11.79 -0.01 (-0.08%) Buy

JKS investors not showing any loss of confidence as it pauses to catch its breath

13 min read

JINKOSOLAR HOLDING CO., LTD. (Foreign) underperformed on Friday. It delivered -0.08% to close at 11.79. On a day when the overall market breadth was 35%, it closed higher than 85% of the market. In comparison, the benchmark SP500 index closed today at -0.0233%.

[Themes containing JKS]

JKS is currently in a bullish trend. The current bullish signal has generated a profit of +31.44% for JKS's investors in the last three months.


JKS has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 4 Jan, 2016 to 5 Oct, 2018. Over the last 2 years 11 months and 3 days, JKS underperformed the SP500 index on 50% days. Which indicates that on days JKS underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

JKS returned losses on 58% days in the last three months. During this time, it delivered on average +0.05% per day. It delivered it's best daily return of +16.95%, during this period, on Monday, 5 Nov, 2018. The longest stort-term trend during this period was 8 losing days, which started on 20 Sep, 2018 and ended on 1 Oct, 2018. This bearish trend lost -16.74% of investor capital.

The last 12 months saw JKS's investors making profits in 3 months and incurring losses in 9 months. JKS was less consistent in delivering monthly returs than SP500 index. JKS significantly outperformed SP500 index in Nov 2018, when it returned +43.55% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. JKS had a longer winning streak of losing months than SP500 index. It went down in 7 straight months (from Apr 2018 to Oct 2018) during which period it delivered -77.88%.

It's how you deal with failure that determines how you achieve success.
-- David Feherty

JKS is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in JKS's volatility from 10 Sep, 2018 to 8 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 10 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that JKS has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.

JKS has more chance of extreme outcomes than the SP500 index. Therefore, JKS must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than JKS.

Based on your interest in JKS you may find it interesting to know that AYTU, EPIX and TYHT have all shown remarkable performance and qualify to be on every investor's watchlist.

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