Utility Bills ranked among the worst performers on Tuesday. It fell by -1.23% to close at 1099.61. On a day when the overall market breadth was 34%, it closed higher than 69% of the market. In comparison, the benchmark SP500 index closed today at +0.01%.
~UTILITYBILLS showed a bearish trend over the last 3 months. During this period ~UTILITYBILLS fell by -9.6% and saw a maximum drawdown of -10.02%. There was a short signal during this period which returned +4.83%.
~UTILITYBILLS has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 29 Aug, 2017 to 11 Jun, 2018. Over the last 2 years 2 months and 12 days, ~UTILITYBILLS underperformed the SP500 index on 48% days. Which indicates that on days ~UTILITYBILLS underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
During the last three months ~UTILITYBILLS was mostly loss making and delivered on average -0.15% per day. It's best return during this period (of +3.36%) was on Friday, 16 Nov, 2018. While it's worst loss in the same period (of -2.66%) was on Monday, 17 Dec, 2018. The longest stort-term trend during this period was 6 losing days, which started on 8 Nov, 2018 and ended on 15 Nov, 2018. This bearish trend lost -7.0% of investor capital.
During the last year ~UTILITYBILLS had 8 profitable months and 4 loss making months. Profitable number of months of ~UTILITYBILLS and SP500 index were the same. ~UTILITYBILLS was also a less risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -6.79% compared to -7.75% returned by SP500 index in Dec 2018. ~UTILITYBILLS 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 +10.4%. It is interesting to note that both ~UTILITYBILLS and SP500 index significantly outperform during months when quarterly/annual results are announced.
How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.
-- Robert G. Allen
~UTILITYBILLS 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 fall in ~UTILITYBILLS's volatility from 16 Nov, 2018 to 13 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 ~UTILITYBILLS has significant positive skewness in it's return distribution. This indicates that investors can expect ~UTILITYBILLS to recover from drawdowns quickly. Which makes ~UTILITYBILLS a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
~UTILITYBILLS has more chance of extreme outcomes than the SP500 index. Therefore, ~UTILITYBILLS must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than ~UTILITYBILLS.
Based on your interest in ~UTILITYBILLS you may find it interesting to know that NFEC has shown remarkable performance this year and deserves to be on every investors' watchlist.
... 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