RENTERS THEME investors disappointed by market underperformance
13 Dec, 201814 min read
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Renters has destroyed investor wealth today. It gained +0.89% to close at 1125.31. It's recent 5 day performance has been -1.59%, -0.1%, -0.43%, -0.92% and +2.49%.
~RENTERS is currently in a down trend. The current bearish signal has generated a profit of +1.19% for investors in the last three months.
~RENTERS has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 9 days, ~RENTERS underperformed the SP500 index on 48% days. Which indicates that on days ~RENTERS underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
~RENTERS returned losses on 54% days in the last three months. During this time, it delivered on average -0.06% per day. It delivered it's worst daily return of -2.54%, during this period, on Friday, 12 Oct, 2018. There was initially a bullish trend during this period which started on 5 Nov, 2018 and went on till 8 Nov, 2018. The bullish trend returned +3.03% to investors. This was followed by a bearish trend that started on 7 Dec, 2018 and ended on 12 Dec, 2018. This bearish trend lost -3.05% of investor capital.
On monthly basis, ~RENTERS delivered profits in more months over the last year, than losses. ~RENTERS delivered profits less regularly than SP500 index. ~RENTERS was also a more risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -9.24% compared to -7.28% returned by SP500 index in Oct 2018. ~RENTERS and SP500 index, both had periods of 6 consecutive profitable months.
Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time.
-- Johann Wolfgang von Goethe
~RENTERS is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant fall in ~RENTERS's volatility from 16 Oct, 2018 to 29 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 ~RENTERS has significant positive skewness in it's return distribution. This indicates that investors can expect ~RENTERS to recover from drawdowns quickly. Which makes ~RENTERS a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
~RENTERS has more chance of extreme outcomes than the SP500 index. Therefore, ~RENTERS must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than ~RENTERS.
Based on your interest in ~RENTERS you may find it interesting to know that UNH, MSFT and AMZN are large caps that have all shown remarkable performance and qualify to be on every investor's watchlist.
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