No Glass Ceilings THEME

1333.5 -3.09 (-0.23%) Sell

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Doubt in the minds of NOGLASSCEILINGS THEME investors as it was among the worst performers

14 min read

No Glass Ceilings was among the worst performers on Tuesday. It fell by -0.23% to close at 1333.5. It is currently trading -9% below it's 52 week high of 1480.72.

[Theme constituents]

Buy-and-Hold investors in ~NOGLASSCEILINGS experienced a maximum drawdown of -7.62% over the last three months. It fell by -6.66% during this bearish 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 +0.36%.

Trend

~NOGLASSCEILINGS has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 29 Nov, 2017 to 3 Oct, 2018. Over the last 2 years 11 months and 14 days, ~NOGLASSCEILINGS outperformed the SP500 index on 55% days.

During the last three months ~NOGLASSCEILINGS was mostly loss making and delivered on average -0.11% per day. It's best return during this period (of +2.17%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -2.76%) was on Tuesday, 4 Dec, 2018. The longest stort-term trends during this period were 5 profitable and losing days. The bullish trend (which returned +4.61%) started on 1 Nov, 2018 and went on till 7 Nov, 2018 while the bearish trend (which returned -1.16%) started on 1 Oct, 2018 and went on till 5 Oct, 2018.

During the last year ~NOGLASSCEILINGS had 8 profitable months and 4 loss making months. Profitable number of months of ~NOGLASSCEILINGS and SP500 index were the same. ~NOGLASSCEILINGS was also a less risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -7.1% compared to -7.75% returned by SP500 index in Dec 2018. ~NOGLASSCEILINGS and SP500 index, both had periods of 6 consecutive profitable months. It is interesting to note that both ~NOGLASSCEILINGS and SP500 index significantly outperform during months when quarterly/annual results are announced.

Making money from enforcing patents is no more wrong than investing in preferred stock.
-- Nathan Myhrvold

~NOGLASSCEILINGS 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 ~NOGLASSCEILINGS's volatility from 19 Sep, 2018 to 4 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 ~NOGLASSCEILINGS has significant positive skewness in it's return distribution. This indicates that investors can expect ~NOGLASSCEILINGS to recover from drawdowns quickly. Which makes ~NOGLASSCEILINGS a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

Based on your interest in ~NOGLASSCEILINGS you may find it interesting to know that PFE, V and CSCO are large caps that have all shown remarkable performance and qualify to be on every investor's watchlist.

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