NFG showed weakness today. On a longer term basis, investors in NATIONAL FUEL GAS CO made +0.01% per day. Friday's performance of -0.2% was a significant underperformance compared to it's daily average.
Buy-and-Hold investors in NFG experienced a maximum drawdown of -12.51% over the last three months. It returned -1.45% during this down trending period. There were both Long and Short signals during this period, where the short signals were marginally more profitable than the long signals.
During the last three months NFG delivered profits on 53% days. However, it still managed to end this period in a loss. It's best return during this period (of +4.88%) was on Monday, 5 Nov, 2018. While it's worst loss in the same period (of -6.95%) was on Friday, 2 Nov, 2018. There was initially a bullish trend during this period which started on 27 Sep, 2018 and went on till 9 Oct, 2018. The bullish trend returned +6.53% to investors. This was followed by a bearish trend that started on 22 Oct, 2018 and ended on 29 Oct, 2018. This bearish trend lost -6.6% of investor capital.
On monthly basis, NFG delivered profits in more months over the last year, than losses. NFG delivered profits less regularly than SP500 index. NFG was also a more risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -11.34% compared to -7.28% returned by SP500 index in Oct 2018. NFG had a longer winning streak of profitable months than SP500 index. It went up in 7 straight months (from Mar 2018 to Sep 2018) during which period it delivered +15.03%.
"Infinite growth of material consumption in a finite world is an impossibility.
NFG 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 NFG's volatility from 21 Sep, 2018 to 5 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 NFG has significant positive skewness in it's return distribution. This indicates that investors can expect NFG to recover from drawdowns quickly. Which makes NFG a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
On a general note (since you are interested in NFG), three instruments that deserve special mention are NSPR, AYTU and SBOT. They have all outperformed the market and must be closely watched for investment opportunities.
... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.
All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.
We want to empower investors with all the tools and analysis required by them to make a rational investment decision.If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute