PIPELINES THEME is a falling knife, continues to bleed every investor trying to catch it
18 Dec, 201813 min read
Share with friends 
Pipelines is a falling knife that can bleed you if you catch it today. It fell by -2.09% to close at 1163.79. It's recent 5 day performance has been -2.64%, -1.03%, +1.68%, +1.14% and +0.21%.
~PIPELINES is currently in a bearish trend. The current bearish signal has generated a profit of +14.21% for investors in the last three months.
~PIPELINES has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 26 Jan, 2017 to 20 Mar, 2018. Over the last 2 years 11 months and 14 days, ~PIPELINES underperformed the SP500 index on 51% days.
~PIPELINES returned losses on 59% days in the last three months. During this time, it delivered on average -0.23% per day. It delivered it's worst daily return of -3.44%, during this period, on Wednesday, 24 Oct, 2018. The longest stort-term trend during this period was 5 losing days, which started on 20 Sep, 2018 and ended on 26 Sep, 2018. This bearish trend lost -2.22% of investor capital.
During the last year ~PIPELINES had 6 profitable months and 6 loss making months. ~PIPELINES returned profits in fewer months than SP500 index. ~PIPELINES was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -10.62% compared to -7.75% returned by SP500 index in Dec 2018. ~PIPELINES had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year. It is interesting to note that both ~PIPELINES and SP500 index significantly outperform during months when quarterly/annual results are announced.
Outcome is simply the final score: Who won the game; what numbers came up in a roll of the dice; how high did a stock go. Outcome is the result, regardless of the method used to achieve it. It is not controllable.
-- Barry Ritholtz
~PIPELINES 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 ~PIPELINES's volatility from 20 Sep, 2018 to 4 Dec, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.
SP500 index has more chance of extreme outcomes than ~PIPELINES. Therefore, SP500 must receive a lower allocation than ~PIPELINES in your portfolio.
Based on your interest in ~PIPELINES you may find it interesting to know that LULU and ABMD are both mid caps that have shown remarkable performance and deserve to be on every investors' watchlist.
... 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