Want to invest in SSRM? Consider as it delivered stellar performance
13 Dec, 201813 min read
Share with friends 
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 has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 9 days, SSRM outperformed the SP500 index on 51% days.
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.
SSRM has more chance of extreme outcomes than the SP500 index. Therefore, SSRM must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than SSRM.
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.
... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.
All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.
We want to empower investors with all the tools and analysis required by them to make a rational investment decision.
If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute