RXN ranked among the worst performers today. On a longer term basis, investors in REXNORD CORP made -0.0% per day. Tuesday's performance of -0.99% was a underperformance compared to it's daily average.
RXN showed a strong bearish trend over the last 3 months. During this period RXN delivered -23.57% and saw a maximum drawdown of -25.2%. There were 2 short signals during this period that returned a cumulative of +6.73% to investors.
RXN has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 14 Jan, 2016 to 13 Apr, 2018. Over the last 2 years 11 months and 14 days, RXN outperformed the SP500 index on 51% days.
During the last three months RXN was mostly loss making and delivered on average -0.39% per day. It's best return during this period (of +10.28%) was on Wednesday, 31 Oct, 2018. While it's worst loss in the same period (of -7.68%) was on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 7 profitable days, which started on 30 Oct, 2018 and went on till 7 Nov, 2018. This bullish trend returned +20.89% to investors.
The last 12 months saw RXN's investors making profits in 7 months and incurring losses in 5 months. RXN was less consistent in delivering monthly returs than SP500 index. RXN was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -14.91% compared to -7.75% returned by SP500 index in Dec 2018. RXN had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.
When I graduated, I promptly took a job in finance, making both my pre-med and poli-sci years essentially useless - or so I thought.
-- Yael Cohen
RXN 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 RXN's volatility from 21 Sep, 2018 to 1 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 RXN 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.
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