SBA COMMUNICATIONS CORP delivered stellar performance on Thursday. It gained +1.92% to close at 172.22. It is currently trading +17% above it's 52 week low of 146.65 and is down only -1% from it's 52 week high.
SBAC is currently in a up trend. Over the last three months 3 bullish signals in SBAC have generated a profit of +0.44% for investors.
SBAC was profitable on 50% days in the last three months. During this time, it delivered on average +0.13% per day. It delivered it's best daily return of +4.82%, during this period, on Tuesday, 30 Oct, 2018. There was initially a bearish trend during this period which started on 21 Sep, 2018 and went on till 27 Sep, 2018. The trend delivered -1.45% losses to investors. This was followed by a bullish trend that started on 12 Oct, 2018 and ended on 16 Oct, 2018. This bullish trend delivered +4.19% to investors.
SBAC had 7 profitable and 5 loss making months over the last year. During the last year, SBAC underperformed SP500 index on monthly return basis. SBAC was also a more risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -9.87% compared to -7.28% returned by SP500 index in Oct 2018. SBAC had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year.
Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don't quit.
-- Conrad Hilton
SBAC 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 SBAC's volatility from 20 Sep, 2018 to 30 Oct, 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 SBAC has significant positive skewness in it's return distribution. This indicates that investors can expect SBAC to recover from drawdowns quickly. Which makes SBAC a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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