RHP was among the worst performers today. On a longer term basis, investors in RYMAN HOSPITALITY PROPERTIES, INC. made -0.04% per day. Friday's performance of -1.76% was a underperformance compared to it's daily average.
RHP showed a strong bearish trend over the last 3 months. During this period RHP fell by -19.04% and saw a maximum drawdown of -20.14%. There was a short signal during this period which returned +17.34%.
RHP has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 7 Oct, 2016 to 30 Aug, 2018. Over the last 2 years 11 months and 10 days, RHP outperformed the SP500 index on 53% days.
RHP returned losses on 56% days in the last three months. During this time, it delivered on average -0.32% per day. It delivered it's worst daily return of -5.53%, during this period, on Thursday, 4 Oct, 2018. The longest stort-term trend during this period was 5 losing days, which started on 9 Oct, 2018 and ended on 15 Oct, 2018. This bearish trend lost -8.05% of investor capital.
During the last year RHP had 6 profitable months and 6 loss making months. RHP returned profits in fewer months than SP500 index. RHP significantly outperformed SP500 index in Mar 2018, when it returned +12.31% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. RHP had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Sep 2018 to Dec 2018) during which period it delivered -20.39%. It is interesting to note that both RHP and SP500 index significantly outperform during months when quarterly/annual results are announced.
Investing is a business, investment is a project and investor is a promoter.
-- Vijay Kedia
RHP 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 RHP's volatility from 3 Oct, 2018 to 6 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that RHP has significant positive skewness in it's return distribution. This indicates that investors can expect RHP to recover from drawdowns quickly. Which makes RHP a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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