NEW JERSEY RESOURCES CORP was among the best performers on Tuesday. It returned +1.02% to close at 50.67. On a day when the overall market breadth was 35%, it closed higher than 8% of the market. In comparison, the benchmark SP500 index closed today at -0.0004%.
Buy-and-Hold investors in NJR experienced a maximum drawdown of -6.41% over the last three months. It returned +6.56% during this up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals.
NJR has been outperforming the SP500 index in recent time. NJR 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 7 days, NJR outperformed the SP500 index on 54% days.
During the last three months NJR was mostly profitable and delivered on average +0.11% per day. It's best return during this period (of +2.6%) was on Friday, 30 Nov, 2018. While it's worst loss in the same period (of -3.25%) was on Thursday, 11 Oct, 2018. There was initially a bearish trend during this period which started on 24 Sep, 2018 and went on till 26 Sep, 2018. The trend delivered -4.68% losses to investors. This was followed by a bullish trend that started on 9 Nov, 2018 and ended on 19 Nov, 2018. This bullish trend delivered +6.36% to investors.
NJR had 8 profitable and 4 loss making months over the last year. During the last year, number of profitable months of NJR and SP500 index were the same. NJR significantly outperformed SP500 index in Nov 2018, when it returned +7.61% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. NJR had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year.
"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.
NJR 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 NJR's volatility from 18 Sep, 2018 to 20 Nov, 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 NJR 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.
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