STEELCASE INC ranked among the worst performers on Tuesday. It delivered -0.81% to close at 14.73. It is currently trading -22% below it's 52 week high of 19.05.
SCS showed a bearish trend over the last 3 months. During this period SCS delivered -3.73% and saw a maximum drawdown of -22.68%. There were 3 short signals during this period that returned a cumulative of +7.57% to investors.
SCS has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 30 Dec, 2016 to 16 Aug, 2018. Over the last 2 years 11 months and 7 days, SCS underperformed the SP500 index on 49% days. Which indicates that on days SCS underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
SCS returned losses on 59% days in the last three months. During this time, it delivered on average -0.02% per day. It delivered it's best daily return of +17.96%, during this period, on Friday, 21 Sep, 2018. The longest stort-term trend during this period was 5 losing days, which started on 4 Dec, 2018 and ended on 11 Dec, 2018. This bearish trend lost -10.1% of investor capital.
The last 12 months saw SCS's investors making profits in 5 months and incurring losses in 7 months. SCS was less consistent in delivering monthly returs than SP500 index. SCS significantly outperformed SP500 index in Sep 2018, when it returned +26.71% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. SCS had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year. It is interesting to note that both SCS and SP500 index significantly outperform during months when quarterly/annual results are announced.
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SCS 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 SCS's volatility from 17 Sep, 2018 to 27 Sep, 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 SCS has significant positive skewness in it's return distribution. This indicates that investors can expect SCS to recover from drawdowns quickly. Which makes SCS a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
On a general note (since you are interested in SCS), NFEC has performed really well this year and deserves to be closely tracked for investment opportunities.
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