IRSA PROPIEDADES COMERCIALES S.A. (FOREIGN)

19.17 -0.3 (-1.54%) Sell

Stop-loss on the minds of IRCP investors as it was among the worst performers

13 min read

IRSA PROPIEDADES COMERCIALES S.A. (Foreign) has destroyed investor wealth today. It lost -1.54% to close at 19.17. It's recent 5 day performance has been -0.82%, 0.0%, -1.36%, 0.0% and -0.5%.

[Themes containing IRCP]

IRCP is currently in a down trend. Over the last three months 2 bearish signals have generated a profit of +16.29% for investors.

Trend

IRCP has been underperforming the SP500 index in recent time, after having outperformed till 25 Oct, 2017. Over the last 2 years 11 months and 10 days, IRCP underperformed the SP500 index on 50% days. Which indicates that on days IRCP underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months IRCP was mostly loss making and delivered on average -0.37% per day. It's best return during this period (of +8.17%) was on Tuesday, 6 Nov, 2018. While it's worst loss in the same period (of -6.92%) was on Tuesday, 13 Nov, 2018. There was initially a bearish trend during this period which started on 2 Oct, 2018 and went on till 5 Oct, 2018. The trend delivered -4.12% losses to investors. This was followed by a bullish trend that started on 12 Oct, 2018 and ended on 18 Oct, 2018. This bullish trend delivered +9.99% to investors.

IRCP had 3 profitable and 9 loss making months over the last year. During the last year, IRCP underperformed SP500 index on monthly return basis. IRCP was also a more risky investment than SP500 index as it's worst month in the last year, May 2018, returned -29.3% compared to -7.28% returned by SP500 index in Oct 2018. IRCP had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Jan 2018 to Mar 2018) during which period it delivered -20.69%. It is interesting to note that both IRCP and SP500 index significantly outperform during months when quarterly/annual results are announced.

If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks.
-- John Bogle

IRCP 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 fall in IRCP's volatility from 28 Sep, 2018 to 13 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 IRCP 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 IRCP. Therefore, SP500 must receive a lower allocation than IRCP in your portfolio. SP500 index usually has shorter drawdown period than IRCP.

On a general note (since you are interested in IRCP), three mid cap instruments that deserve special mention are LULU, ABMD and AMD. They have all outperformed the market and must be closely watched for investment opportunities.

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