Search for alternative investments is on for CASINOGAMBLING THEME investors as it shows weakness

Casino Gambling has destroyed investor wealth on Friday. It fell by -2.95% to close at 1524.07. On a day when the overall market breadth was 35%, it closed higher than 78% of the market. In comparison, the benchmark SP500 index closed today at -0.0233%.

[Theme constituents]

~CASINOGAMBLING is currently in a bullish trend. Over the last three months trading long signals has not been a profitable strategy for ~CASINOGAMBLING's investors in general. However, this strategy had significantly lower risk when compared to Buy-and-Hold investing (which returned -16.55%). It is therefore better to tread with caution in the current uptrend by limiting your allocation to ~CASINOGAMBLING.

Trend

Monthly Performance

Alpha (outperformance)

Heatmap

Volatility

Return distribution

~CASINOGAMBLING has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 20 May, 2016 to 21 May, 2018. Over the last 2 years 7 months and 10 days, ~CASINOGAMBLING outperformed the SP500 index on 55% days.

During the last three months ~CASINOGAMBLING was mostly loss making and delivered on average -0.26% per day. It's best return during this period (of +4.89%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -5.56%) was on Friday, 9 Nov, 2018. The longest stort-term trends during this period were 5 profitable and losing days. The bullish trend (which returned +3.48%) started on 10 Sep, 2018 and went on till 14 Sep, 2018 while the bearish trend (which returned -13.75%) started on 18 Oct, 2018 and went on till 24 Oct, 2018.

During the last year ~CASINOGAMBLING had 5 profitable months and 7 loss making months. ~CASINOGAMBLING returned profits in fewer months than SP500 index. ~CASINOGAMBLING was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -15.77% compared to -7.28% returned by SP500 index in Oct 2018. ~CASINOGAMBLING had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Aug 2018 to Oct 2018) during which period it delivered -27.93%. It is interesting to note that both ~CASINOGAMBLING and SP500 index significantly outperform during months when quarterly/annual results are announced.

I will never be in the stock market. It's just gambling. I'm a gambler, but I'll gamble on the practicality of things.
-- Jeremy Renner

~CASINOGAMBLING 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 ~CASINOGAMBLING's volatility from 10 Sep, 2018 to 1 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 10 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that ~CASINOGAMBLING has significant positive skewness in it's return distribution. This indicates that investors can expect ~CASINOGAMBLING to recover from drawdowns quickly. Which makes ~CASINOGAMBLING a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

Based on your interest in ~CASINOGAMBLING you may find it interesting to know that EHC and ZBRA are both small caps that have shown remarkable performance and deserve to be on every investors' watchlist.