SBA COMMUNICATIONS CORP

172.22 +3.31 (+1.92%) Buy

Time to party for SBAC investors as it delivers great returns

13 min read

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.

[Themes containing SBAC]

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.

Trend

SBAC has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 9 days, SBAC outperformed the SP500 index on 53% days.

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.

SP500 index has more chance of extreme outcomes than SBAC. Therefore, SP500 must receive a lower allocation than SBAC in your portfolio. SP500 index usually has shorter drawdown period than SBAC.

Based on your interest in SBAC you may find it interesting to know that AMRH, AYTU and APRN have all shown remarkable performance and qualify to be on every investor's watchlist.

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