Brown-Forman B Shares Plunge 7.02% in Five Days, Hit Record Low

Brown-Forman B (BF.B) shares fell 0.39% today, marking the fifth consecutive day of decline, with a total drop of 7.02% over the past five days. The share price hit a record low today, with an intraday decline of 1.50%.

The strategy of buying BF.B shares after they reached a recent low and holding for 1 week over the past five years yielded poor performance. The strategy’s CAGR was -24.08%, with an overall return of -48.90% and an excess return of -105.72%. It had a maximum drawdown of -52.98%, a Sharpe ratio of -0.97, and a volatility of 24.76%. This indicates significant underperformance and risk, making it a suboptimal strategy.

One of the key factors contributing to the decline in Brown-Forman B's stock price is the broader market sentiment and selling pressure on consumer staples. The recent downturn in consumer staples stocks, which includes Brown-Forman, has led to a 1.6% drop in the company's share price. This indicates that the overall market sentiment and increased selling pressure in the consumer staples sector have negatively impacted Brown-Forman's stock performance.