TRMB delivered massive losses today. On a longer term basis, investors in TRIMBLE INC. made 0.0% per day. Tuesday's performance of -1.4% was a underperformance compared to it's daily average.
TRMB showed a strong bearish trend over the last 3 months. During this period TRMB delivered -24.15% and saw a maximum drawdown of -24.32%. There were 2 short signals during this period that returned a cumulative of +4.66% to investors.
TRMB has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 29 Jan, 2016 to 27 Oct, 2017. Over the last 2 years 11 months and 14 days, TRMB outperformed the SP500 index on 53% days.
During the last three months TRMB was mostly loss making and delivered on average -0.42% per day. It's best return during this period (of +4.21%) was on Tuesday, 16 Oct, 2018. While it's worst loss in the same period (of -5.56%) was on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 6 losing days, which started on 1 Oct, 2018 and ended on 8 Oct, 2018. This bearish trend lost -5.4% of investor capital.
The last 12 months saw TRMB's investors making profits in 5 months and incurring losses in 7 months. TRMB was less consistent in delivering monthly returs than SP500 index. TRMB significantly outperformed SP500 index in Aug 2018, when it returned +19.26% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. TRMB 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 -25.43%. It is interesting to note that both TRMB and SP500 index significantly outperform during months when quarterly/annual results are announced.
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-- Stephen A. Schwarzman
TRMB 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 surge in TRMB's volatility from 20 Sep, 2018 to 5 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that TRMB 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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