JJSF delivered stellar performance today. On a longer term basis, investors in J&J SNACK FOODS CORP made -0.05% per day. Thursday's performance of +0.31% was a significant outperformance compared to it's daily average.
JJSF showed a up trend over the last 3 months. During this period JJSF gained +7.52% and saw a maximum drawdown of -5.98%. There was a long signal during this period which returned +7.52%.
JJSF has been outperforming the SP500 index in recent time. JJSF is currently at it's peak outperformance to the SP500 index and can be considered for investment. Over the last 2 years 11 months and 9 days, JJSF outperformed the SP500 index on 53% days.
JJSF was profitable on 50% days in the last three months. During this time, it delivered on average +0.12% per day. It delivered it's worst daily return of -2.63%, during this period, on Tuesday, 4 Dec, 2018. There was initially a bullish trend during this period which started on 25 Sep, 2018 and went on till 28 Sep, 2018. The bullish trend returned +2.91% to investors. This was followed by a bearish trend that started on 7 Nov, 2018 and ended on 14 Nov, 2018. This bearish trend lost -5.26% of investor capital.
JJSF had 9 profitable and 3 loss making months over the last year. JJSF was profitable in more months than SP500 index. JJSF significantly outperformed SP500 index in Jun 2018, when it returned +7.66% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. JJSF had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year.
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JJSF 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 JJSF's volatility from 24 Sep, 2018 to 9 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 JJSF has significant positive skewness in it's return distribution. This indicates that investors can expect JJSF to recover from drawdowns quickly. Which makes JJSF a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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