Office And Business Equipment THEME

551.692 +3.45 (+0.63%) Sell

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OFFICEEQUIPMENT THEME investors dump it for better alternatives

13 min read

Office and Business Equipment was among the worst performers on Tuesday. It gained +0.63% to close at 551.692. It is currently trading -48% below it's 52 week high of 1065.43.

[Theme constituents]

~OFFICEEQUIPMENT is currently in a down trend. Over the last three months 2 bearish signals have generated a profit of +7.58% for investors.


~OFFICEEQUIPMENT has been underperforming the SP500 index in recent time, after having outperformed till 18 Mar, 2016. Over the last 2 years 11 months and 14 days, ~OFFICEEQUIPMENT underperformed the SP500 index on 51% days.

~OFFICEEQUIPMENT returned losses on 53% days in the last three months. During this time, it delivered on average -0.16% per day. It delivered it's best daily return of +8.12%, during this period, on Thursday, 1 Nov, 2018. There was initially a bullish trend during this period which started on 1 Nov, 2018 and went on till 8 Nov, 2018. The bullish trend returned +14.09% to investors. This was followed by a bearish trend that started on 4 Dec, 2018 and ended on 11 Dec, 2018. This bearish trend lost -17.57% of investor capital.

~OFFICEEQUIPMENT had 3 profitable and 9 loss making months over the last year. During the last year, ~OFFICEEQUIPMENT underperformed SP500 index on monthly return basis. ~OFFICEEQUIPMENT significantly outperformed SP500 index in Jan 2018, when it returned +56.03% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. ~OFFICEEQUIPMENT had a longer winning streak of losing months than SP500 index. It went down in 6 straight months (from May 2018 to Oct 2018) during which period it delivered -31.17%. It is interesting to note that both ~OFFICEEQUIPMENT and SP500 index significantly outperform during months when quarterly/annual results are announced.

Success is walking from failure to failure with no loss of enthusiasm.
-- Winston Churchill

~OFFICEEQUIPMENT is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in ~OFFICEEQUIPMENT's volatility from 21 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 ~OFFICEEQUIPMENT has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.

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

On a general note (since you are interested in ~OFFICEEQUIPMENT), NSPR has performed really well and deserves to be closely tracked for investment opportunities.

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