69.51 0.0 (0.0%) Buy

NAVG investors treading cautiously as performance is muted

13 min read

NAVG underperformed today. On a longer term basis, investors in NAVIGATORS GROUP INC made -0.06% per day. Friday's performance of 0.0% was a significant outperformance compared to it's daily average.

[Themes containing NAVG]

Buy-and-Hold investors in NAVG experienced a maximum drawdown of -1.57% over the last three months. It returned -0.2% during this flat trending period. There were both Long and Short signals during this period, where the short signals were marginally more profitable than the long signals.


NAVG has been outperforming the SP500 index in recent time. NAVG is currently at it's peak outperformance to the SP500 index and can be considered for investment. Over the last 2 years 11 months and 10 days, NAVG outperformed the SP500 index on 52% days.

During the last three months NAVG was mostly loss making and delivered on average -0.0% per day. It's best return during this period (of +0.64%) was on Tuesday, 6 Nov, 2018. While it's worst loss in the same period (of -1.36%) was on Friday, 21 Sep, 2018. There was initially a bearish trend during this period which started on 13 Nov, 2018 and went on till 16 Nov, 2018. The trend delivered -0.23% losses to investors. This was followed by a bullish trend that started on 19 Nov, 2018 and ended on 26 Nov, 2018. This bullish trend delivered +0.24% to investors.

On monthly basis, NAVG delivered profits in more months over the last year, than losses. NAVG delivered profits in more months than SP500 index. NAVG significantly outperformed SP500 index in Aug 2018, when it returned +15.99% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. NAVG had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.

"I'm involved in the stock market, which is fun and, sometimes, very painful.

NAVG 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 NAVG's volatility from 17 Sep, 2018 to 20 Sep, 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 NAVG 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.

SP500 index has more chance of extreme outcomes than NAVG. Therefore, SP500 must receive a lower allocation than NAVG in your portfolio. SP500 index usually has shorter drawdown period than NAVG.

On a general note (since you are interested in NAVG), three instruments that are extremely volatile are GNK, VIPS and ICPT. They must all be evaluated prudently and investors are better off avoiding them at the moment.

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