Doubt in the minds of REVG investors as it ranked among the worst performers
13 Dec, 201813 min read
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REV GROUP, INC. significantly underperformed today. It fell by -7.01% to close at 9.68. It's recent 5 day performance has been +2.36%, +1.29%, -14.7%, -1.75% and +3.1%.
REVG is currently in a bearish trend. Over the last three months 2 bearish signals have generated a profit of +26.48% for investors.
REVG has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 19 Jun, 2017 to 13 Dec, 2018. One must note that REVG is currently at it's worst performance to the SP500 index which makes it a bad investment candidate. Over the last 1 year and 11 months, REVG underperformed the SP500 index on 48% days. Which indicates that on days REVG underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
During the last three months REVG was mostly loss making and delivered on average -0.68% per day. It's best return during this period (of +7.42%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -14.7%) was on Monday, 10 Dec, 2018. The longest stort-term trend during this period was 9 losing days, which started on 17 Oct, 2018 and ended on 29 Oct, 2018. This bearish trend lost -26.1% of investor capital.
During the last year REVG had 3 profitable months and 9 loss making months. REVG returned profits in fewer months than SP500 index. REVG was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -23.11% compared to -7.28% returned by SP500 index in Oct 2018. REVG had a longer winning streak of losing months than SP500 index. It went down in 5 straight months (from Jan 2018 to May 2018) during which period it delivered -58.06%.
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REVG 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 surge in REVG's volatility from 24 Sep, 2018 to 10 Dec, 2018. While there was a significant surge in the SP500 index's volatility from 14 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that REVG has significant positive skewness in it's return distribution. This indicates that investors can expect REVG to recover from drawdowns quickly. Which makes REVG a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
SP500 index has more chance of extreme outcomes than REVG. Therefore, SP500 must receive a lower allocation than REVG in your portfolio. REVG usually has shorter drawdown period than the SP500 index.
On a general note (since you are interested in REVG), if you are an investor in GNK, you need to be extra careful (consider limiting your exposure or diversifying) as it is extremely unpredictable and therefore risky.
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