Spinoffs THEME

778.422 +0.43 (+0.05%) Sell

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SPINOFFS THEME investors dump it

14 min read

Spinoffs was among the worst performers on Tuesday. It increased by +0.05% to close at 778.422. It is currently trading -30% below it's 52 week high of 1116.22.

[Theme constituents]

Buy-and-Hold investors in ~SPINOFFS experienced a maximum drawdown of -24.12% over the last three months. It fell by -22.82% during this strong bearish trending period. There were no long signals during this period, where the short signal generated good profits of +22.82% for investors.


~SPINOFFS has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 20 Apr, 2018 to 13 Dec, 2018. Over the last 1 year and 13 days, ~SPINOFFS underperformed the SP500 index on 50% days. Which indicates that on days ~SPINOFFS underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months ~SPINOFFS was mostly loss making and delivered on average -0.4% per day. It's best return during this period (of +2.67%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -4.7%) was on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 7 losing days, which started on 4 Oct, 2018 and ended on 12 Oct, 2018. This bearish trend lost -8.91% of investor capital.

During the last year ~SPINOFFS had 4 profitable months and 8 loss making months. ~SPINOFFS returned profits in fewer months than SP500 index. ~SPINOFFS was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -11.5% compared to -7.75% returned by SP500 index in Dec 2018. ~SPINOFFS had a longer winning streak of losing months than SP500 index. It went down in 7 straight months (from Jun 2018 to Dec 2018) during which period it delivered -31.19%. It is interesting to note that both ~SPINOFFS and SP500 index significantly outperform during months when quarterly/annual results are announced.

Persist - don't take no for an answer. If you're happy to sit at your desk and not take any risk, you'll be sitting at your desk for the next 20 years.
-- David Rubenstein

~SPINOFFS 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 ~SPINOFFS's volatility from 3 Oct, 2018 to 7 Dec, 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 ~SPINOFFS has significant positive skewness in it's return distribution. This indicates that investors can expect ~SPINOFFS to recover from drawdowns quickly. Which makes ~SPINOFFS a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

Based on your interest in ~SPINOFFS you may find it interesting to know that V and CSCO are both large caps that have shown remarkable performance and deserve to be on every investors' watchlist.

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