AQUAVENTURE HOLDINGS LTD

18.65 -0.1 (-0.53%) Buy

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

13 min read

AQUAVENTURE HOLDINGS LTD was among the worst performers today. It fell by -0.53% to close at 18.65. It's recent 5 day performance has been +3.82%, +1.06%, -0.28%, -2.29% and -2.34%.

[Themes containing WAAS]

WAAS is currently in a bullish trend. Over the last three months Buy-and-Hold has been a better strategy (returning +8.49%) for WAAS's investors than trading long signals.

Trend

WAAS has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 19 Dec, 2016 to 23 Feb, 2018. Over the last 2 years 2 months and 5 days, WAAS underperformed the SP500 index on 51% days.

During the last three months WAAS delivered losses on 56% days. However, it still managed to end this period in a profit. It's best return during this period (of +13.31%) was on Wednesday, 7 Nov, 2018. While it's worst loss in the same period (of -7.01%) was on Thursday, 11 Oct, 2018. The longest stort-term trends during this period were 5 profitable and losing days. The bullish trend (which returned +10.45%) started on 15 Oct, 2018 and went on till 19 Oct, 2018 while the bearish trend (which returned -11.2%) started on 22 Oct, 2018 and went on till 26 Oct, 2018.

During the last year WAAS had 5 profitable months and 7 loss making months. WAAS returned profits in fewer months than SP500 index. WAAS significantly outperformed SP500 index in Apr 2018, when it returned +22.37% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. WAAS 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 WAAS and SP500 index significantly outperform during months when quarterly/annual results are announced.

Frugality includes all the other virtues.
-- Cicero

WAAS 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 WAAS's volatility from 12 Sep, 2018 to 11 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 14 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that WAAS 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.

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

On a general note (since you are interested in WAAS), two large cap instruments that deserve special mention are V and MSFT. They have significantly outperformed the overall market.

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