SPXC investors dump it
17 Dec, 201813 min read
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SPX CORP was among the worst performers today. It fell by -2.01% to close at 26.33. It's recent 5 day performance has been -2.33%, 0.0%, +1.63%, +0.22% and -0.04%.
SPXC is currently in a bearish trend. Over the last three months 2 bearish signals have generated a profit of +19.62% for investors.
SPXC has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 12 Jan, 2016 to 12 Jun, 2018. Over the last 2 years 11 months and 10 days, SPXC outperformed the SP500 index on 50% days. Which indicates that on days SPXC outperforms the SP500 index, it's performance is marginally better than on the days it underperforms the SP500 index.
During the last three months SPXC was mostly loss making and delivered on average -0.44% per day. It's best return during this period (of +4.07%) was on Wednesday, 28 Nov, 2018. While it's worst loss in the same period (of -8.6%) was on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 8 losing days, which started on 21 Sep, 2018 and ended on 2 Oct, 2018. This bearish trend lost -8.25% of investor capital.
During the last year SPXC had 6 profitable months and 6 loss making months. SPXC returned profits in fewer months than SP500 index. SPXC was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -11.12% compared to -7.28% returned by SP500 index in Oct 2018. SPXC had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year.
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SPXC 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 SPXC's volatility from 28 Sep, 2018 to 2 Nov, 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 SPXC has significant positive skewness in it's return distribution. This indicates that investors can expect SPXC to recover from drawdowns quickly. Which makes SPXC a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
SP500 index has more chance of extreme outcomes than SPXC. Therefore, SP500 must receive a lower allocation than SPXC in your portfolio. SPXC usually has shorter drawdown period than the SP500 index.
On a general note (since you are interested in SPXC), two instruments that deserve special mention are TPNL and ECYT. They have significantly outperformed the overall market this year.
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