Want to invest in LANC? Consider as it delivered stellar performance
12 Dec, 201813 min read
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LANCASTER COLONY CORP delivered stellar performance on Wednesday. It gained +2.32% to close at 184.04. It is currently trading +55% above it's 52 week low of 118.2 and is down only -1% from it's 52 week high.
LANC showed a strong up trend over the last 3 months. During this period LANC gained +14.86% and saw a maximum drawdown of -9.95%. There were 2 long signals during this period that returned a cumulative of +12.66% to investors.
LANC has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 8 days, LANC outperformed the SP500 index on 50% days. Which indicates that on days LANC outperforms the SP500 index, it's performance is marginally better than on the days it underperforms the SP500 index.
LANC was profitable on 50% days in the last three months. During this time, it delivered on average +0.23% per day. It delivered it's best daily return of +3.68%, during this period, on Monday, 29 Oct, 2018. There was initially a bearish trend during this period which started on 14 Sep, 2018 and went on till 27 Sep, 2018. The trend delivered -8.41% losses to investors. This was followed by a bullish trend that started on 12 Oct, 2018 and ended on 24 Oct, 2018. This bullish trend delivered +11.17% to investors.
On monthly basis, LANC delivered profits in more months over the last year, than losses. LANC delivered profits in more months than SP500 index. LANC significantly outperformed SP500 index in Oct 2018, when it returned +16.05% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. LANC and SP500 index, both had periods of 6 consecutive profitable months. It is interesting to note that both LANC and SP500 index significantly outperform during months when quarterly/annual results are announced.
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LANC 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 surge in LANC's volatility from 13 Sep, 2018 to 26 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 13 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that LANC has significant positive skewness in it's return distribution. This indicates that investors can expect LANC to recover from drawdowns quickly. Which makes LANC a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
SP500 index has more chance of extreme outcomes than LANC. Therefore, SP500 must receive a lower allocation than LANC in your portfolio. LANC usually has shorter drawdown period than the SP500 index.
On a general note (since you are interested in LANC), three instruments that are extremely volatile are IMTE, ICPT and EPIX. They must all be evaluated prudently and investors are better off avoiding them at the moment.
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