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New Stock Summary Page Feature: Performance Charts

GuruFocus.com
·2 min read

- By James Li

We are pleased to announce that we added a new "Performance Charts" section of our popular stock summary pages.

GuruFocus' stock summary pages contain a wide range of information for a stock, including financial strength measures, profitability measures, our exclusive GF Valuation Line and much more. Figure 1 illustrates a sample summary page for Facebook Inc. (NASDAQ:FB).


New Stock Summary Page Feature: Performance Charts
New Stock Summary Page Feature: Performance Charts

Figure 1

New "Performance" section shows stock performance compared with competitors

Figure 2 illustrates a sample "Performance" chart for Facebook and competitors like Google parent Alphabet Inc. (NASDAQ:GOOGL)(NASDAQ:GOOG) and China-based NetEase Inc. (NASDAQ:NTES).

New Stock Summary Page Feature: Performance Charts
New Stock Summary Page Feature: Performance Charts

Figure 2

The "Performance" section contains a performance chart, annualized returns over specific time periods and the total return of the stocks each year over the past 10 years.

As Figure 2 illustrates, Facebook returned a cumulative return of approximately 105.8% over the past five years, compared with Alphabet's return of approximately 131.5% and NetEase's return of approximately 139.4% over the same period. On an annualized basis, Facebook, Alphabet and NetEase returned 19.42%, 19.89% and 31.69% over the past five years.

You can add other stocks to the performance chart

You can add other stocks to the chart by either entering the stock ticker in the "Add ticker" field or using the "Compare" drop-down menu. Figure 3 illustrates the "Add ticker" command for Apple Inc. (NASDAQ:AAPL).

New Stock Summary Page Feature: Performance Charts
New Stock Summary Page Feature: Performance Charts

Figure 3

The "Compare" drop-down menu allows you to add other competitors to the chart. For example, Figure 4 illustrates a chart that adds Baidu Inc. (NASDAQ:BIDU) and Twitter Inc. (NYSE:TWTR) into the "Performance" chart.

New Stock Summary Page Feature: Performance Charts
New Stock Summary Page Feature: Performance Charts

Figure 4

Table 1 summarizes the stocks' annualized returns over specific time periods while Table 2 summarizes the stocks' returns for each year.

New Stock Summary Page Feature: Performance Charts
New Stock Summary Page Feature: Performance Charts

Table 1

New Stock Summary Page Feature: Performance Charts
New Stock Summary Page Feature: Performance Charts

Table 2

Disclosure: The author is long Apple and considering buying shares of Facebook. The stocks mentioned in this article is for demonstrative purposes only and are not to be construed as investment advice. Investors must do their own research before making stock trades.

Read more here:

  • 5 Stocks With High Insider Cluster Buys

  • 5 European Companies With Historical Low Price-Sales Ratios

  • 5 Oceania Companies With Good Financial Strength and Profitability



Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.

This article first appeared on GuruFocus.

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But that relief ends March 31 and what happens next is something of a mystery.“It wasn’t an orderly selloff and certainly didn’t appear to be driven by any obvious fundamental continuation or extension of the reflation thesis,” wrote NatWest Markets strategist Blake Gwinn in a note to clients. A number of more technical factors were in the mix, against a backdrop of a good-old-fashioned buyers strike, he said. Here’s a look at some of the factors driving Thursday’s moves:The ProtagonistThe main protagonist in the bond market was the five-year Treasury note, a maturity often associated with long-term Fed rate expectations, where yields closed 22 basis point higher on the day. The so-called butterfly-spread index -- a measure of how the note is performing against its two- and 10-year peers -- jumped 24 basis points, the worst daily performance for the sector since 2002.The selling was triggered after a U.S. auction of seven-year bonds saw record low demand. The bid-to-cover ratio -- a gauge of investor interest -- came in at 2.04, well below the recent average of 2.35. That sent five-year yields surging through 0.75%, a crucial technical level watched by investors as a signal that any bond selloff could worsen.Unwind RushThe yield spike sent traders scurrying to manage their positions, in particular those linked to the popular reflation trade. Bets on a steeper yield curve were hit as the curve flattened thanks to heavy losses in shorter-dated bonds.Preliminary open interest in Treasury futures across the curve -- a measure of outstanding positions -- collapsed by an amount equivalent to $50 billion in benchmark 10-year notes. While there may be some muddiness to the data given potential contract rolls, it does suggest a significant unwind of positions.The selloff paused in Asia trading hours and remained calm during Friday in New York. Some Asian traders said they had worked through New York hours right through much of Friday.The 10-basis-point spike and subsequent retreat in benchmark Treasuries when they touched 1.5% also suggests some traders were hit with stop-losses on their long positions.Fundamental DecouplingThe bond market’s divergence from a fundamental backdrop was most evident at the shorter-end of the curve. Eurodollar contracts -- which are priced off Libor -- collapsed in record volumes as traders repriced their expectations for the path of Fed rates with few obvious catalysts.Markets now see a Fed hike by March 2023 compared to mid-2023 previously, and have priced in rates over 50 basis points higher by 2024.But in remarks this week, Fed Chairman Jerome Powell offered reassurance that policy would continue to be supportive and look beyond a temporary pick-up in inflation, especially from a low base. While Fed Vice Chair Richard Clarida expressed cautious optimism on the outlook, he said it would “take some time” to restore the economy to pre-pandemic levels.“Today’s market dynamics look to have been fueled by technical factors and the Fed may want to let the dust settle before it judges whether there is anything really problematic here,” said Evercore ISI’s Krishna Guha and Ernie Tedeschi. “But a change of tone at least seems warranted in our view and possibly more.”Liquidity DroughtA lack of bond market liquidity, just when traders needed it most, can also be at fault.“We think that a steep decline in market depth contributed to the outsized moves in yields,” wrote JPMorgan Chase & Co. strategist Jay Barry in a note to clients. Barry showed how the share of high-frequency traders in the Treasury market -- which has been on an increasing trend -- tends to retreat rapidly as volatility spikes.U.S. 3-month 10-year swaption volatility -- a gauge of price swings in the rates market -- jumped to highest in over a year on Thursday, having risen steadily all month.“Given the natural feedback loop between volatility and liquidity, it’s likely that a steep decline in depth contributed to the outsized moves in yields,” added Barry.Regulatory PurgatoryBond traders were already on edge as they waited for Fed guidance ahead of next month’s expiry of a regulation that has encouraged banks to buy Treasuries. Neither Powell nor Randal Quarles, the vice chair for supervision, gave an answer as to whether the measure would be extended, which likely helped extend a clearing of positions in the swaps market.Credit Suisse strategist Zoltan Pozsar said clarity on this situation is one of the things needed to calm long-term Treasury yields.No matter what the Fed decides, “both would offer clarity and direction to the rates market,” he said.(Updates with concerns from first paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • ETF That Lost 80% of Assets in GameStop Drama Faces New Turmoil

