Too Big To Fail significantly underperformed today. It lost -0.95% to close at 1200.83. It's recent 5 day performance has been -0.87%, -1.04%, -1.65%, +0.78% and -1.15%.
~TOOBIGTOFAIL showed a strong down trend over the last 3 months. During this period ~TOOBIGTOFAIL lost -19.77% and saw a maximum drawdown of -20.75%. There were 2 short signals during this period that returned a cumulative of +18.8% to investors.
~TOOBIGTOFAIL has been underperforming the SP500 index in recent time, after having outperformed till 21 Feb, 2018. Over the last 2 years 11 months and 14 days, ~TOOBIGTOFAIL underperformed the SP500 index on 49% days. Which indicates that on days ~TOOBIGTOFAIL underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
~TOOBIGTOFAIL returned losses on 59% days in the last three months. During this time, it delivered on average -0.34% per day. It delivered it's worst daily return of -4.74%, during this period, on Tuesday, 4 Dec, 2018. There was initially a bearish trend during this period which started on 21 Sep, 2018 and went on till 28 Sep, 2018. The trend delivered -4.87% losses to investors. This was followed by a bullish trend that started on 29 Oct, 2018 and ended on 8 Nov, 2018. This bullish trend delivered +7.83% to investors.
~TOOBIGTOFAIL had 5 profitable and 7 loss making months over the last year. During the last year, ~TOOBIGTOFAIL underperformed SP500 index on monthly return basis. ~TOOBIGTOFAIL was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -13.8% compared to -7.75% returned by SP500 index in Dec 2018. ~TOOBIGTOFAIL had a shorter streak of profitable months than SP500 index. It only went up in 2 straight months during the last year. It is interesting to note that both ~TOOBIGTOFAIL and SP500 index significantly outperform during months when quarterly/annual results are announced.
Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
-- George Soros
~TOOBIGTOFAIL 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 ~TOOBIGTOFAIL's volatility from 19 Sep, 2018 to 2 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 ~TOOBIGTOFAIL has significant positive skewness in it's return distribution. This indicates that investors can expect ~TOOBIGTOFAIL to recover from drawdowns quickly. Which makes ~TOOBIGTOFAIL a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
~TOOBIGTOFAIL has more chance of extreme outcomes than the SP500 index. Therefore, ~TOOBIGTOFAIL must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than ~TOOBIGTOFAIL.
On a general note (since you are interested in ~TOOBIGTOFAIL), three large cap instruments that deserve special mention are AMZN, MSFT and PFE. They have all outperformed the market and must be closely watched for investment opportunities.
... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.
All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.
We want to empower investors with all the tools and analysis required by them to make a rational investment decision.If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute