AGILENT TECHNOLOGIES INC managed to marginally outperform the broader market today. It gained +0.21% to close at 67.99. It's recent 5 day performance has been -2.18%, -2.5%, -0.85%, +0.99% and +0.65%.
A showed a down trend over the last 3 months. During this period A returned -2.26% and saw a maximum drawdown of -15.24%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in A till volatility reduces and a clear trend emerges.
A returned losses on 51% days in the last three months. During this time, it delivered on average -0.02% per day. It delivered it's best daily return of +7.84%, during this period, on Tuesday, 20 Nov, 2018. There was initially a bearish trend during this period which started on 4 Oct, 2018 and went on till 11 Oct, 2018. The trend delivered -8.6% losses to investors. This was followed by a bullish trend that started on 20 Nov, 2018 and ended on 3 Dec, 2018. This bullish trend delivered +18.03% to investors.
On monthly basis, A delivered profits and losses in equal number of months. A delivered profits less regularly than SP500 index. A significantly outperformed SP500 index in Nov 2018, when it returned +11.67% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. A 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 A and SP500 index significantly outperform during months when quarterly/annual results are announced.
"There are no patents in finance.
A is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in A's volatility from 19 Sep, 2018 to 30 Oct, 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 A has significant positive skewness in it's return distribution. This indicates that investors can expect A to recover from drawdowns quickly. Which makes A a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
On a general note (since you are interested in A), V is a large cap that deserves to be closely tracked for investment opportunities.
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