ROYAL BANK OF CANADA (Foreign) is a falling knife that can bleed you if you catch it on Thursday. It returned -0.14% to close at 70.56. It is currently trading -18% below it's 52 week high of 86.75.
RY is currently in a down trend. Over the last three months 2 bearish signals have generated a profit of +7.9% for investors.
RY returned losses on 66% days in the last three months. During this time, it delivered on average -0.18% per day. It delivered it's worst daily return of -3.63%, during this period, on Wednesday, 24 Oct, 2018. There was initially a bullish trend during this period which started on 14 Sep, 2018 and went on till 20 Sep, 2018. The bullish trend returned +2.48% to investors. This was followed by a bearish trend that started on 2 Oct, 2018 and ended on 11 Oct, 2018. This bearish trend lost -6.5% of investor capital.
On monthly basis, RY delivered losses in more months over the last year, than profits. RY delivered profits less regularly than SP500 index. RY was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -9.95% compared to -7.28% returned by SP500 index in Oct 2018. RY had a longer winning streak of losing months than SP500 index. It went down in 5 straight months (from Feb 2018 to Jun 2018) during which period it delivered -11.5%. It is interesting to note that both RY and SP500 index significantly outperform during months when quarterly/annual results are announced.
Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.
-- Ayn Rand
RY is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in RY's volatility from 17 Sep, 2018 to 11 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 RY has significant positive skewness in it's return distribution. This indicates that investors can expect RY to recover from drawdowns quickly. Which makes RY a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
Based on your interest in RY you may find it interesting to know that APRN has shown remarkable performance and deserves to be on every investors' watchlist.
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