15.04 -0.23 (-1.51%) Buy

KT investors treading cautiously as performance is muted

13 min read

KT CORP (Foreign) was among the worst performers on Thursday. It returned -1.51% to close at 15.04. On a day when the overall market breadth was 35%, it closed higher than 18% of the market. In comparison, the benchmark SP500 index closed today at -0.0002%.

[Themes containing KT]

KT is currently in a up trend. Over the last three months 2 bullish signals in KT have generated a profit of +1.26% for investors.


KT has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 9 days, KT underperformed the SP500 index on 47% days. Which indicates that on days KT underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months KT was mostly profitable and delivered on average +0.12% per day. It's best return during this period (of +3.53%) was on Monday, 8 Oct, 2018. While it's worst loss in the same period (of -3.65%) was on Thursday, 11 Oct, 2018. There was initially a bearish trend during this period which started on 3 Oct, 2018 and went on till 5 Oct, 2018. The trend delivered -5.74% losses to investors. This was followed by a bullish trend that started on 30 Nov, 2018 and ended on 7 Dec, 2018. This bullish trend delivered +3.98% to investors.

On monthly basis, KT delivered profits in more months over the last year, than losses. KT delivered profits less regularly than SP500 index. KT was also a more risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -11.17% compared to -7.28% returned by SP500 index in Oct 2018. KT had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year.

I'm a great believer in luck, and I find the harder I work the more I have of it.
-- Thomas Jefferson

KT is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant fall in KT's volatility from 14 Sep, 2018 to 23 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 KT 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.

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

Based on your interest in KT you may find it interesting to know that PRQR, NIHD and TNDM have all shown remarkable performance this year and deserve to be on every investor's watchlist.

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