RDFN has destroyed investor wealth today. On a longer term basis, investors in REDFIN CORP made +0.17% per day. Tuesday's performance of -1.56% was a significant underperformance compared to it's daily average.
Buy-and-Hold investors in RDFN experienced a maximum drawdown of -24.55% over the last three months. It returned -20.57% during this strong down trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +10.18%.
RDFN has been outperforming the SP500 index in recent time. Over the last 1 year and 5 months, RDFN underperformed the SP500 index on 50% days. Which indicates that on days RDFN underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
During the last three months RDFN was mostly loss making and delivered on average -0.31% per day. It's best return during this period (of +6.02%) was on Tuesday, 16 Oct, 2018. While it's worst loss in the same period (of -6.6%) was on Friday, 26 Oct, 2018. There was initially a bearish trend during this period which started on 1 Oct, 2018 and went on till 10 Oct, 2018. The trend delivered -18.86% losses to investors. This was followed by a bullish trend that started on 23 Nov, 2018 and ended on 29 Nov, 2018. This bullish trend delivered +17.82% to investors.
On monthly basis, RDFN delivered profits and losses in equal number of months. RDFN delivered profits less regularly than SP500 index. RDFN was also a more risky investment than SP500 index as it's worst month in the last year, Jan 2018, returned -34.66% compared to -7.75% returned by SP500 index in Dec 2018. RDFN had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.
It's pointless to set goals if you are not going to try to hit them.
-- Don Connelly
RDFN 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 RDFN's volatility from 19 Sep, 2018 to 29 Oct, 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 RDFN has significant positive skewness in it's return distribution. This indicates that investors can expect RDFN to recover from drawdowns quickly. Which makes RDFN a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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