Office Space THEME

1101.53 +11.58 (+1.05%) Sell

Optimize theme

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

14 min read

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

~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.

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
Following
Symbol Price {{retType}} | Tr.
{{detail.symbol}} {{detail.close}} {{detail.priceChange}}  {{detail.pctChange}}%  {{detail.name}} {{detail.trend}} 
 
If you liked what you read here ...

... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.

All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.

We want to empower investors with all the tools and analysis required by them to make a rational investment decision.

If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute
Share with friends   WhatsApp   Facebook   Twitter