40.93 0.0 (0.0%) Buy

TLP investors looking to cut their losses short

13 min read

TRANSMONTAIGNE PARTNERS L.P. delivered lacklustre performance today. It fell by 0.0% to close at 40.93. It's recent 5 day performance has been -0.17%, -0.15%, +0.05%, -0.02% and -0.07%.

[Themes containing TLP]

TLP is currently in a bullish trend. The previous long signal in TLP has not been profitable for investors in general. If you are invested in TLP at current levels please make sure that your allocation is limited and that your portfolio is well diversified.


TLP has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 26 Jan, 2017 to 9 Mar, 2018. Over the last 2 years 11 months and 8 days, TLP outperformed the SP500 index on 47% days. Which indicates that on days TLP outperforms the SP500 index, it's performance is marginally better than on the days it underperforms the SP500 index.

TLP returned losses on 58% days in the last three months. During this time, it delivered on average +0.1% per day. It delivered it's best daily return of +12.58%, during this period, on Monday, 26 Nov, 2018. The longest stort-term trend during this period was 5 losing days, which started on 9 Nov, 2018 and ended on 15 Nov, 2018. This bearish trend lost -2.9% of investor capital.

During the last year TLP had 6 profitable months and 6 loss making months. TLP returned profits in fewer months than SP500 index. TLP was also a more risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -9.8% compared to -7.28% returned by SP500 index in Oct 2018. TLP had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year. It is interesting to note that both TLP and SP500 index significantly outperform during months when quarterly/annual results are announced.

"Wide diversification is only required when investors do not understand what they are doing.

TLP is currently seeing overall fall in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant fall in TLP's volatility from 21 Nov, 2018 to 12 Dec, 2018. While there was a significant surge in the SP500 index's volatility from 13 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that TLP has significant negative skewness in it's return distribution. This indicates that TLP is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in TLP you may find it interesting to know that WGP has delivered similar performance as TLP and can be considered as an alternative investment candidate (to TLP).

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