INGERSOLL-RAND PLC significantly underperformed on Friday. It delivered -3.19% to close at 97.98. On a day when the overall market breadth was 35%, it closed higher than 11% of the market. In comparison, the benchmark SP500 index closed today at -0.0233%.
IR is currently in a bearish trend. Over the last three months 2 bearish signals have generated a profit of +1.18% for investors.
IR has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 2 Feb, 2016 to 23 Nov, 2018. Over the last 2 years 11 months and 3 days, IR outperformed the SP500 index on 54% days.
IR returned losses on 51% days in the last three months. During this time, it delivered on average -0.06% per day. It delivered it's worst daily return of -4.44%, during this period, on Wednesday, 10 Oct, 2018. The longest stort-term trend during this period was 5 losing days, which started on 17 Oct, 2018 and ended on 23 Oct, 2018. This bearish trend lost -7.11% of investor capital.
The last 12 months saw IR's investors making profits in 8 months and incurring losses in 4 months. During the last year, IR and SP500 index had the same number of profitable months. IR significantly outperformed SP500 index in Jul 2018, when it returned +10.15% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. IR and SP500 index, both had periods of 6 consecutive profitable months. It is interesting to note that both IR and SP500 index significantly outperform during months when quarterly/annual results are announced.
Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time.
-- Johann Wolfgang von Goethe
IR 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 IR's volatility from 17 Sep, 2018 to 7 Dec, 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 IR has significant positive skewness in it's return distribution. This indicates that investors can expect IR to recover from drawdowns quickly. Which makes IR a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
Based on your interest in IR you may find it interesting to know that AMRN has shown remarkable performance this year and deserves to be on every investors' watchlist.
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