RUTH trailed the broader market today. On a longer term basis, investors in RUTHS HOSPITALITY GROUP, INC. made +0.09% per day. Monday's performance of -0.35% was a significant underperformance compared to it's daily average.
RUTH showed a strong down trend over the last 3 months. During this period RUTH returned -26.39% and saw a maximum drawdown of -28.49%. There was a short signal during this period which returned +18.23%.
During the last three months RUTH was mostly loss making and delivered on average -0.48% per day. It's best return during this period (of +3.13%) was on Tuesday, 6 Nov, 2018. While it's worst loss in the same period (of -4.49%) was on Friday, 16 Nov, 2018. There was initially a bullish trend during this period which started on 25 Sep, 2018 and went on till 28 Sep, 2018. The bullish trend returned +3.09% to investors. This was followed by a bearish trend that started on 15 Nov, 2018 and ended on 20 Nov, 2018. This bearish trend lost -10.12% of investor capital.
On monthly basis, RUTH delivered profits in more months over the last year, than losses. RUTH delivered profits less regularly than SP500 index. RUTH was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -12.81% compared to -7.28% returned by SP500 index in Oct 2018. RUTH 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 RUTH and SP500 index significantly outperform during months when quarterly/annual results are announced.
The challenge is not to pick the best investment. The challenge is to pick the right investment.
-- Don Connelly
RUTH 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 RUTH's volatility from 26 Sep, 2018 to 5 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 RUTH has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
Based on your interest in RUTH you may find it interesting to know that NFEC has shown remarkable performance this year and deserves to be on every investors' watchlist.
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