GARTNER INC was among the worst performers today. It returned -4.16% to close at 133.34. During the last week it returned -7.26% and saw a maximum drawdown of -7.9% before bouncing back.
Buy-and-Hold investors in IT experienced a maximum drawdown of -16.66% over the last three months. It returned -12.96% during this strong down trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals.
During the last three months IT was mostly loss making and delivered on average -0.2% per day. It's best return during this period (of +3.94%) was on Wednesday, 28 Nov, 2018. While it's worst loss in the same period (of -4.16%) was on Monday, 17 Dec, 2018. There was initially a bearish trend during this period which started on 4 Oct, 2018 and went on till 11 Oct, 2018. The trend delivered -8.85% losses to investors. This was followed by a bullish trend that started on 21 Nov, 2018 and ended on 28 Nov, 2018. This bullish trend delivered +6.62% to investors.
On monthly basis, IT delivered profits in more months over the last year, than losses. IT delivered profits in more months than SP500 index. IT was also a more risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -18.26% compared to -7.28% returned by SP500 index in Oct 2018. IT had a longer winning streak of profitable months than SP500 index. It went up in 7 straight months (from Mar 2018 to Sep 2018) during which period it delivered +35.78%.
Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.
-- Ayn Rand
IT 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 surge in IT's volatility from 18 Sep, 2018 to 1 Nov, 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 IT has significant positive skewness in it's return distribution. This indicates that investors can expect IT to recover from drawdowns quickly. Which makes IT a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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