USM was among the best performers today. On a longer term basis, investors in UNITED STATES CELLULAR CORP made +0.05% per day. Wednesday's performance of +3.16% was a significant outperformance compared to it's daily average.
Buy-and-Hold investors in USM experienced a maximum drawdown of -8.41% over the last three months. It returned +23.98% during this strong up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals. The net profit from Long signals was +16.9%.
During the last three months USM was mostly profitable and delivered on average +0.38% per day. It's best return during this period (of +17.87%) was on Friday, 2 Nov, 2018. While it's worst loss in the same period (of -5.95%) was on Monday, 5 Nov, 2018. There was initially a bullish trend during this period which started on 2 Oct, 2018 and went on till 5 Oct, 2018. The bullish trend returned +2.9% to investors. This was followed by a bearish trend that started on 24 Oct, 2018 and ended on 29 Oct, 2018. This bearish trend lost -7.72% of investor capital.
USM had 8 profitable and 4 loss making months over the last year. During the last year, number of profitable months of USM and SP500 index were the same. USM significantly outperformed SP500 index in Aug 2018, when it returned +24.45% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. USM had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year.
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USM 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 USM's volatility from 18 Sep, 2018 to 5 Nov, 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 USM 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 USM), if you are evaluating USM as an investment candidate, then you should read about GBLI which has delivered similar performance and can help diversify your portfolio.
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