Cleantech Everywhere THEME

1151.99 -14.86 (-1.29%) Sell

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CLEANTECH THEME investors looking to exit as part of sectoral rotation

14 min read

Cleantech Everywhere was among the worst performers on Tuesday. It delivered -1.29% to close at 1151.99. On a day when the overall market breadth was 34%, it closed higher than 73% of the market. In comparison, the benchmark SP500 index closed today at +0.01%.

[Theme constituents]

Buy-and-Hold investors in ~CLEANTECH experienced a maximum drawdown of -13.75% over the last three months. It delivered -9.38% during this bearish trending period. There were no long signals during this period, where the short signal generated good profits of +9.38% for investors.

Trend

~CLEANTECH has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 23 Mar, 2017 to 21 May, 2018. Over the last 2 years and 5 months, ~CLEANTECH underperformed the SP500 index on 47% days. Which indicates that on days ~CLEANTECH underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months ~CLEANTECH was mostly loss making and delivered on average -0.14% per day. It's best return during this period (of +4.13%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -4.42%) was on Wednesday, 10 Oct, 2018. The longest stort-term trends during this period were 6 profitable and losing days. The bullish trend (which returned +11.97%) started on 29 Oct, 2018 and went on till 5 Nov, 2018 while the bearish trend (which returned -11.03%) started on 17 Oct, 2018 and went on till 24 Oct, 2018.

The last 12 months saw ~CLEANTECH's investors making profits in 4 months and incurring losses in 8 months. ~CLEANTECH was less consistent in delivering monthly returs than SP500 index. ~CLEANTECH was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -10.1% compared to -7.75% returned by SP500 index in Dec 2018. ~CLEANTECH had a longer winning streak of losing months than SP500 index. It went down in 5 straight months (from Jun 2018 to Oct 2018) during which period it delivered -16.09%.

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~CLEANTECH 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 ~CLEANTECH's volatility from 19 Sep, 2018 to 1 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.

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

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

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

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