SONY CORP (Foreign) ranked among the worst performers on Friday. It delivered -1.74% to close at 51.29. On a day when the overall market breadth was 35%, it closed higher than 85% of the market. In comparison, the benchmark SP500 index closed today at -0.0191%.
SNE is currently in a bearish trend. The current bearish signal has generated a profit of +3.37% for investors in the last three months.
SNE has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 28 Jan, 2016 to 28 Sep, 2018. Over the last 2 years 11 months and 10 days, SNE outperformed the SP500 index on 53% days.
During the last three months SNE was mostly loss making and delivered on average -0.21% per day. It's best return during this period (of +4.76%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -4.91%) was on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 5 losing days, which started on 8 Nov, 2018 and ended on 14 Nov, 2018. This bearish trend lost -7.62% of investor capital.
The last 12 months saw SNE's investors making profits in 7 months and incurring losses in 5 months. SNE was less consistent in delivering monthly returs than SP500 index. SNE was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -10.65% compared to -7.28% returned by SP500 index in Oct 2018. SNE had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year.
"Finance is wholly different from the rest the economy.
SNE 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 SNE's volatility from 3 Oct, 2018 to 30 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 SNE 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.
Investors trading in SNE derivatives at this moment can consider 'Married Put' options strategy to receive better risk-adjusted returns.
Based on your interest in SNE you may find it interesting to know that KEYS is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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