ST JOE CO was among the worst performers on Thursday. It returned -1.65% to close at 14.28. It is currently trading -27% below it's 52 week high of 19.75.
JOE is currently in a down trend. The current bearish signal has generated a profit of +14.49% for investors in the last three months.
JOE returned losses on 61% days in the last three months. During this time, it delivered on average -0.23% per day. It delivered it's worst daily return of -5.91%, during this period, on Friday, 7 Dec, 2018. There was initially a bullish trend during this period which started on 14 Sep, 2018 and went on till 21 Sep, 2018. The bullish trend returned +2.68% to investors. This was followed by a bearish trend that started on 4 Oct, 2018 and ended on 11 Oct, 2018. This bearish trend lost -10.16% of investor capital.
On monthly basis, JOE delivered losses in more months over the last year, than profits. JOE delivered profits less regularly than SP500 index. JOE was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -8.71% compared to -7.28% returned by SP500 index in Oct 2018. JOE had a longer winning streak of losing months than SP500 index. It went down in 6 straight months (from Jul 2018 to Dec 2018) during which period it delivered -21.58%.
Minimizing downside risk while maximizing the upside is a powerful concept.
-- Mohnish Pabrai
JOE 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 JOE's volatility from 14 Sep, 2018 to 1 Nov, 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 JOE 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.
Based on your interest in JOE you may find it interesting to know that AMRH has shown remarkable performance and deserves to be on every investors' watchlist.
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