SPIRE INC outperformed the broader market on Friday. It increased by +0.29% to close at 79.47. It is currently trading +29% above it's 52 week low of 61.3 and is down only -1% from it's 52 week high.
SR is currently in a bullish trend. Over the last three months 2 bullish signals in SR have generated a profit of +1.47% for investors.
SR has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 9 Feb, 2016 to 1 Feb, 2018. Over the last 2 years 11 months and 3 days, SR outperformed the SP500 index on 52% days.
During the last three months SR was mostly profitable and delivered on average +0.1% per day. It's best return during this period (of +2.99%) was on Friday, 16 Nov, 2018. While it's worst loss in the same period (of -2.56%) was on Wednesday, 19 Sep, 2018. The longest stort-term trend during this period was 7 profitable days, which started on 5 Nov, 2018 and went on till 13 Nov, 2018. This bullish trend returned +6.05% to investors.
During the last year SR had 7 profitable months and 5 loss making months. SR returned profits in fewer months than SP500 index. SR was also a more risky investment than SP500 index as it's worst month in the last year, Jan 2018, returned -10.26% compared to -7.28% returned by SP500 index in Oct 2018. SR had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.
I always said that if I wasn't studying psychopaths in prison, I'd do it at the stock exchange.
-- Robert D. Hare
SR 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 SR's volatility from 11 Sep, 2018 to 19 Nov, 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 SR has significant positive skewness in it's return distribution. This indicates that investors can expect SR to recover from drawdowns quickly. Which makes SR a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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