LENNOX INTERNATIONAL INC delivered massive losses on Friday. It fell by -1.55% to close at 213.88. It is currently trading +12% above it's 52 week low of 189.28 and is down only -6% from it's 52 week high.
LII showed a bearish trend over the last 3 months. During this period LII fell by -4.5% and saw a maximum drawdown of -13.77%. There was a short signal during this period which returned +0.29%.
LII has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 6 Jan, 2016 to 30 Nov, 2018. Over the last 2 years 11 months and 10 days, LII outperformed the SP500 index on 52% days.
During the last three months LII was mostly loss making and delivered on average -0.06% per day. It's best return during this period (of +4.74%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -4.6%) was on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 6 losing days, which started on 18 Sep, 2018 and ended on 25 Sep, 2018. This bearish trend lost -3.58% of investor capital.
During the last year LII had 5 profitable months and 7 loss making months. LII returned profits in fewer months than SP500 index. LII significantly outperformed SP500 index in Jul 2018, when it returned +7.58% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. LII had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Feb 2018 to Apr 2018) during which period it delivered -9.54%. It is interesting to note that both LII and SP500 index significantly outperform during months when quarterly/annual results are announced.
Let him who would enjoy a good future waste none of his present.
-- Roger Babson
LII 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 LII's volatility from 3 Oct, 2018 to 23 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that LII 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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