Property Causualty Insurance is a falling knife that can bleed you if you catch it on Tuesday. It surged by +0.22% to close at 1442.54. On a day when the overall market breadth was 34%, it closed higher than 75% of the market. In comparison, the benchmark SP500 index closed today at +0.01%.
~PROPINSURANCE showed a bearish trend over the last 3 months. During this period ~PROPINSURANCE fell by -6.57% and saw a maximum drawdown of -8.23%. There were 3 short signals during this period that returned a cumulative of +1.62% to investors.
~PROPINSURANCE has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 21 Apr, 2016 to 23 Nov, 2018. Over the last 2 years 11 months and 14 days, ~PROPINSURANCE outperformed the SP500 index on 57% days.
~PROPINSURANCE was profitable on 53% days in the last three months. During this time, it delivered on average -0.1% per day. It delivered it's worst daily return of -2.53%, during this period, on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 11 profitable days, which started on 25 Oct, 2018 and went on till 8 Nov, 2018. This bullish trend returned +8.21% to investors.
During the last year ~PROPINSURANCE had 7 profitable months and 5 loss making months. ~PROPINSURANCE returned profits in fewer months than SP500 index. ~PROPINSURANCE was also a less risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -5.58% compared to -7.75% returned by SP500 index in Dec 2018. ~PROPINSURANCE had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year. It is interesting to note that both ~PROPINSURANCE and SP500 index significantly outperform during months when quarterly/annual results are announced.
Security depends not so much upon how much you have, as upon how much you can do without.
-- Joseph Wood Krutch
~PROPINSURANCE is currently seeing overall fall in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in ~PROPINSURANCE's volatility from 19 Sep, 2018 to 15 Nov, 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 ~PROPINSURANCE has significant positive skewness in it's return distribution. This indicates that investors can expect ~PROPINSURANCE to recover from drawdowns quickly. Which makes ~PROPINSURANCE a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
~PROPINSURANCE has more chance of extreme outcomes than the SP500 index. Therefore, ~PROPINSURANCE must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than ~PROPINSURANCE.
Based on your interest in ~PROPINSURANCE you may find it interesting to know that AAXN is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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