43.14 -0.08 (-0.19%) Buy

ISCA investors not showing any loss of confidence as it pauses to catch its breath

13 min read

INTERNATIONAL SPEEDWAY CORP trailed the broader market today. It delivered -0.19% to close at 43.14. During the last week it delivered -0.19% and saw a maximum drawdown of -0.19%.

[Themes containing ISCA]

ISCA is currently in a bullish trend. Over the last three months 4 bullish signals in ISCA have generated a profit of +9.67% for investors.


ISCA has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 9 Mar, 2016 to 4 Oct, 2018. Over the last 2 years 11 months and 10 days, ISCA outperformed the SP500 index on 50% days. Which indicates that on days ISCA outperforms the SP500 index, it's performance is marginally better than on the days it underperforms the SP500 index.

During the last three months ISCA was mostly profitable and delivered on average +0.01% per day. It's best return during this period (of +8.78%) was on Monday, 12 Nov, 2018. While it's worst loss in the same period (of -16.47%) was on Thursday, 4 Oct, 2018. The longest stort-term trend during this period was 5 profitable days, which started on 25 Oct, 2018 and went on till 31 Oct, 2018. This bullish trend returned +4.47% to investors.

The last 12 months saw ISCA's investors making profits in 6 months and incurring losses in 6 months. ISCA was less consistent in delivering monthly returs than SP500 index. ISCA significantly outperformed SP500 index in Jan 2018, when it returned +16.0% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. ISCA 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 -8.65%.

You know you are on the road to success if you would do your job, and not be paid for it.
-- Oprah Winfrey

ISCA 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 surge in ISCA's volatility from 18 Sep, 2018 to 4 Oct, 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 ISCA has significant positive skewness in it's return distribution. This indicates that investors can expect ISCA to recover from drawdowns quickly. Which makes ISCA a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

On a general note (since you are interested in ISCA), three large cap instruments that deserve special mention are UNH, V and PFE. They have all outperformed the market and must be closely watched for investment opportunities.

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