PJT PARTNERS INC. ranked among the best performers today. It delivered +1.37% to close at 39.23. It's recent 5 day performance has been -4.04%, -5.31%, -2.81%, +1.34% and -1.08%.
PJT is currently in a bearish trend. The current bearish signal has generated a profit of +26.31% for investors in the last three months.
PJT has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 2 May, 2016 to 14 Aug, 2018. Over the last 2 years 11 months and 14 days, PJT outperformed the SP500 index on 52% days.
During the last three months PJT was mostly loss making and delivered on average -0.43% per day. It's best return during this period (of +6.13%) was on Tuesday, 6 Nov, 2018. While it's worst loss in the same period (of -7.21%) was on Tuesday, 4 Dec, 2018. The longest stort-term trends during this period were 6 profitable and losing days. The bullish trend (which returned +14.53%) started on 25 Oct, 2018 and went on till 1 Nov, 2018 while the bearish trend (which returned -15.75%) started on 17 Oct, 2018 and went on till 24 Oct, 2018.
During the last year PJT had 6 profitable months and 6 loss making months. PJT returned profits in fewer months than SP500 index. PJT was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -16.94% compared to -7.75% returned by SP500 index in Dec 2018. PJT 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 PJT and SP500 index significantly outperform during months when quarterly/annual results are announced.
We make a living by what we get, but we make a life by what we give.
-- Winston Churchill
PJT 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 PJT's volatility from 20 Sep, 2018 to 2 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that PJT has significant positive skewness in it's return distribution. This indicates that investors can expect PJT to recover from drawdowns quickly. Which makes PJT a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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