SHAW COMMUNICATIONS INC (Foreign) outperformed on Tuesday. It surged by +0.7% to close at 18.7. On a day when the overall market breadth was 35%, it closed higher than 68% of the market. In comparison, the benchmark SP500 index closed today at -0.0004%.
SJR showed a bearish trend over the last 3 months. During this period SJR fell by -3.51% and saw a maximum drawdown of -7.69%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in SJR till volatility reduces and a clear trend emerges.
SJR has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 27 Jun, 2017 to 25 Sep, 2018. Over the last 2 years 11 months and 7 days, SJR underperformed the SP500 index on 50% days. Which indicates that on days SJR underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
SJR was profitable on 52% days in the last three months. During this time, it delivered on average -0.05% per day. It delivered it's worst daily return of -4.37%, during this period, on Wednesday, 10 Oct, 2018. The longest stort-term trend during this period was 5 profitable days, which started on 12 Sep, 2018 and went on till 18 Sep, 2018. This bullish trend returned +1.94% to investors.
During the last year SJR had 4 profitable months and 8 loss making months. SJR returned profits in fewer months than SP500 index. SJR was also a more risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -11.36% compared to -7.28% returned by SP500 index in Oct 2018. SJR had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Jan 2018 to Mar 2018) during which period it delivered -16.25%. It is interesting to note that both SJR and SP500 index significantly outperform during months when quarterly/annual results are announced.
Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we've got 24 hours each.
-- Christopher Rice
SJR 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 SJR's volatility from 14 Sep, 2018 to 25 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 14 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that SJR has significant positive skewness in it's return distribution. This indicates that investors can expect SJR to recover from drawdowns quickly. Which makes SJR a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.
All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.
We want to empower investors with all the tools and analysis required by them to make a rational investment decision.If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute