P&F INDUSTRIES INC

8.16 +0.27 (+3.32%) Sell

PFIN investors elated by performance

13 min read

P&F INDUSTRIES INC outperformed the broader market today. It increased by +3.32% to close at 8.16. It's recent 5 day performance has been -1.27%, +4.58%, -0.65%, -5.66% and 0.0%.

[Themes containing PFIN]

PFIN is currently in a bearish trend. Over the last three months Buy-and-Hold has been a better strategy (returning +3.3%) for PFIN's investors than shorting it.

Trend

PFIN has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 16 Mar, 2016 to 13 Jul, 2017. Over the last 2 years 11 months and 8 days, PFIN underperformed the SP500 index on 49% days. Which indicates that on days PFIN underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months PFIN delivered losses on 62% days. However, it still managed to end this period in a profit. It's best return during this period (of +7.28%) was on Monday, 17 Sep, 2018. While it's worst loss in the same period (of -5.66%) was on Thursday, 6 Dec, 2018. The longest stort-term trend during this period was 10 profitable days, which started on 20 Nov, 2018 and went on till 4 Dec, 2018. This bullish trend returned +6.7% to investors.

During the last year PFIN had 8 profitable months and 4 loss making months. Profitable number of months of PFIN and SP500 index were the same. PFIN was also a more risky investment than SP500 index as it's worst month in the last year, Jan 2018, returned -9.34% compared to -7.28% returned by SP500 index in Oct 2018. PFIN had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year.

Empty pockets never held anyone back. Only empty heads and empty hearts can do that.
-- Norman Vincent Peale

PFIN 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 fall in PFIN's volatility from 17 Sep, 2018 to 28 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 13 Sep, 2018 to 29 Oct, 2018.

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

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

Based on your interest in PFIN you may find it interesting to know that NFEC, TNDM and DFBG have all shown remarkable performance this year and deserve to be on every investor's watchlist.

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