Trucking And Leasing THEME

1766.23 -10.13 (-0.57%) Sell

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Want to invest in TRUCKINGLEASING THEME? Avoid as it was among the worst performers

13 min read

Trucking And Leasing was among the worst performers on Tuesday. It returned -0.57% to close at 1766.23. It is currently trading -24% below it's 52 week high of 2325.01.

[Theme constituents]

~TRUCKINGLEASING showed a strong down trend over the last 3 months. During this period ~TRUCKINGLEASING returned -20.74% and saw a maximum drawdown of -24.03%. There was a short signal during this period which returned +20.86%.


~TRUCKINGLEASING has been underperforming the SP500 index in recent time, after having outperformed till 9 Oct, 2018. Over the last 2 years 11 months and 14 days, ~TRUCKINGLEASING outperformed the SP500 index on 54% days.

During the last three months ~TRUCKINGLEASING was mostly loss making and delivered on average -0.35% per day. It's best return during this period (of +3.72%) was on Monday, 5 Nov, 2018. While it's worst loss in the same period (of -4.92%) was on Tuesday, 4 Dec, 2018. There was initially a bearish trend during this period which started on 23 Oct, 2018 and went on till 29 Oct, 2018. The trend delivered -9.22% losses to investors. This was followed by a bullish trend that started on 30 Oct, 2018 and ended on 7 Nov, 2018. This bullish trend delivered +10.2% to investors.

On monthly basis, ~TRUCKINGLEASING delivered profits in more months over the last year, than losses. ~TRUCKINGLEASING delivered profits in more months than SP500 index. ~TRUCKINGLEASING was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -15.85% compared to -7.75% returned by SP500 index in Dec 2018. ~TRUCKINGLEASING had a longer winning streak of profitable months than SP500 index. It went up in 7 straight months (from Mar 2018 to Sep 2018) during which period it delivered +34.0%.

The stock market is a discounter of all known information.
-- Kenneth Fisher

~TRUCKINGLEASING 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 surge in ~TRUCKINGLEASING's volatility from 19 Sep, 2018 to 11 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 ~TRUCKINGLEASING has significant positive skewness in it's return distribution. This indicates that investors can expect ~TRUCKINGLEASING to recover from drawdowns quickly. Which makes ~TRUCKINGLEASING a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

On a general note (since you are interested in ~TRUCKINGLEASING), three instruments that are extremely volatile are NVCN, GNK and ICPT. They must all be evaluated prudently and investors are better off avoiding them at the moment.

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