67.99 +0.14 (+0.21%) Buy

Want to invest in A? Consider as it managed to marginally outperform the broader market

13 min read

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%.

[Themes containing A]

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 has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 14 days, A outperformed the SP500 index on 55% days.

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.

SP500 index has more chance of extreme outcomes than A. Therefore, SP500 must receive a lower allocation than A in your portfolio. A usually has shorter drawdown period than the SP500 index.

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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