Doubt in the minds of ONLINEGAMING THEME investors as it delivered massive losses

Online Gaming World was among the worst performers on Tuesday. It fell by -0.31% to close at 874.245. It is currently trading -29% below it's 52 week high of 1248.04.

[Theme constituents]

Buy-and-Hold investors in ~ONLINEGAMING experienced a maximum drawdown of -18.42% over the last three months. It fell by -16.32% during this strong bearish trending period. There were no long signals during this period, where the short signal generated good profits of +16.32% for investors.

Trend

Monthly Performance

Alpha (outperformance)

Heatmap

Volatility

Return distribution

~ONLINEGAMING has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 14 Jun, 2018 to 8 Oct, 2018. Over the last 1 year and 2 months, ~ONLINEGAMING underperformed the SP500 index on 46% days. Which indicates that on days ~ONLINEGAMING underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months ~ONLINEGAMING was mostly loss making and delivered on average -0.26% per day. It's best return during this period (of +4.53%) was on Wednesday, 31 Oct, 2018. While it's worst loss in the same period (of -4.19%) was on Thursday, 18 Oct, 2018. The longest stort-term trends during this period were 4 profitable and losing days. The bullish trend (which returned +9.49%) started on 30 Oct, 2018 and went on till 2 Nov, 2018 while the bearish trend (which returned -4.73%) started on 13 Dec, 2018 and went on till 18 Dec, 2018.

During the last year ~ONLINEGAMING had 3 profitable months and 9 loss making months. ~ONLINEGAMING returned profits in fewer months than SP500 index. ~ONLINEGAMING was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -12.04% compared to -7.75% returned by SP500 index in Dec 2018. ~ONLINEGAMING had a longer winning streak of losing months than SP500 index. It went down in 7 straight months (from Jun 2018 to Dec 2018) during which period it delivered -30.01%. It is interesting to note that both ~ONLINEGAMING and SP500 index significantly outperform during months when quarterly/annual results are announced.

Many folks think they aren't good at earning money, when what they don't know is how to use it.
-- Frank A. Clark

~ONLINEGAMING 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 ~ONLINEGAMING's volatility from 19 Sep, 2018 to 31 Oct, 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 ~ONLINEGAMING has significant positive skewness in it's return distribution. This indicates that investors can expect ~ONLINEGAMING to recover from drawdowns quickly. Which makes ~ONLINEGAMING a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

Based on your interest in ~ONLINEGAMING you may find it interesting to know that AAXN and KEYS are both small caps that have shown remarkable performance and deserve to be on every investors' watchlist.