Water was among the worst performers today. It fell by -0.9% to close at 1401.73. It's recent 5 day performance has been -2.73%, +0.68%, +0.15%, +1.62% and +0.54%.
~WATER is currently in a bullish trend. Over the last three months 2 bullish signals in ~WATER have generated a profit of +0.48% for investors.
~WATER has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 6 Mar, 2018 to 14 Dec, 2018. Over the last 2 years and 8 months, ~WATER outperformed the SP500 index on 53% days.
During the last three months ~WATER was mostly profitable and delivered on average +0.09% per day. It's best return during this period (of +2.34%) was on Monday, 8 Oct, 2018. While it's worst loss in the same period (of -2.73%) was on Monday, 17 Dec, 2018. The longest stort-term trend during this period was 7 profitable days, which started on 6 Dec, 2018 and went on till 14 Dec, 2018. This bullish trend returned +4.75% to investors.
During the last year ~WATER had 6 profitable months and 6 loss making months. ~WATER returned profits in fewer months than SP500 index. ~WATER significantly outperformed SP500 index in Apr 2018, when it returned +8.26% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. ~WATER had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year. It is interesting to note that both ~WATER and SP500 index significantly outperform during months when quarterly/annual results are announced.
The only way to beat an index is to invest in something other than the index. Why would you, when the only source of long-term risk and return data is the index ?
-- Hebner, Mark.
~WATER is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant fall in ~WATER's volatility from 19 Sep, 2018 to 26 Nov, 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 ~WATER has significant positive skewness in it's return distribution. This indicates that investors can expect ~WATER to recover from drawdowns quickly. Which makes ~WATER a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
~WATER has more chance of extreme outcomes than the SP500 index. Therefore, ~WATER must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than ~WATER.
Based on your interest in ~WATER you may find it interesting to know that EW is a mid cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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