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%.
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.
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