AMEDISYS INC delivered massive losses on Friday. It fell by -4.14% to close at 124.24. It is currently trading +145% above it's 52 week low of 50.51 and is down only -11% from it's 52 week high.
AMED is currently in a bullish trend. Over the last three months 2 bullish signals in AMED have generated a profit of +3.79% for investors.
AMED has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 5 Feb, 2016 to 3 Dec, 2018. Over the last 2 years 11 months and 10 days, AMED outperformed the SP500 index on 54% days.
AMED was profitable on 58% days in the last three months. During this time, it delivered on average +0.12% per day. It delivered it's best daily return of +14.16%, during this period, on Tuesday, 30 Oct, 2018. The longest stort-term trend during this period was 8 profitable days, which started on 21 Nov, 2018 and went on till 3 Dec, 2018. This bullish trend returned +18.69% to investors.
During the last year AMED had 8 profitable months and 4 loss making months. Profitable number of months of AMED and SP500 index were the same. AMED significantly outperformed SP500 index in Aug 2018, when it returned +33.51% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. AMED had a longer winning streak of profitable months than SP500 index. It went up in 7 straight months (from Feb 2018 to Aug 2018) during which period it delivered +90.05%.
I always said that if I wasn't studying psychopaths in prison, I'd do it at the stock exchange.
-- Robert D. Hare
AMED 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 surge in AMED's volatility from 18 Sep, 2018 to 1 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that AMED has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.
All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.
We want to empower investors with all the tools and analysis required by them to make a rational investment decision.If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute