OIL STATES INTERNATIONAL, INC

15.86 -0.25 (-1.55%) Sell

OIS investors incur serious losses

14 min read

OIL STATES INTERNATIONAL, INC was among the worst performers today. It delivered -1.55% to close at 15.86. During the last week it delivered -10.9% and saw a maximum drawdown of -10.9%.

[Themes containing OIS]

Buy-and-Hold investors in OIS experienced a maximum drawdown of -53.52% over the last three months. It delivered -50.59% during this strong bearish trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +42.4%.

Trend

OIS has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 6 Jan, 2017 to 14 Dec, 2018. One must note that OIS is currently at it's worst performance to the SP500 index which makes it a bad investment candidate. Over the last 2 years 11 months and 10 days, OIS underperformed the SP500 index on 50% days. Which indicates that on days OIS underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months OIS was mostly loss making and delivered on average -1.08% per day. It's best return during this period (of +6.45%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -9.91%) was on Thursday, 18 Oct, 2018. The longest stort-term trends during this period were 5 profitable and losing days. The bullish trend (which returned +3.97%) started on 27 Sep, 2018 and went on till 3 Oct, 2018 while the bearish trend (which returned -25.88%) started on 4 Dec, 2018 and went on till 11 Dec, 2018.

The last 12 months saw OIS's investors making profits in 5 months and incurring losses in 7 months. OIS was less consistent in delivering monthly returs than SP500 index. OIS significantly outperformed SP500 index in Apr 2018, when it returned +39.07% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. OIS had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Aug 2018 to Oct 2018) during which period it delivered -38.05%. It is interesting to note that both OIS and SP500 index significantly outperform during months when quarterly/annual results are announced.

"Your net worth to the world is usually determined by what remains after your bad habits are subtracted from your good ones.

OIS 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 OIS's volatility from 2 Oct, 2018 to 30 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that OIS has significant positive skewness in it's return distribution. This indicates that investors can expect OIS to recover from drawdowns quickly. Which makes OIS 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 OIS. Therefore, SP500 must receive a lower allocation than OIS in your portfolio. OIS usually has shorter drawdown period than the SP500 index.

On a general note (since you are interested in OIS), three instruments that deserve special mention are TPNL, PRQR and ECYT. They have all outperformed the market and must be closely watched for investment opportunities.

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