14.17 -0.1 (-0.7%) Sell

JELD continues its fall as more investors loose confidence

13 min read

JELD-WEN HOLDING, INC. delivered lacklustre performance today. It lost -0.7% to close at 14.17. During the last week it lost -7.69% and saw a maximum drawdown of -7.69%.

[Themes containing JELD]

JELD is currently in a down trend. Over the last three months 3 bearish signals have generated a profit of +42.93% for investors.


JELD has been underperforming the SP500 index in recent time, after having outperformed till 24 Nov, 2017. Over the last 1 year and 11 months, JELD underperformed the SP500 index on 48% days. Which indicates that on days JELD underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months JELD was mostly loss making and delivered on average -0.94% per day. It's best return during this period (of +6.51%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -18.91%) was on Tuesday, 16 Oct, 2018. There was initially a bearish trend during this period which started on 4 Oct, 2018 and went on till 24 Oct, 2018. The trend delivered -41.42% losses to investors. This was followed by a bullish trend that started on 30 Oct, 2018 and ended on 5 Nov, 2018. This bullish trend delivered +13.56% to investors.

JELD had 3 profitable and 9 loss making months over the last year. During the last year, JELD underperformed SP500 index on monthly return basis. JELD was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -31.85% compared to -7.28% returned by SP500 index in Oct 2018. JELD had a longer winning streak of losing months than SP500 index. It went down in 5 straight months (from Jan 2018 to May 2018) during which period it delivered -28.38%.

I'm a great believer in luck, and I find the harder I work the more I have of it.
-- Thomas Jefferson

JELD 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 JELD's volatility from 19 Sep, 2018 to 8 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that JELD has significant positive skewness in it's return distribution. This indicates that investors can expect JELD to recover from drawdowns quickly. Which makes JELD 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 JELD. Therefore, SP500 must receive a lower allocation than JELD in your portfolio. JELD usually has shorter drawdown period than the SP500 index.

Based on your interest in JELD you may find it interesting to know that TNDM has shown remarkable performance this year and deserves to be on every investors' watchlist.

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