Utility Bills THEME

1099.61 -13.48 (-1.23%) Sell

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Don't even consider investing in UTILITYBILLS THEME now, it is a volatile investment

14 min read

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%.

[Theme constituents]

~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.

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