SSR MINING INC. (Foreign) delivered stellar performance on Thursday. It gained +2.46% to close at 11.67 which is it's 52 week high.
SSRM showed a strong up trend over the last 3 months. During this period SSRM gained +33.98% and saw a maximum drawdown of -10.82%. There were 4 long signals during this period that returned a cumulative of +14.59% to investors.
SSRM was profitable on 55% days in the last three months. During this time, it delivered on average +0.5% per day. It delivered it's best daily return of +12.31%, during this period, on Friday, 12 Oct, 2018. There was initially a bullish trend during this period which started on 10 Oct, 2018 and went on till 19 Oct, 2018. The bullish trend returned +21.52% to investors. This was followed by a bearish trend that started on 22 Oct, 2018 and ended on 29 Oct, 2018. This bearish trend lost -8.89% of investor capital.
On monthly basis, SSRM delivered profits in more months over the last year, than losses. SSRM delivered profits less regularly than SP500 index. SSRM was also a more risky investment than SP500 index as it's worst month in the last year, Aug 2018, returned -16.43% compared to -7.28% returned by SP500 index in Oct 2018. SSRM had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year. It is interesting to note that both SSRM and SP500 index significantly outperform during months when quarterly/annual results are announced.
Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.
-- Warren Edward Buffett
SSRM 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 SSRM's volatility from 14 Sep, 2018 to 12 Oct, 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 SSRM 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.
Based on your interest in SSRM you may find it interesting to know that TWTR is a mid cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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