SIX investors herd to book profits while the going is good

SIX FLAGS ENTERTAINMENT CORP has destroyed investor wealth today. It returned -0.68% to close at 58.75. It's recent 5 day performance has been +1.3%, -2.33%, +3.82%, -0.78% and +0.14%.

[Themes containing SIX]

SIX showed a strong down trend over the last 3 months. During this period SIX returned -14.12% and saw a maximum drawdown of -25.3%. There was a short signal during this period which returned +8.24%.

Trend

Monthly Performance

Alpha (outperformance)

Heatmap

Volatility

Return distribution

SIX has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 9 days, SIX underperformed the SP500 index on 47% days. Which indicates that on days SIX underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months SIX was mostly loss making and delivered on average -0.21% per day. It's best return during this period (of +4.31%) was on Thursday, 15 Nov, 2018. While it's worst loss in the same period (of -16.01%) was on Wednesday, 24 Oct, 2018. There was initially a bearish trend during this period which started on 17 Oct, 2018 and went on till 24 Oct, 2018. The trend delivered -24.64% losses to investors. This was followed by a bullish trend that started on 30 Oct, 2018 and ended on 6 Nov, 2018. This bullish trend delivered +10.69% to investors.

On monthly basis, SIX delivered profits in more months over the last year, than losses. SIX delivered profits less regularly than SP500 index. SIX was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -21.31% compared to -7.28% returned by SP500 index in Oct 2018. SIX had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.

There is nothing wrong with changing a plan when the situation has changed.
-- Seneca

SIX 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 SIX's volatility from 10 Oct, 2018 to 29 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 14 Sep, 2018 to 29 Oct, 2018.

SP500 index has more chance of extreme outcomes than SIX. Therefore, SP500 must receive a lower allocation than SIX in your portfolio.

Based on your interest in SIX you may find it interesting to know that DFBG and HEAR have both shown remarkable performance this year and deserve to be on every investors' watchlist.