JPMORGAN CHASE & CO was among the worst performers today. It returned -0.47% to close at 98.54. It's recent 5 day performance has been -1.28%, -0.82%, +0.1%, +0.65% and -0.98%.
JPM showed a strong down trend over the last 3 months. During this period JPM returned -16.22% and saw a maximum drawdown of -16.94%. There were 2 short signals during this period that returned a cumulative of +9.65% to investors.
JPM returned losses on 59% days in the last three months. During this time, it delivered on average -0.27% per day. It delivered it's worst daily return of -4.46%, during this period, on Tuesday, 4 Dec, 2018. There was initially a bearish trend during this period which started on 21 Sep, 2018 and went on till 28 Sep, 2018. The trend delivered -4.98% losses to investors. This was followed by a bullish trend that started on 1 Oct, 2018 and ended on 4 Oct, 2018. This bullish trend delivered +2.13% to investors.
On monthly basis, JPM delivered losses in more months over the last year, than profits. JPM delivered profits less regularly than SP500 index. JPM was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -11.38% compared to -7.75% returned by SP500 index in Dec 2018. JPM had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Aug 2018 to Oct 2018) during which period it delivered -5.79%. It is interesting to note that both JPM and SP500 index significantly outperform during months when quarterly/annual results are announced.
Entrepreneurs - both women and men - need equal and fair access to finance - to create new businesses, to reach to new markets, and to adapt to climate change.
-- Arancha Gonzalez
JPM 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 fall in JPM's volatility from 19 Sep, 2018 to 3 Oct, 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 JPM has significant positive skewness in it's return distribution. This indicates that investors can expect JPM to recover from drawdowns quickly. Which makes JPM a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
Investors trading in JPM derivatives at this moment can consider 'Bull Call Spread' options strategy to receive better risk-adjusted returns.
On a general note (since you are interested in JPM), RGSE has performed really well and deserves to be closely tracked for investment opportunities.
... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.
All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.
We want to empower investors with all the tools and analysis required by them to make a rational investment decision.If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute