EATINGOUT THEME is a falling knife, continues to bleed every investor trying to catch it

Eating Out is a falling knife that can bleed you if you catch it on Tuesday. It gained +0.25% to close at 1166.62. On a day when the overall market breadth was 34%, it closed higher than 71% of the market. In comparison, the benchmark SP500 index closed today at +0.01%.

[Theme constituents]

~EATINGOUT is currently in a down trend. Over the last three months 3 bearish signals have generated a profit of +5.87% for investors.

Trend

Monthly Performance

Alpha (outperformance)

Heatmap

Volatility

Return distribution

~EATINGOUT has been outperforming the SP500 index in recent time. Over the last 2 years 2 months and 1 days, ~EATINGOUT underperformed the SP500 index on 47% days. Which indicates that on days ~EATINGOUT underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

~EATINGOUT returned losses on 58% days in the last three months. During this time, it delivered on average -0.15% per day. It delivered it's worst daily return of -2.15%, during this period, on Friday, 7 Dec, 2018. There was initially a bullish trend during this period which started on 25 Sep, 2018 and went on till 28 Sep, 2018. The bullish trend returned +2.5% to investors. This was followed by a bearish trend that started on 1 Oct, 2018 and ended on 4 Oct, 2018. This bearish trend lost -2.94% of investor capital.

~EATINGOUT had 5 profitable and 7 loss making months over the last year. During the last year, ~EATINGOUT underperformed SP500 index on monthly return basis. ~EATINGOUT significantly outperformed SP500 index in Apr 2018, when it returned +7.49% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. ~EATINGOUT and SP500 index, both had periods of 2 consecutive losing months. It is interesting to note that both ~EATINGOUT and SP500 index significantly outperform during months when quarterly/annual results are announced.

"Hats have been my thing pretty much my whole life but finance has not. I would go to the corner store and buy really cheap baseball style caps and wear those to school.

~EATINGOUT is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in ~EATINGOUT's volatility from 20 Sep, 2018 to 30 Oct, 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 ~EATINGOUT has significant positive skewness in it's return distribution. This indicates that investors can expect ~EATINGOUT to recover from drawdowns quickly. Which makes ~EATINGOUT a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

On a general note (since you are interested in ~EATINGOUT), three large cap instruments that deserve special mention are AMZN, MSFT and PFE. They have all outperformed the market and must be closely watched for investment opportunities.