20.1 -0.1 (-0.5%) Buy

NYLD investors take a moment to reassess their portfolio allocation

13 min read

CLEARWAY ENERGY, INC. has destroyed investor wealth today. It delivered -0.5% to close at 20.1. During the last week it delivered +2.03% and saw a maximum drawdown of -0.5% before bouncing back.

[Themes containing NYLD]

Buy-and-Hold investors in NYLD experienced a maximum drawdown of 0.0% over the last three months. It delivered 0.0% during this flat trending period. There were no short signals during this period. However, the long signal was not profitable and lost investors 0.0%.


NYLD has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 26 Jul, 2016 to 28 Feb, 2018. Over the last 2 years 8 months and 10 days, NYLD underperformed the SP500 index on 47% days. Which indicates that on days NYLD underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months NYLD was mostly loss making and delivered on average 0.0% per day. It's best return during this period (of 0.0%) was on Friday, 14 Sep, 2018. While it's worst loss in the same period (of 0.0%) was on Friday, 14 Sep, 2018. The longest stort-term trend during this period was 1 profitable days, which started on 14 Sep, 2018 and went on till 14 Sep, 2018. This bullish trend returned 0.0% to investors.

The last 12 months saw NYLD's investors making profits in 5 months and incurring losses in 7 months. NYLD was less consistent in delivering monthly returs than SP500 index. NYLD was also a more risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -17.2% compared to -3.89% returned by SP500 index in Feb 2018. NYLD had a shorter streak of profitable months than SP500 index. It only went up in 6 straight months during the last year. It is interesting to note that both NYLD and SP500 index significantly outperform during months when quarterly/annual results are announced.

Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.
-- Charles Dickens

NYLD is currently seeing overall fall in volatility. In comparison, the SP500 index is seeing decrease in volatility.

Advanced/professional short-term investors should note that NYLD 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 NYLD. Therefore, SP500 must receive a lower allocation than NYLD in your portfolio. SP500 index usually has shorter drawdown period than NYLD.

Based on your interest in NYLD you may find it interesting to know that PFE and MSFT are both large caps that have shown remarkable performance and deserve to be on every investors' watchlist.

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