187.45 +1.36 (+0.73%) Buy

Are you evaluating investing in SPG? Consider as it delivered good returns

13 min read

SIMON PROPERTY GROUP INC delivered good returns on Tuesday. It grew by +0.73% to close at 187.45. It is currently trading +27% above it's 52 week low of 146.74 and is down only -1% from it's 52 week high.

[Themes containing SPG]

SPG showed a up trend over the last 3 months. During this period SPG grew by +1.36% and saw a maximum drawdown of -8.72%. There were 2 long signals during this period that returned a cumulative of +0.89% to investors.


SPG has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 7 days, SPG underperformed the SP500 index on 48% days. Which indicates that on days SPG underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months SPG was mostly profitable and delivered on average +0.03% per day. It's best return during this period (of +3.91%) was on Thursday, 25 Oct, 2018. While it's worst loss in the same period (of -2.66%) was on Thursday, 15 Nov, 2018. There was initially a bearish trend during this period which started on 1 Oct, 2018 and went on till 4 Oct, 2018. The trend delivered -4.39% losses to investors. This was followed by a bullish trend that started on 5 Nov, 2018 and ended on 9 Nov, 2018. This bullish trend delivered +4.52% to investors.

SPG had 9 profitable and 3 loss making months over the last year. SPG was profitable in more months than SP500 index. SPG significantly outperformed SP500 index in Jun 2018, when it returned +6.22% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. SPG and SP500 index, both had periods of 6 consecutive profitable months. It is interesting to note that both SPG and SP500 index significantly outperform during months when quarterly/annual results are announced.

"Confronted with a challenge to distill the secret of sound investment into three words, we venture the motto, Margin of Safety.

SPG 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 SPG's volatility from 13 Sep, 2018 to 2 Nov, 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 SPG has significant positive skewness in it's return distribution. This indicates that investors can expect SPG to recover from drawdowns quickly. Which makes SPG a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

Based on your interest in SPG you may find it interesting to know that EPIX, ICPT and IX are all extremely risky investment candidates that must be evaluated carefully. Investors with low risk profile are better off avoiding them till their performance becomes more consistent.

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