SPIRE INC

79.47 +0.23 (+0.29%) Buy

Sun shines over SR investors as it outperforms broader market

13 min read

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.

[Themes containing SR]

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.

Trend

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.

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

Based on your interest in SR you may find it interesting to know that TPNL, ECYT and AMRN have all shown remarkable performance this year and deserve to be on every investor's watchlist.

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