SEALED AIR CORP delivered massive losses on Tuesday. It delivered -0.59% to close at 33.85. On a day when the overall market breadth was 35%, it closed higher than 75% of the market. In comparison, the benchmark SP500 index closed today at -0.0004%.
SEE is currently in a bearish trend. Over the last three months 2 bearish signals have generated a profit of +18.14% for investors.
SEE has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 27 Apr, 2016 to 22 Oct, 2018. Over the last 2 years 11 months and 7 days, SEE underperformed the SP500 index on 48% days. Which indicates that on days SEE underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
SEE returned losses on 55% days in the last three months. During this time, it delivered on average -0.3% per day. It delivered it's worst daily return of -8.3%, during this period, on Thursday, 18 Oct, 2018. The longest stort-term trend during this period was 6 losing days, which started on 17 Oct, 2018 and ended on 24 Oct, 2018. This bearish trend lost -13.69% of investor capital.
The last 12 months saw SEE's investors making profits in 5 months and incurring losses in 7 months. SEE was less consistent in delivering monthly returs than SP500 index. SEE was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -19.2% compared to -7.28% returned by SP500 index in Oct 2018. SEE had a shorter streak of profitable months than SP500 index. It only went up in 2 straight months during the last year. It is interesting to note that both SEE and SP500 index significantly outperform during months when quarterly/annual results are announced.
It takes as much energy to wish as it does to plan.
-- Eleanor Roosevelt
SEE is currently seeing overall fall in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in SEE's volatility from 13 Sep, 2018 to 1 Nov, 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 SEE 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.
On a general note (since you are interested in SEE), if you are evaluating SEE as an investment candidate, then you should read about TCBK which has delivered similar performance and can help diversify your portfolio.
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