Pet Passion THEME

1080.63 -6.4 (-0.59%) Sell

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PETPASSION THEME is a falling knife, continues to bleed every investor trying to catch it

14 min read

Pet Passion significantly underperformed on Tuesday. It delivered -0.59% to close at 1080.63. On a day when the overall market breadth was 34%, it closed higher than 71% of the market. In comparison, the benchmark SP500 index closed today at +0.01%.

[Theme constituents]

Buy-and-Hold investors in ~PETPASSION experienced a maximum drawdown of -16.72% over the last three months. It delivered -15.7% during this strong bearish trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +10.22%.


~PETPASSION has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 26 Feb, 2018 to 17 Sep, 2018. Over the last 1 year and 5 months, ~PETPASSION outperformed the SP500 index on 53% days.

~PETPASSION returned losses on 59% days in the last three months. During this time, it delivered on average -0.26% per day. It delivered it's best daily return of +3.01%, during this period, on Tuesday, 16 Oct, 2018. The longest stort-term trend during this period was 9 losing days, which started on 1 Oct, 2018 and ended on 11 Oct, 2018. This bearish trend lost -9.38% of investor capital.

The last 12 months saw ~PETPASSION's investors making profits in 9 months and incurring losses in 3 months. During the last year, ~PETPASSION delivered profits in more months than SP500 index. ~PETPASSION was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -8.68% compared to -7.75% returned by SP500 index in Dec 2018. ~PETPASSION had a longer winning streak of profitable months than SP500 index. It went up in 7 straight months (from Mar 2018 to Sep 2018) during which period it delivered +23.55%.

"Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it.

~PETPASSION is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in ~PETPASSION's volatility from 28 Sep, 2018 to 14 Dec, 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 ~PETPASSION has significant positive skewness in it's return distribution. This indicates that investors can expect ~PETPASSION to recover from drawdowns quickly. Which makes ~PETPASSION a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

Based on your interest in ~PETPASSION you may find it interesting to know that ECYT, DFBG and TPNL have all shown remarkable performance this year and deserve to be on every investor's watchlist.

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