SITEONE LANDSCAPE SUPPLY, INC. ranked better than it's peers on Tuesday. It delivered +0.57% to close at 56.09. On a day when the overall market breadth was 34%, it closed higher than 3% of the market. In comparison, the benchmark SP500 index closed today at +0.01%.
SITE showed a strong bearish trend over the last 3 months. During this period SITE fell by -33.88% and saw a maximum drawdown of -35.77%. There was a short signal during this period which returned +34.26%.
SITE has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 12 May, 2016 to 20 Jun, 2018. Over the last 2 years 7 months and 6 days, SITE outperformed the SP500 index on 54% days.
During the last three months SITE was mostly loss making and delivered on average -0.62% per day. It's best return during this period (of +8.0%) was on Wednesday, 31 Oct, 2018. While it's worst loss in the same period (of -6.1%) was on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 6 losing days, which started on 7 Dec, 2018 and ended on 14 Dec, 2018. This bearish trend lost -12.06% of investor capital.
During the last year SITE had 5 profitable months and 7 loss making months. SITE returned profits in fewer months than SP500 index. SITE was also a more risky investment than SP500 index as it's worst month in the last year, Sep 2018, returned -16.63% compared to -7.75% returned by SP500 index in Dec 2018. SITE had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year. It is interesting to note that both SITE and SP500 index significantly outperform during months when quarterly/annual results are announced.
When buying shares, ask yourself, would you buy the whole company?
-- Rene Rivkin
SITE 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 SITE's volatility from 24 Sep, 2018 to 31 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that SITE 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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