RGLD is looking better than most other alternatives today. On a longer term basis, investors in ROYAL GOLD INC made +0.04% per day. Tuesday's performance of +0.04% was a significant outperformance compared to it's daily average.
RGLD showed a up trend over the last 3 months. During this period RGLD grew by +4.51% and saw a maximum drawdown of -9.86%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in RGLD till volatility reduces and a clear trend emerges.
During the last three months RGLD delivered losses on 57% days. However, it still managed to end this period in a profit. It's best return during this period (of +5.84%) was on Thursday, 11 Oct, 2018. While it's worst loss in the same period (of -3.65%) was on Thursday, 25 Oct, 2018. There was initially a bearish trend during this period which started on 17 Oct, 2018 and went on till 22 Oct, 2018. The trend delivered -2.14% losses to investors. This was followed by a bullish trend that started on 3 Dec, 2018 and ended on 7 Dec, 2018. This bullish trend delivered +7.06% to investors.
On monthly basis, RGLD delivered profits in more months over the last year, than losses. RGLD delivered profits less regularly than SP500 index. RGLD was also a more risky investment than SP500 index as it's worst month in the last year, Aug 2018, returned -9.87% compared to -7.28% returned by SP500 index in Oct 2018. RGLD had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year.
Anybody who plays the stock market not as an insider is like a man buying cows in the moonlight.
-- Daniel Drew
RGLD 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 RGLD's volatility from 13 Sep, 2018 to 2 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 RGLD has significant positive skewness in it's return distribution. This indicates that investors can expect RGLD to recover from drawdowns quickly. Which makes RGLD a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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