MSEX was among the worst performers today. On a longer term basis, investors in MIDDLESEX WATER CO made +0.08% per day. Friday's performance of -0.7% was a underperformance compared to it's daily average.
Buy-and-Hold investors in MSEX experienced a maximum drawdown of -10.98% over the last three months. It increased by +12.92% during this strong bullish trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals. The net profit from Long signals was +2.31%.
MSEX has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 6 Mar, 2018 to 7 Dec, 2018. One must note that MSEX is currently at it's peak outperformance to the SP500 index which makes it a good investment candidate. Over the last 2 years 11 months and 3 days, MSEX outperformed the SP500 index on 51% days.
During the last three months MSEX delivered losses on 53% days. However, it still managed to end this period in a profit. It's best return during this period (of +10.74%) was on Monday, 5 Nov, 2018. While it's worst loss in the same period (of -5.02%) was on Thursday, 8 Nov, 2018. The longest stort-term trend during this period was 5 losing days, which started on 1 Oct, 2018 and ended on 5 Oct, 2018. This bearish trend lost -4.75% of investor capital.
The last 12 months saw MSEX's investors making profits in 8 months and incurring losses in 4 months. During the last year, MSEX and SP500 index had the same number of profitable months. MSEX significantly outperformed SP500 index in Apr 2018, when it returned +18.49% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. MSEX had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.
The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind.
-- T.T. Munger
MSEX 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 MSEX's volatility from 13 Sep, 2018 to 15 Nov, 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 MSEX 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.
Based on your interest in MSEX you may find it interesting to know that IMTE and OPNT are highly volatile and therefore risky. Investors should consider limiting their exposure to these instruments (because of their volatile nature).
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