NOBLE ENERGY INC is a falling knife that can bleed you if you catch it on Friday. It delivered -4.05% to close at 21.79 which is it's 52 week low, down -41% from it's 52 week high.
NBL is currently in a bearish trend. Over the last three months 2 bearish signals have generated a profit of +21.46% for investors.
NBL has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 13 Dec, 2016 to 30 Nov, 2018. Over the last 2 years 11 months and 10 days, NBL underperformed the SP500 index on 53% days.
During the last three months NBL was mostly loss making and delivered on average -0.46% per day. It's best return during this period (of +5.55%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -6.68%) was on Wednesday, 24 Oct, 2018. The longest stort-term trends during this period were 7 profitable and losing days. The bullish trend (which returned +15.22%) started on 30 Oct, 2018 and went on till 7 Nov, 2018 while the bearish trend (which returned -19.53%) started on 16 Oct, 2018 and went on till 24 Oct, 2018.
The last 12 months saw NBL's investors making profits in 6 months and incurring losses in 6 months. NBL was less consistent in delivering monthly returs than SP500 index. NBL was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -21.76% compared to -7.28% returned by SP500 index in Oct 2018. NBL had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year. It is interesting to note that both NBL and SP500 index significantly outperform during months when quarterly/annual results are announced.
"After two decades of personal finance reporting, I've heard every excuse in the book for not saving money. That said, none of them really hold up - at least over the long term.
NBL 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 NBL's volatility from 18 Sep, 2018 to 2 Nov, 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 NBL has significant negative skewness in it's return distribution. This indicates that NBL is very risky for short-term investment and can significantly underperform for long durations.
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