PUBLIC SERVICE ENTERPRISE GROUP INC outperformed the broader market on Friday. It increased by +0.34% to close at 55.44. It is currently trading +19% above it's 52 week low of 46.38 and is down only -1% from it's 52 week high.
PEG showed a bullish trend over the last 3 months. During this period PEG increased by +5.5% and saw a maximum drawdown of -6.03%. There were 2 long signals during this period that returned a cumulative of +2.37% to investors.
PEG has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 31 Mar, 2016 to 9 Mar, 2018. Over the last 2 years 11 months and 3 days, PEG outperformed the SP500 index on 51% days.
During the last three months PEG delivered losses on 53% days. However, it still managed to end this period in a profit. It's best return during this period (of +3.19%) was on Wednesday, 24 Oct, 2018. While it's worst loss in the same period (of -2.63%) was on Friday, 26 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 +4.76% to investors.
The last 12 months saw PEG's investors making profits in 9 months and incurring losses in 3 months. During the last year, PEG delivered profits in more months than SP500 index. PEG was also a less risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -6.63% compared to -7.28% returned by SP500 index in Oct 2018. PEG had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year.
I owe my success to having listened respectfully to the very best advice, and then going away and doing the exact opposite.
-- G. K. Chesterton
PEG 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 PEG's volatility from 11 Sep, 2018 to 26 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 10 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that PEG has significant positive skewness in it's return distribution. This indicates that investors can expect PEG to recover from drawdowns quickly. Which makes PEG a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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