Don't even consider investing in ASIANMKT THEME now, it is a really dangerous investment now

Asian Market was among the worst performers on Tuesday. It returned -0.12% to close at 1278.16. On a day when the overall market breadth was 35%, it closed higher than 73% of the market. In comparison, the benchmark SP500 index closed today at -0.0004%.

[Theme constituents]

~ASIANMKT showed a down trend over the last 3 months. During this period ~ASIANMKT returned -5.98% and saw a maximum drawdown of -11.35%. There was a short signal during this period which returned +5.98%.

Trend

Monthly Performance

Alpha (outperformance)

Heatmap

Volatility

Return distribution

~ASIANMKT has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 7 days, ~ASIANMKT underperformed the SP500 index on 47% days. Which indicates that on days ~ASIANMKT underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months ~ASIANMKT was mostly loss making and delivered on average -0.08% per day. It's best return during this period (of +4.96%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -3.64%) was on Wednesday, 24 Oct, 2018. There was initially a bullish trend during this period which started on 18 Sep, 2018 and went on till 21 Sep, 2018. The bullish trend returned +3.95% to investors. This was followed by a bearish trend that started on 1 Oct, 2018 and ended on 10 Oct, 2018. This bearish trend lost -8.3% of investor capital.

On monthly basis, ~ASIANMKT delivered losses in more months over the last year, than profits. ~ASIANMKT delivered profits less regularly than SP500 index. ~ASIANMKT was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -8.11% compared to -7.28% returned by SP500 index in Oct 2018. ~ASIANMKT had a longer winning streak of losing months than SP500 index. It went down in 6 straight months (from May 2018 to Oct 2018) during which period it delivered -20.8%. It is interesting to note that both ~ASIANMKT and SP500 index significantly outperform during months when quarterly/annual results are announced.

I always said that if I wasn't studying psychopaths in prison, I'd do it at the stock exchange.
-- Robert D. Hare

~ASIANMKT 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 ~ASIANMKT's volatility from 14 Sep, 2018 to 1 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 ~ASIANMKT has significant positive skewness in it's return distribution. This indicates that investors can expect ~ASIANMKT to recover from drawdowns quickly. Which makes ~ASIANMKT a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

Based on your interest in ~ASIANMKT you may find it interesting to know that AMZN, PFE and V are large caps that have all shown remarkable performance and qualify to be on every investor's watchlist.