TRINSEO S.A. is a falling knife that can bleed you if you catch it today. It lost -1.45% to close at 44.76. It's recent 5 day performance has been -1.5%, -1.43%, +0.58%, -0.98% and +1.21%.
TSE showed a strong down trend over the last 3 months. During this period TSE lost -42.39% and saw a maximum drawdown of -45.11%. There were 2 short signals during this period that returned a cumulative of +23.41% to investors.
During the last three months TSE was mostly loss making and delivered on average -0.78% per day. It's best return during this period (of +6.72%) was on Thursday, 15 Nov, 2018. While it's worst loss in the same period (of -20.84%) was on Wednesday, 10 Oct, 2018. There was initially a bullish trend during this period which started on 25 Sep, 2018 and went on till 28 Sep, 2018. The bullish trend returned +3.0% to investors. This was followed by a bearish trend that started on 17 Oct, 2018 and ended on 24 Oct, 2018. This bearish trend lost -15.99% of investor capital.
TSE had 5 profitable and 7 loss making months over the last year. During the last year, TSE underperformed SP500 index on monthly return basis. TSE was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -31.18% compared to -7.28% returned by SP500 index in Oct 2018. TSE 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 TSE and SP500 index significantly outperform during months when quarterly/annual results are announced.
Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time.
-- Johann Wolfgang von Goethe
TSE 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 TSE's volatility from 25 Sep, 2018 to 13 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 TSE has significant positive skewness in it's return distribution. This indicates that investors can expect TSE to recover from drawdowns quickly. Which makes TSE a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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