JBLU investors take a massive hit
13 Dec, 201813 min read
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JETBLUE AIRWAYS CORP significantly underperformed on Thursday. It lost -2.15% to close at 17.27. On a day when the overall market breadth was 35%, it closed higher than 81% of the market. In comparison, the benchmark SP500 index closed today at -0.0002%.
JBLU is currently in a down trend. The current bearish signal has generated a profit of +7.98% for investors in the last three months.
JBLU has been underperforming the SP500 index in recent time, after having outperformed till 24 Feb, 2016. Over the last 2 years 11 months and 9 days, JBLU underperformed the SP500 index on 52% days.
During the last three months JBLU was mostly loss making and delivered on average -0.15% per day. It's best return during this period (of +5.69%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -5.09%) was on Friday, 7 Dec, 2018. There was initially a bearish trend during this period which started on 28 Sep, 2018 and went on till 11 Oct, 2018. The trend delivered -17.61% losses to investors. This was followed by a bullish trend that started on 21 Nov, 2018 and ended on 30 Nov, 2018. This bullish trend delivered +10.45% to investors.
JBLU had 5 profitable and 7 loss making months over the last year. During the last year, JBLU underperformed SP500 index on monthly return basis. JBLU significantly outperformed SP500 index in Nov 2018, when it returned +16.68% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. JBLU had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Mar 2018 to May 2018) during which period it delivered -7.77%.
I'd like to live as a poor man with lots of money.
-- Pablo Picasso
JBLU is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in JBLU's volatility from 14 Sep, 2018 to 30 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 14 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that JBLU has significant positive skewness in it's return distribution. This indicates that investors can expect JBLU to recover from drawdowns quickly. Which makes JBLU a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
JBLU has more chance of extreme outcomes than the SP500 index. Therefore, JBLU must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than JBLU.
Based on your interest in JBLU you may find it interesting to know that PFE, CSCO and UNH are large caps that have all shown remarkable performance and qualify to be on every investor's watchlist.
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