Shale Gas THEME

1007.72 -12.58 (-1.25%) Sell

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Looking to invest in SHALEGAS THEME? Avoid at the moment as it ranked among the worst performers

14 min read

Shale Gas ranked among the worst performers on Friday. It fell by -1.25% to close at 1007.72 which is it's 52 week low, down -40% from it's 52 week high.

[Theme constituents]

~SHALEGAS showed a strong bearish trend over the last 3 months. During this period ~SHALEGAS fell by -27.07% and saw a maximum drawdown of -34.22%. There was a short signal during this period which returned +27.07%.

Trend

~SHALEGAS has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 5 Dec, 2016 to 6 Dec, 2018. Over the last 2 years 11 months and 3 days, ~SHALEGAS underperformed the SP500 index on 51% days.

During the last three months ~SHALEGAS was mostly loss making and delivered on average -0.47% per day. It's best return during this period (of +4.7%) was on Monday, 5 Nov, 2018. While it's worst loss in the same period (of -6.58%) was on Wednesday, 24 Oct, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 18 Sep, 2018 and went on till 25 Sep, 2018. This bullish trend returned +6.86% to investors.

During the last year ~SHALEGAS had 4 profitable months and 8 loss making months. ~SHALEGAS returned profits in fewer months than SP500 index. ~SHALEGAS was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -16.39% compared to -7.28% returned by SP500 index in Oct 2018. ~SHALEGAS had a longer winning streak of losing months than SP500 index. It went down in 6 straight months (from Jul 2018 to Dec 2018) during which period it delivered -44.75%.

Traditionally, the sample is always better than the stock you deliver to the store.
-- Calvin Klein

~SHALEGAS 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 ~SHALEGAS's volatility from 10 Sep, 2018 to 5 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 10 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that ~SHALEGAS has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.

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

Based on your interest in ~SHALEGAS you may find it interesting to know that TYHT, EPIX and AMRH have all shown remarkable performance and qualify to be on every investor's watchlist.

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