SENSATA TECHNOLOGIES HOLDING PLC ranked among the worst performers today. It lost -1.38% to close at 43.5. It's recent 5 day performance has been -0.27%, -3.47%, +0.35%, -4.44% and +3.29%.
ST showed a strong down trend over the last 3 months. During this period ST lost -15.71% and saw a maximum drawdown of -21.91%. There were 2 short signals during this period that returned a cumulative of +10.5% to investors.
ST has been underperforming the SP500 index in recent time, after having outperformed till 4 Jan, 2016. Over the last 2 years 11 months and 7 days, ST underperformed the SP500 index on 48% days. Which indicates that on days ST underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
ST returned losses on 59% days in the last three months. During this time, it delivered on average -0.25% per day. It delivered it's best daily return of +10.99%, during this period, on Tuesday, 30 Oct, 2018. There was initially a bullish trend during this period which started on 18 Sep, 2018 and went on till 21 Sep, 2018. The bullish trend returned +4.13% to investors. This was followed by a bearish trend that started on 24 Sep, 2018 and ended on 12 Oct, 2018. This bearish trend lost -17.31% of investor capital.
ST had 3 profitable and 9 loss making months over the last year. During the last year, ST underperformed SP500 index on monthly return basis. ST significantly outperformed SP500 index in Jul 2018, when it returned +12.15% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. ST had a longer winning streak of losing months than SP500 index. It went down in 5 straight months (from Aug 2018 to Dec 2018) during which period it delivered -21.4%. It is interesting to note that both ST and SP500 index significantly outperform during months when quarterly/annual results are announced.
There's more honor in investment management than in investment banking.
-- Charlie Munger
ST 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 ST's volatility from 13 Sep, 2018 to 30 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 ST 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.
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