L3 TECHNOLOGIES, INC. delivered massive losses on Friday. It delivered -0.37% to close at 178.82. It is currently trading -19% below it's 52 week high of 220.91.
LLL showed a strong bearish trend over the last 3 months. During this period LLL delivered -14.73% and saw a maximum drawdown of -19.3%. There were 3 short signals during this period that returned a cumulative of +4.3% to investors.
LLL has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 1 Apr, 2016 to 15 Oct, 2018. Over the last 2 years 11 months and 3 days, LLL outperformed the SP500 index on 51% days.
During the last three months LLL was mostly loss making and delivered on average -0.22% per day. It's best return during this period (of +12.84%) was on Monday, 15 Oct, 2018. While it's worst loss in the same period (of -8.83%) was on Monday, 29 Oct, 2018. The longest stort-term trends during this period were 5 profitable and losing days. The bullish trend (which returned +4.79%) started on 12 Sep, 2018 and went on till 18 Sep, 2018 while the bearish trend (which returned -15.79%) started on 23 Oct, 2018 and went on till 29 Oct, 2018.
The last 12 months saw LLL's investors making profits in 4 months and incurring losses in 8 months. LLL was less consistent in delivering monthly returs than SP500 index. LLL significantly outperformed SP500 index in Jul 2018, when it returned +11.31% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. LLL had a longer winning streak of losing months than SP500 index. It went down in 5 straight months (from Aug 2018 to Dec 2018) during which period it delivered -17.38%. It is interesting to note that both LLL and SP500 index significantly outperform during months when quarterly/annual results are announced.
"Cash combined with courage in a time of crisis is priceless.
LLL is currently seeing overall fall in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in LLL's volatility from 10 Sep, 2018 to 30 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 10 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that LLL has significant positive skewness in it's return distribution. This indicates that investors can expect LLL to recover from drawdowns quickly. Which makes LLL a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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