ONE GAS, INC. outperformed today. It surged by +0.51% to close at 86.14. It's recent 5 day performance has been -0.87%, +0.13%, +1.45%, -1.44% and +1.48%.
OGS showed a bullish trend over the last 3 months. During this period OGS surged by +5.76% and saw a maximum drawdown of -7.24%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in OGS till volatility reduces and a clear trend emerges.
OGS has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 9 Mar, 2018 to 7 Dec, 2018. Over the last 2 years 11 months and 7 days, OGS outperformed the SP500 index on 54% days.
OGS was profitable on 56% days in the last three months. During this time, it delivered on average +0.1% per day. It delivered it's worst daily return of -3.26%, during this period, on Thursday, 11 Oct, 2018. The longest stort-term trend during this period was 5 profitable days, which started on 4 Oct, 2018 and went on till 10 Oct, 2018. This bullish trend returned +3.34% to investors.
The last 12 months saw OGS's investors making profits in 8 months and incurring losses in 4 months. During the last year, OGS and SP500 index had the same number of profitable months. OGS was also a more risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -10.22% compared to -7.28% returned by SP500 index in Oct 2018. OGS had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.
Frugality includes all the other virtues.
OGS is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in OGS's volatility from 2 Oct, 2018 to 31 Oct, 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 OGS has significant positive skewness in it's return distribution. This indicates that investors can expect OGS to recover from drawdowns quickly. Which makes OGS a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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