LEISURETIME THEME investors dump it for better alternatives
18 Dec, 201814 min read
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Leisure Time was among the worst performers today. It lost -0.77% to close at 1281.6. During the last week it lost -5.67% and saw a maximum drawdown of -5.67%.
Buy-and-Hold investors in ~LEISURETIME experienced a maximum drawdown of -24.33% over the last three months. It lost -23.77% during this strong down trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +21.41%.
~LEISURETIME has been underperforming the SP500 index in recent time, after having outperformed till 26 Sep, 2018. Over the last 2 years and 2 months, ~LEISURETIME outperformed the SP500 index on 52% days.
During the last three months ~LEISURETIME was mostly loss making and delivered on average -0.41% per day. It's best return during this period (of +5.02%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -4.96%) was on Tuesday, 4 Dec, 2018. There was initially a bearish trend during this period which started on 4 Oct, 2018 and went on till 12 Oct, 2018. The trend delivered -7.7% losses to investors. This was followed by a bullish trend that started on 30 Oct, 2018 and ended on 2 Nov, 2018. This bullish trend delivered +8.48% to investors.
~LEISURETIME had 8 profitable and 4 loss making months over the last year. During the last year, number of profitable months of ~LEISURETIME and SP500 index were the same. ~LEISURETIME was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -15.5% compared to -7.75% returned by SP500 index in Dec 2018. ~LEISURETIME had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.
"Your net worth to the world is usually determined by what remains after your bad habits are subtracted from your good ones.
~LEISURETIME 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 ~LEISURETIME's volatility from 21 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 ~LEISURETIME has significant positive skewness in it's return distribution. This indicates that investors can expect ~LEISURETIME to recover from drawdowns quickly. Which makes ~LEISURETIME a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
~LEISURETIME has more chance of extreme outcomes than the SP500 index. Therefore, ~LEISURETIME must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than ~LEISURETIME.
On a general note (since you are interested in ~LEISURETIME), two instruments that have been extremely volatile in recent times are ICPT and VIPS. Investors in these instruments should consider reducing their exposure (to ICPT and VIPS) and diversifying their portfolios.
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