TABLETDEVICES THEME investors dump it

Tablet Takeover was among the worst performers today. It increased by +1.3% to close at 1229.57. It's recent 5 day performance has been -0.79%, -1.62%, -0.42%, +1.53% and +1.39%.

[Theme constituents]

~TABLETDEVICES is currently in a bearish trend. The current bearish signal has generated a profit of +18.66% for investors in the last three months.

Trend

Monthly Performance

Alpha (outperformance)

Heatmap

Volatility

Return distribution

~TABLETDEVICES has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 8 Jun, 2017 to 12 Nov, 2018. Over the last 2 years 11 months and 14 days, ~TABLETDEVICES underperformed the SP500 index on 46% days. Which indicates that on days ~TABLETDEVICES underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months ~TABLETDEVICES was mostly loss making and delivered on average -0.3% per day. It's best return during this period (of +4.14%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -6.69%) was on Wednesday, 24 Oct, 2018. The longest stort-term trend during this period was 6 losing days, which started on 4 Oct, 2018 and ended on 11 Oct, 2018. This bearish trend lost -10.76% of investor capital.

During the last year ~TABLETDEVICES had 4 profitable months and 8 loss making months. ~TABLETDEVICES returned profits in fewer months than SP500 index. ~TABLETDEVICES was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -12.04% compared to -7.75% returned by SP500 index in Dec 2018. ~TABLETDEVICES had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Sep 2018 to Dec 2018) during which period it delivered -25.7%. It is interesting to note that both ~TABLETDEVICES and SP500 index significantly outperform during months when quarterly/annual results are announced.

"Derivatives are financial weapons of mass destruction.

~TABLETDEVICES 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 ~TABLETDEVICES's volatility from 19 Sep, 2018 to 25 Oct, 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 ~TABLETDEVICES has significant positive skewness in it's return distribution. This indicates that investors can expect ~TABLETDEVICES to recover from drawdowns quickly. Which makes ~TABLETDEVICES a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

Based on your interest in ~TABLETDEVICES you may find it interesting to know that OPNT, IMTE and GNK are all extremely risky investment candidates that must be evaluated carefully. Investors with low risk profile are better off avoiding them till their performance becomes more consistent.