Waiting to invest in WING? Consider it, because it ranked better than it's peers
12 Dec, 201813 min read
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WING ranked among the best performers today. On a longer term basis, investors in WINGSTOP INC. made -0.05% per day. Wednesday's performance of +1.96% was a outperformance compared to it's daily average.
WING showed a bearish trend over the last 3 months. During this period WING delivered -2.09% and saw a maximum drawdown of -17.25%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in WING till volatility reduces and a clear trend emerges.
WING has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 7 Mar, 2017 to 16 Oct, 2018. Over the last 2 years 11 months and 8 days, WING outperformed the SP500 index on 53% days.
During the last three months WING was mostly loss making and delivered on average -0.01% per day. It's best return during this period (of +4.57%) was on Monday, 10 Dec, 2018. While it's worst loss in the same period (of -5.39%) was on Monday, 3 Dec, 2018. The longest stort-term trend during this period was 6 losing days, which started on 17 Oct, 2018 and ended on 24 Oct, 2018. This bearish trend lost -11.58% of investor capital.
The last 12 months saw WING's investors making profits in 8 months and incurring losses in 4 months. During the last year, WING and SP500 index had the same number of profitable months. WING significantly outperformed SP500 index in Aug 2018, when it returned +35.66% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. WING had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year.
I never dreamed about success, I worked for it.
-- Estee Lauder
WING 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 WING's volatility from 13 Sep, 2018 to 30 Oct, 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 WING 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.
SP500 index has more chance of extreme outcomes than WING. Therefore, SP500 must receive a lower allocation than WING in your portfolio. SP500 index usually has shorter drawdown period than WING.
Based on your interest in WING you may find it interesting to know that NFEC has shown remarkable performance this year and deserves to be on every investors' watchlist.
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