Pipelines THEME

1163.79 -24.33 (-2.09%) Sell

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

13 min read

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%.

[Theme constituents]

~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.

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