TEGNA INC

12.69 -0.29 (-2.31%) Buy

Search for alternative investments is on for TGNA investors as it performed worse than the broader market

13 min read

TEGNA INC ranked among the worst performers today. It returned -2.31% to close at 12.69. During the last week it returned -4.51% and saw a maximum drawdown of -4.51%.

[Themes containing TGNA]

TGNA is currently in a up trend. Over the last three months 2 bullish signals in TGNA have generated a profit of +4.56% for investors.

Trend

TGNA has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 3 days, TGNA underperformed the SP500 index on 49% days. Which indicates that on days TGNA underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months TGNA was mostly profitable and delivered on average +0.2% per day. It's best return during this period (of +6.07%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -7.74%) was on Wednesday, 24 Oct, 2018. There was initially a bearish trend during this period which started on 9 Oct, 2018 and went on till 11 Oct, 2018. The trend delivered -6.63% losses to investors. This was followed by a bullish trend that started on 21 Nov, 2018 and ended on 29 Nov, 2018. This bullish trend delivered +11.14% to investors.

On monthly basis, TGNA delivered profits and losses in equal number of months. TGNA delivered profits less regularly than SP500 index. TGNA significantly outperformed SP500 index in Nov 2018, when it returned +15.16% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. TGNA had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year.

All intelligent investing is value investing - acquiring more than you are paying for. You must value the business in order to value the stock .
-- Charles Thomas Munger

TGNA 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 TGNA's volatility from 10 Sep, 2018 to 2 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 TGNA has significant positive skewness in it's return distribution. This indicates that investors can expect TGNA to recover from drawdowns quickly. Which makes TGNA a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

On a general note (since you are interested in TGNA), two small cap instruments that deserve special mention are HQY and BURL. They have significantly outperformed the overall market.

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