LSTR delivered massive losses today. On a longer term basis, investors in LANDSTAR SYSTEM INC made +0.05% per day. Tuesday's performance of -0.43% was a significant underperformance compared to it's daily average.
LSTR showed a strong down trend over the last 3 months. During this period LSTR lost -22.05% and saw a maximum drawdown of -22.46%. There were 2 short signals during this period that returned a cumulative of +5.13% to investors.
During the last three months LSTR was mostly loss making and delivered on average -0.39% per day. It's best return during this period (of +2.24%) was on Thursday, 15 Nov, 2018. While it's worst loss in the same period (of -5.98%) was on Tuesday, 4 Dec, 2018. There was initially a bearish trend during this period which started on 4 Oct, 2018 and went on till 11 Oct, 2018. The trend delivered -10.65% losses to investors. This was followed by a bullish trend that started on 1 Nov, 2018 and ended on 7 Nov, 2018. This bullish trend delivered +6.38% to investors.
LSTR had 6 profitable and 6 loss making months over the last year. During the last year, LSTR underperformed SP500 index on monthly return basis. LSTR was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -17.25% compared to -7.28% returned by SP500 index in Oct 2018. LSTR had a shorter streak of profitable months than SP500 index. It only went up in 2 straight months during the last year.
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LSTR 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 surge in LSTR's volatility from 28 Sep, 2018 to 7 Dec, 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 LSTR has significant positive skewness in it's return distribution. This indicates that investors can expect LSTR to recover from drawdowns quickly. Which makes LSTR a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
Based on your interest in LSTR you may find it interesting to know that AAXN is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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