SCHNITZER STEEL INDUSTRIES INC is looking better than most other alternatives on Wednesday. It grew by +1.4% to close at 26.1. It is currently trading -32% below it's 52 week high of 38.7.
SCHN is currently in a down trend. Over the last three months trading short signals has not been a profitable strategy for SCHN's investors in general. However, this strategy had significantly lower risk when compared to Buy-and-Hold investing (which returned -1.88%). It is therefore better to tread with caution in the current downtrend by limiting your allocation to SCHN.
During the last three months SCHN was mostly loss making and delivered on average -0.0% per day. It's best return during this period (of +8.96%) was on Thursday, 25 Oct, 2018. While it's worst loss in the same period (of -5.1%) was on Monday, 26 Nov, 2018. There was initially a bullish trend during this period which started on 13 Sep, 2018 and went on till 17 Sep, 2018. The bullish trend returned +0.94% to investors. This was followed by a bearish trend that started on 3 Oct, 2018 and ended on 11 Oct, 2018. This bearish trend lost -6.33% of investor capital.
SCHN had 4 profitable and 8 loss making months over the last year. During the last year, SCHN underperformed SP500 index on monthly return basis. SCHN was also a more risky investment than SP500 index as it's worst month in the last year, Aug 2018, returned -20.03% compared to -7.28% returned by SP500 index in Oct 2018. SCHN had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Jan 2018 to Apr 2018) during which period it delivered -14.38%.
Empty pockets never held anyone back. Only empty heads and empty hearts can do that.
-- Norman Vincent Peale
SCHN 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 SCHN's volatility from 17 Sep, 2018 to 29 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 13 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that SCHN 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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