34.0 +0.18 (+0.53%) Sell

OMAB investors considering profit booking at current levels

13 min read

CENTRAL NORTH AIRPORT GROUP (Foreign) delivered good returns on Monday. It grew by +0.53% to close at 34.0. On a day when the overall market breadth was 34%, it closed higher than 75% of the market. In comparison, the benchmark SP500 index closed today at -0.0191%.

[Themes containing OMAB]

OMAB is currently in a down trend. The current bearish signal has generated a profit of +34.67% for investors in the last three months.


OMAB has been underperforming the SP500 index in recent time, after having outperformed till 18 Aug, 2016. Over the last 2 years 11 months and 10 days, OMAB underperformed the SP500 index on 49% days. Which indicates that on days OMAB underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months OMAB was mostly loss making and delivered on average -0.75% per day. It's best return during this period (of +6.95%) was on Monday, 5 Nov, 2018. While it's worst loss in the same period (of -11.85%) was on Thursday, 8 Nov, 2018. There was initially a bullish trend during this period which started on 26 Sep, 2018 and went on till 1 Oct, 2018. The bullish trend returned +6.23% to investors. This was followed by a bearish trend that started on 4 Dec, 2018 and ended on 11 Dec, 2018. This bearish trend lost -4.6% of investor capital.

On monthly basis, OMAB delivered profits and losses in equal number of months. OMAB delivered profits less regularly than SP500 index. OMAB was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -27.87% compared to -7.28% returned by SP500 index in Oct 2018. OMAB had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year. It is interesting to note that both OMAB and SP500 index significantly outperform during months when quarterly/annual results are announced.

Be quick in cutting your loses but not profits
-- Abhishek Shukla

OMAB is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in OMAB's volatility from 26 Sep, 2018 to 9 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that OMAB has significant positive skewness in it's return distribution. This indicates that investors can expect OMAB to recover from drawdowns quickly. Which makes OMAB a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

OMAB has more chance of extreme outcomes than the SP500 index. Therefore, OMAB must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than OMAB.

Based on your interest in OMAB you may find it interesting to know that BECN has delivered similar performance as OMAB and can be considered as an alternative investment candidate (to OMAB).

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