Dr Copper THEME

2199.03 +3.56 (+0.16%) Sell

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Profit booking on the minds of DRCOPPER THEME investors as it ranks better than it's peers but, has not managed to breakout

14 min read

Dr Copper was among the best performers today. It returned +0.16% to close at 2199.03. It's recent 5 day performance has been -2.71%, -1.77%, +3.41%, -0.26% and -0.37%.

[Theme constituents]

~DRCOPPER is currently in a down trend. Over the last three months trading short signals has not been a profitable strategy for ~DRCOPPER's investors in general. However, this strategy had significantly lower risk when compared to Buy-and-Hold investing (which returned -0.68%). It is therefore better to tread with caution in the current downtrend by limiting your allocation to ~DRCOPPER.

Trend

~DRCOPPER has been underperforming the SP500 index in recent time, after having outperformed till 12 Jan, 2018. Over the last 2 years 11 months and 3 days, ~DRCOPPER outperformed the SP500 index on 50% days. Which indicates that on days ~DRCOPPER outperforms the SP500 index, it's performance is marginally better than on the days it underperforms the SP500 index.

During the last three months ~DRCOPPER delivered losses on 58% days. However, it still managed to end this period in a profit. It's best return during this period (of +6.57%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -4.51%) was on Friday, 23 Nov, 2018. There was initially a bullish trend during this period which started on 14 Sep, 2018 and went on till 21 Sep, 2018. The bullish trend returned +7.69% to investors. This was followed by a bearish trend that started on 16 Oct, 2018 and ended on 25 Oct, 2018. This bearish trend lost -10.93% of investor capital.

~DRCOPPER had 5 profitable and 7 loss making months over the last year. During the last year, ~DRCOPPER underperformed SP500 index on monthly return basis. ~DRCOPPER was also a more risky investment than SP500 index as it's worst month in the last year, Aug 2018, returned -11.04% compared to -7.28% returned by SP500 index in Oct 2018. ~DRCOPPER had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Jan 2018 to Mar 2018) during which period it delivered -10.95%.

I believe in capitalism for everybody, not necessarily high finance but capitalism that works for the working men and women of this country who are out there paddling alone in America right now.
-- Rick Santorum

~DRCOPPER 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 ~DRCOPPER'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 ~DRCOPPER 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.

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

On a general note (since you are interested in ~DRCOPPER), two small cap instruments that deserve special mention are ZBRA and AAXN. They have significantly outperformed the overall market.

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