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.
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.
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