSW 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.

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

Based on your interest in INSW you may find it interesting to know that EHC and HQY are both small caps that have shown remarkable performance and deserve to be on every investors' watchlist.

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