Onward Online Ads THEME

1367.26 -9.84 (-0.72%) Sell

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ONWARDONLINEADS THEME investors disappointed by market underperformance

14 min read

Onward Online Ads was among the worst performers on Friday. It returned -0.72% to close at 1367.26. On a day when the overall market breadth was 35%, it closed higher than 82% of the market. In comparison, the benchmark SP500 index closed today at -0.0191%.

[Theme constituents]

~ONWARDONLINEADS is currently in a down trend. The current bearish signal has generated a profit of +9.66% for investors in the last three months.

Trend

~ONWARDONLINEADS has been outperforming the SP500 index in recent time. Over the last 1 year 7 months and 2 days, ~ONWARDONLINEADS outperformed the SP500 index on 52% days.

During the last three months ~ONWARDONLINEADS was mostly loss making and delivered on average -0.14% per day. It's best return during this period (of +4.6%) was on Wednesday, 31 Oct, 2018. While it's worst loss in the same period (of -4.3%) was on Wednesday, 24 Oct, 2018. There was initially a bullish trend during this period which started on 17 Sep, 2018 and went on till 20 Sep, 2018. The bullish trend returned +3.13% to investors. This was followed by a bearish trend that started on 4 Oct, 2018 and ended on 11 Oct, 2018. This bearish trend lost -9.11% of investor capital.

On monthly basis, ~ONWARDONLINEADS delivered losses in more months over the last year, than profits. ~ONWARDONLINEADS delivered profits less regularly than SP500 index. ~ONWARDONLINEADS significantly outperformed SP500 index in May 2018, when it returned +12.76% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. ~ONWARDONLINEADS had a longer winning streak of losing months than SP500 index. It went down in 6 straight months (from Jul 2018 to Dec 2018) during which period it delivered -23.39%.

You know you are on the road to success if you would do your job, and not be paid for it.
-- Oprah Winfrey

~ONWARDONLINEADS is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in ~ONWARDONLINEADS's volatility from 27 Sep, 2018 to 1 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that ~ONWARDONLINEADS has significant positive skewness in it's return distribution. This indicates that investors can expect ~ONWARDONLINEADS to recover from drawdowns quickly. Which makes ~ONWARDONLINEADS a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

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

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