~FREIGHT significantly underperformed today. On a longer term basis, investors in Transporting America made +0.06% per day. Tuesday's performance of +0.45% was a outperformance compared to it's daily average.
~FREIGHT showed a strong bearish trend over the last 3 months. During this period ~FREIGHT delivered -16.41% and saw a maximum drawdown of -16.9%. There were 3 short signals during this period that returned a cumulative of +9.21% to investors.
~FREIGHT has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 14 Jan, 2016 to 10 Sep, 2018. Over the last 2 years 11 months and 14 days, ~FREIGHT outperformed the SP500 index on 52% days.
During the last three months ~FREIGHT was mostly loss making and delivered on average -0.27% per day. It's best return during this period (of +2.8%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -4.38%) was on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 6 losing days, which started on 4 Oct, 2018 and ended on 11 Oct, 2018. This bearish trend lost -7.66% of investor capital.
The last 12 months saw ~FREIGHT's investors making profits in 8 months and incurring losses in 4 months. During the last year, ~FREIGHT and SP500 index had the same number of profitable months. ~FREIGHT was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -12.19% compared to -7.75% returned by SP500 index in Dec 2018. ~FREIGHT had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year. It is interesting to note that both ~FREIGHT and SP500 index significantly outperform during months when quarterly/annual results are announced.
"Wealth consists not in having great possessions, but in having few wants.
~FREIGHT is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in ~FREIGHT's volatility from 20 Sep, 2018 to 7 Dec, 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 ~FREIGHT has significant positive skewness in it's return distribution. This indicates that investors can expect ~FREIGHT to recover from drawdowns quickly. Which makes ~FREIGHT a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
~FREIGHT has more chance of extreme outcomes than the SP500 index. Therefore, ~FREIGHT must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than ~FREIGHT.
... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.
All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.
We want to empower investors with all the tools and analysis required by them to make a rational investment decision.If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute