Home Improvement THEME

904.152 +5.43 (+0.6%) Sell

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HOMEIMPROVEMENT THEME investors hurt by serious losses

14 min read

Home Improvement is a falling knife that can bleed you if you catch it today. It increased by +0.6% to close at 904.152. It's recent 5 day performance has been -1.6%, -1.75%, -1.54%, +1.35% and -1.21%.

[Theme constituents]

~HOMEIMPROVEMENT is currently in a bearish trend. Over the last three months 2 bearish signals have generated a profit of +14.55% for investors.

Trend

~HOMEIMPROVEMENT has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 7 Aug, 2017 to 19 Oct, 2018. Over the last 1 year and 8 months, ~HOMEIMPROVEMENT underperformed the SP500 index on 51% days.

During the last three months ~HOMEIMPROVEMENT was mostly loss making and delivered on average -0.33% per day. It's best return during this period (of +5.63%) was on Friday, 2 Nov, 2018. While it's worst loss in the same period (of -6.19%) was on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 8 losing days, which started on 21 Sep, 2018 and ended on 2 Oct, 2018. This bearish trend lost -8.22% of investor capital.

During the last year ~HOMEIMPROVEMENT had 5 profitable months and 7 loss making months. ~HOMEIMPROVEMENT returned profits in fewer months than SP500 index. ~HOMEIMPROVEMENT was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -13.17% compared to -7.75% returned by SP500 index in Dec 2018. ~HOMEIMPROVEMENT had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Feb 2018 to Apr 2018) during which period it delivered -12.51%.

Money is multiplied in practical value depending on the number of W's you control in your life: what you do, when you do it, where you do it, and with whom you do it.
-- Timothy Ferriss

~HOMEIMPROVEMENT 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 ~HOMEIMPROVEMENT's volatility from 19 Sep, 2018 to 2 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 ~HOMEIMPROVEMENT has significant positive skewness in it's return distribution. This indicates that investors can expect ~HOMEIMPROVEMENT to recover from drawdowns quickly. Which makes ~HOMEIMPROVEMENT a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

Based on your interest in ~HOMEIMPROVEMENT you may find it interesting to know that PRQR, NFEC and I have all shown remarkable performance this year and deserve to be on every investor's watchlist.

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