Onward Online Ads THEME

1367.26 -9.84 (-0.72%) Sell

Optimize theme

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.


~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.

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
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