SUNCOKE ENERGY PARTNERS, L.P. is a falling knife that can bleed you if you catch it today. It returned -3.42% to close at 11.29. It's recent 5 day performance has been -1.27%, -0.17%, +0.34%, -1.58% and -0.66%.
SXCP is currently in a down trend. The current bearish signal has generated a profit of +22.19% for investors in the last three months.
SXCP has been underperforming the SP500 index in recent time, after having outperformed till 14 Nov, 2016. Over the last 2 years 11 months and 10 days, SXCP outperformed the SP500 index on 49% days. Which indicates that on days SXCP outperforms the SP500 index, it's performance is marginally better than on the days it underperforms the SP500 index.
SXCP returned losses on 67% days in the last three months. During this time, it delivered on average -0.5% per day. It delivered it's worst daily return of -4.88%, during this period, on Wednesday, 14 Nov, 2018. There was initially a bullish trend during this period which started on 1 Nov, 2018 and went on till 7 Nov, 2018. The bullish trend returned +5.93% to investors. This was followed by a bearish trend that started on 16 Nov, 2018 and ended on 27 Nov, 2018. This bearish trend lost -10.05% of investor capital.
On monthly basis, SXCP delivered losses in more months over the last year, than profits. SXCP delivered profits less regularly than SP500 index. SXCP significantly outperformed SP500 index in Jan 2018, when it returned +14.37% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. SXCP had a longer winning streak of losing months than SP500 index. It went down in 5 straight months (from Feb 2018 to Jun 2018) during which period it delivered -28.72%. It is interesting to note that both SXCP and SP500 index significantly outperform during months when quarterly/annual results are announced.
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SXCP is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in SXCP's volatility from 21 Sep, 2018 to 14 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that SXCP 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.
On a general note (since you are interested in SXCP), two instruments that have delivered similar performance as SXCP are PBI and CSTE. They are suitable as good alternative investment candidates that can diversify your portfolio.
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