PBF ENERGY INC.

32.5 -0.76 (-2.34%) Sell

PBF investors dump it for better alternatives

13 min read

PBF ENERGY INC. was among the worst performers on Thursday. It lost -2.34% to close at 32.5. 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 -0.0002%.

[Themes containing PBF]

PBF is currently in a down trend. The current bearish signal has generated a profit of +29.71% for investors in the last three months.

Trend

PBF has been underperforming the SP500 index in recent time, after having outperformed till 12 Jan, 2016. Over the last 2 years 11 months and 9 days, PBF underperformed the SP500 index on 49% days. Which indicates that on days PBF underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months PBF was mostly loss making and delivered on average -0.71% per day. It's best return during this period (of +5.07%) was on Wednesday, 3 Oct, 2018. While it's worst loss in the same period (of -9.94%) was on Friday, 19 Oct, 2018. There was initially a bullish trend during this period which started on 20 Sep, 2018 and went on till 26 Sep, 2018. The bullish trend returned +6.84% to investors. This was followed by a bearish trend that started on 8 Nov, 2018 and ended on 13 Nov, 2018. This bearish trend lost -12.44% of investor capital.

PBF had 5 profitable and 7 loss making months over the last year. During the last year, PBF underperformed SP500 index on monthly return basis. PBF significantly outperformed SP500 index in May 2018, when it returned +23.09% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. PBF had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Sep 2018 to Dec 2018) during which period it delivered -44.6%. It is interesting to note that both PBF and SP500 index significantly outperform during months when quarterly/annual results are announced.

What we really want to do is what we are really meant to do. When we do what we are meant to do, money comes to us, doors open for us, we feel useful, and the work we do feels like play to us.
-- Julia Cameron

PBF 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 PBF's volatility from 17 Sep, 2018 to 1 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 14 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that PBF 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.

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

Based on your interest in PBF you may find it interesting to know that TWTR is a mid cap that has shown remarkable performance and deserves to be on every investors' watchlist.

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