MINING THEME continues to mint money for it's investors

Mining outperformed the broader market on Tuesday. It increased by +1.73% to close at 995.031. It is currently trading -14% below it's 52 week high of 1170.6.

[Theme constituents]

Buy-and-Hold investors in ~MINING experienced a maximum drawdown of -7.38% over the last three months. It increased by +5.75% during this bullish trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals.

Trend

Monthly Performance

Alpha (outperformance)

Heatmap

Volatility

Return distribution

~MINING has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 7 Sep, 2017 to 11 Sep, 2018. Over the last 1 year 4 months and 2 days, ~MINING underperformed the SP500 index on 49% days. Which indicates that on days ~MINING underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months ~MINING delivered losses on 51% days. However, it still managed to end this period in a profit. It's best return during this period (of +4.19%) was on Thursday, 11 Oct, 2018. While it's worst loss in the same period (of -3.03%) was on Friday, 23 Nov, 2018. The longest stort-term trend during this period was 6 losing days, which started on 3 Oct, 2018 and ended on 10 Oct, 2018. This bearish trend lost -4.4% of investor capital.

During the last year ~MINING had 7 profitable months and 5 loss making months. ~MINING returned profits in fewer months than SP500 index. ~MINING was also a more risky investment than SP500 index as it's worst month in the last year, Aug 2018, returned -10.73% compared to -7.75% returned by SP500 index in Dec 2018. ~MINING had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.

The hardest thing to understand in the world is the income tax.
-- Albert Einstein

~MINING 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 ~MINING's volatility from 22 Oct, 2018 to 28 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 ~MINING has significant positive skewness in it's return distribution. This indicates that investors can expect ~MINING to recover from drawdowns quickly. Which makes ~MINING a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

Based on your interest in ~MINING you may find it interesting to know that NVCN and IX are highly volatile and therefore risky. Investors should consider limiting their exposure to these instruments (because of their volatile nature).