OGE continues to mint money for it's investors
11 Dec, 201813 min read
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OGE ENERGY CORP. outperformed the broader market on Tuesday. It increased by +1.2% to close at 41.28. On a day when the overall market breadth was 35%, it closed higher than 15% of the market. In comparison, the benchmark SP500 index closed today at -0.0004%.
OGE is currently in a bullish trend. Over the last three months 3 bullish signals in OGE have generated a profit of +0.18% for investors.
OGE has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 12 Jan, 2018 to 11 Dec, 2018. One must note that OGE is currently at it's peak outperformance to the SP500 index which makes it a good investment candidate. Over the last 2 years 11 months and 7 days, OGE outperformed the SP500 index on 52% days.
During the last three months OGE was mostly profitable and delivered on average +0.16% per day. It's best return during this period (of +2.29%) was on Monday, 5 Nov, 2018. While it's worst loss in the same period (of -2.66%) was on Thursday, 11 Oct, 2018. The longest stort-term trend during this period was 7 profitable days, which started on 5 Nov, 2018 and went on till 13 Nov, 2018. This bullish trend returned +9.15% to investors.
During the last year OGE had 8 profitable months and 4 loss making months. Profitable number of months of OGE and SP500 index were the same. OGE significantly outperformed SP500 index in Nov 2018, when it returned +9.6% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. OGE and SP500 index, both had periods of 6 consecutive profitable months.
Financial peace isn't the acquisition of stuff. It's learning to live on less than you make, so you can give money back and have money to invest. You can't win until you do this.
-- Dave Ramsey
OGE 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 OGE's volatility from 17 Sep, 2018 to 15 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 OGE has significant positive skewness in it's return distribution. This indicates that investors can expect OGE to recover from drawdowns quickly. Which makes OGE a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
SP500 index has more chance of extreme outcomes than OGE. Therefore, SP500 must receive a lower allocation than OGE in your portfolio. SP500 index usually has shorter drawdown period than OGE.
On a general note (since you are interested in OGE), AMD is a mid cap that deserves to be closely tracked for investment opportunities.
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