Are you evaluating investing in OFFICESPACE THEME? Avoid as it was among the worst performers

Office Space was among the worst performers on Tuesday. It gained +1.05% to close at 1101.53. It is currently trading +11% above it's 52 week low of 991.8 and is down only -5% from it's 52 week high.

[Theme constituents]

~OFFICESPACE showed a down trend over the last 3 months. During this period ~OFFICESPACE lost -2.62% and saw a maximum drawdown of -6.78%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in ~OFFICESPACE till volatility reduces and a clear trend emerges.

Trend

Monthly Performance

Alpha (outperformance)

Heatmap

Volatility

Return distribution

~OFFICESPACE has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 14 days, ~OFFICESPACE underperformed the SP500 index on 46% days. Which indicates that on days ~OFFICESPACE underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

~OFFICESPACE returned losses on 53% days in the last three months. During this time, it delivered on average -0.03% per day. It delivered it's worst daily return of -3.62%, during this period, on Monday, 17 Dec, 2018. There was initially a bearish trend during this period which started on 1 Oct, 2018 and went on till 5 Oct, 2018. The trend delivered -3.3% losses to investors. This was followed by a bullish trend that started on 5 Nov, 2018 and ended on 9 Nov, 2018. This bullish trend delivered +3.81% to investors.

~OFFICESPACE had 7 profitable and 5 loss making months over the last year. During the last year, ~OFFICESPACE underperformed SP500 index on monthly return basis. ~OFFICESPACE was also a less risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -7.62% compared to -7.75% returned by SP500 index in Dec 2018. ~OFFICESPACE and SP500 index, both had periods of 6 consecutive profitable months.

Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time.
-- Johann Wolfgang von Goethe

~OFFICESPACE 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 fall in ~OFFICESPACE's volatility from 19 Sep, 2018 to 27 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 ~OFFICESPACE has significant positive skewness in it's return distribution. This indicates that investors can expect ~OFFICESPACE to recover from drawdowns quickly. Which makes ~OFFICESPACE a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

On a general note (since you are interested in ~OFFICESPACE), LULU is a mid cap that deserves to be closely tracked for investment opportunities.