SMART SAND, INC.

2.78 +0.01 (+0.36%) Sell

SND does a dead cat bounce, it's still too early to buy into it

13 min read

SMART SAND, INC. delivered stellar performance on Friday. It gained +0.36% to close at 2.78. On a day when the overall market breadth was 35%, it closed higher than 92% of the market. In comparison, the benchmark SP500 index closed today at -0.0191%.

[Themes containing SND]

SND is currently in a down trend. Over the last three months 2 bearish signals have generated a profit of +32.09% for investors.

Trend

SND has been outperforming the SP500 index in recent time. Over the last 2 years 1 month and 10 day, SND underperformed the SP500 index on 52% days.

SND returned losses on 59% days in the last three months. During this time, it delivered on average -0.74% per day. It delivered it's worst daily return of -19.76%, during this period, on Wednesday, 17 Oct, 2018. There was initially a bullish trend during this period which started on 19 Sep, 2018 and went on till 24 Sep, 2018. The bullish trend returned +3.73% to investors. This was followed by a bearish trend that started on 25 Sep, 2018 and ended on 28 Sep, 2018. This bearish trend lost -18.91% of investor capital.

On monthly basis, SND delivered losses in more months over the last year, than profits. SND delivered profits less regularly than SP500 index. SND was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -36.83% compared to -7.28% returned by SP500 index in Oct 2018. SND had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Aug 2018 to Oct 2018) during which period it delivered -68.44%. It is interesting to note that both SND and SP500 index significantly outperform during months when quarterly/annual results are announced.

"My father, being a Scotsman, taught me to look after finances. I'm shrewd. Some people may call me tight.

SND 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 SND's volatility from 18 Sep, 2018 to 17 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that SND has positive skewness in it's return distribution. This indicates that investors can expect SND to make attempts to recover from drawdowns quickly. Which makes SND a good candidate for momentum based trading on short-term bullish trends or counter-trends.

SND has more chance of extreme outcomes than the SP500 index. Therefore, SND must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than SND.

On a general note (since you are interested in SND), PTC is a small cap that deserves to be closely tracked for investment opportunities.

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