    (Bloomberg) -- State Street’s $786 million exchange-traded fund investing in retailers was only just recovering from its last brush with GameStop Corp. Now it’s all happening again.The SPDR S&P Retail ETF (ticker XRT) is being distorted by the bricks-and-mortar seller of video games for a second time, just a few weeks after losing 80% of its assets in January’s meme-stock drama.GameStop is on another tear, surging roughly 50% on Thursday after a 104% gain the previous day. That’s a problem for XRT because it’s supposed to hold an equal amount of each stock, but it doesn’t rebalance swiftly enough to counter GameStop’s jump.The company now makes up about 5.9% of the fund. It should be more like 1%.Last time around, GameStop’s weighting eventually ballooned to 20% of XRT, prompting an exodus from the fund. It took about three weeks for assets to recover -- they hit the highest level since 2018 on Tuesday, just before the latest bout of meme-stock madness.With GameStop’s sudden revival, there could be more pain ahead of the passive fund’s March rebalance, according to CFRA Research’s Todd Rosenbluth.“Investors in XRT have seen this movie before, with GameStop quickly dominating the normally equally weighted portfolio before falling sharply,” said Rosenbluth, CFRA’s director of ETF research. “With no limits on position sizes and the rebalance nearly a month away, the risk is high that the stock will drive performance up and down. Some may not want to stick around to see if the sequel is any better.”Of course, GameStop’s rally in January was on a different scale -- it soared 1,600%, powering XRT to monthly gains of about 37%. That was a record for the normally staid ETF. But when the retailer plunged, the ETF was hit, and XRT remains around 5% lower in February despite a boost from GameStop this week.Such whiplash may dim XRT’s appeal as a portfolio hedging tool, according to Citigroup Inc.’s Scott Chronert.“When you have a stock-specific circumstance like this one, it might mess up how the hedging aspect is working,” Chronert said in an interview earlier this month. “If you’re looking to hedge a long book of retail or consumer names, the weighting impact on the broader sector ETF might not be a very good hedge because it’s dominated by a single name.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Haven Assets Slumping Is Actually Worst Risk-Off Sign of All

    (Bloomberg) -- Remember the days when a selloff in Treasuries was considered a sign of positive news?No longer. The U.S. 10-year yield jumped by the most in 11 months on Thursday, while the Swiss franc and yen were among the worst-performing Group-of-10 currencies for the week and gold slumped for a fourth day. All havens, right? But these moves were seen as a signal of fear in markets.The upending of conventional wisdom is a result of the current environment of record monetary accommodation. Investors are becoming concerned that economic-recovery signs will spur the Federal Reserve and other major peers to withdraw stimulus, turning off the spigots that have fueled the rally in financial markets since the middle of last year. In other words, if the economy looks “too good,” it’s bad news for risk assets.“The Fed leadership holds some responsibility for this,” according to Evercore ISI strategist Krishna Guha and economist Ernie Tedeschi. “The absence of any indication of concern or -- more appropriately in our view -- central bankerly carefulness around the move in yields from Williams, Powell, Clarida and Brainard in recent days has been read in markets as a green light to ramp real yields higher.”A key source of concern is not simply the direction of the yield moves -- but the speed. While real yields are still low by historical standards they have been moving fast, creating a sense of disorder, Guha and Tedeschi wrote in a note.‘Rapid Advance’”The problem is the pace,” said Min Gyeong-won, an economist at Woori Bank in Seoul. “Normally a rally in yields would mean risk-off, but this time the rapid advance combined with the lack of confidence in the Federal Reserve to hold that off has spurred risk appetite, causing a massive blow to Asian emerging currencies.”The absence of any response from Fed officials, at least until now, is adding to investor unease.“So far there has been very little push back from the Fed in terms of rising yields because the Fed thinks that rising yields are a reflection of the better outlook,” said Sim Moh Siong, a currency strategist at Bank of Singapore Ltd. “We could be at a tipping point where the rise in yields could become more problematic for the broader market.”Haven or risk asset, safe or not, investors may need to be prepared for more turbulence ahead.“This is a potentially painful reassessment of that long positioning that has been sparked by the rise in government bond yields, which is creating a self-perpetuating negative feedback loop,” said Jeffrey Halley, a senior market analyst at Oanda Asia Pacific Pte in Singapore. “Or as I call it, a welcome return to two-way price action.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • How will a surge in bond yields affect your mortgage, car loans and 401(k)?

    Higher bond yields have arrived. Now investors have to consider what, if any, changes to make to their portfolios.