SJW GROUP delivered massive losses on Friday. It fell by -1.15% to close at 54.21. It is currently trading -20% below it's 52 week high of 68.15.
SJW showed a bearish trend over the last 3 months. During this period SJW fell by -7.49% and saw a maximum drawdown of -17.93%. There were 3 short signals during this period that returned a cumulative of +2.24% to investors.
SJW has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 4 Jan, 2016 to 29 Nov, 2017. Over the last 2 years 11 months and 3 days, SJW outperformed the SP500 index on 53% days.
SJW was profitable on 50% days in the last three months. During this time, it delivered on average -0.1% per day. It delivered it's worst daily return of -9.06%, during this period, on Tuesday, 27 Nov, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 18 Oct, 2018 and went on till 25 Oct, 2018. This bullish trend returned +5.83% to investors.
During the last year SJW had 5 profitable months and 7 loss making months. SJW returned profits in fewer months than SP500 index. SJW significantly outperformed SP500 index in Apr 2018, when it returned +16.97% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. SJW 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 SJW and SP500 index significantly outperform during months when quarterly/annual results are announced.
I never dreamed about success, I worked for it.
-- Estee Lauder
SJW 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 fall in SJW's volatility from 10 Sep, 2018 to 2 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 10 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that SJW 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.
Based on your interest in SJW you may find it interesting to know that NFEC has shown remarkable performance this year and deserves to be on every investors' watchlist.
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