WSFS continues its fall as more investors loose confidence
14 Dec, 201813 min read
Share with friends 
WSFS FINANCIAL CORP underperformed broader market on Friday. It delivered -0.03% to close at 39.59. On a day when the overall market breadth was 35%, it closed higher than 6% of the market. In comparison, the benchmark SP500 index closed today at -0.0191%.
WSFS is currently in a bearish trend. The current bearish signal has generated a profit of +17.95% for investors in the last three months.
WSFS has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 1 Aug, 2018 to 4 Dec, 2018. Over the last 2 years 11 months and 10 days, WSFS underperformed the SP500 index on 48% days. Which indicates that on days WSFS underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
During the last three months WSFS was mostly loss making and delivered on average -0.3% per day. It's best return during this period (of +4.89%) was on Thursday, 25 Oct, 2018. While it's worst loss in the same period (of -6.41%) was on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 5 losing days, which started on 18 Oct, 2018 and ended on 24 Oct, 2018. This bearish trend lost -12.13% of investor capital.
The last 12 months saw WSFS's investors making profits in 6 months and incurring losses in 6 months. WSFS was less consistent in delivering monthly returs than SP500 index. WSFS was also a more risky investment than SP500 index as it's worst month in the last year, Aug 2018, returned -13.93% compared to -7.28% returned by SP500 index in Oct 2018. WSFS had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year. It is interesting to note that both WSFS and SP500 index significantly outperform during months when quarterly/annual results are announced.
"Under capitalism, man exploits man. Under communism, it's just the opposite.
WSFS 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 WSFS's volatility from 18 Sep, 2018 to 25 Oct, 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 WSFS has significant positive skewness in it's return distribution. This indicates that investors can expect WSFS to recover from drawdowns quickly. Which makes WSFS a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
WSFS has more chance of extreme outcomes than the SP500 index. Therefore, WSFS must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than WSFS.
Based on your interest in WSFS you may find it interesting to know that APRN has shown remarkable performance and deserves to be on every investors' watchlist.
... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.
All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.
We want to empower investors with all the tools and analysis required by them to make a rational investment decision.
If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute