55.44 +0.19 (+0.34%) Buy

PEG continues to mint money for it's investors

13 min read

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.

[Themes containing PEG]

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.

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

Based on your interest in PEG you may find it interesting to know that HQY, AAXN and EHC are small caps that have all shown remarkable performance and qualify to be on every investor's watchlist.

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