AMN HEALTHCARE SERVICES INC

59.26 +0.43 (+0.73%) Buy

Party time for AMN investors as it delivers great returns

13 min read

AMN HEALTHCARE SERVICES INC was among the best performers on Tuesday. It returned +0.73% to close at 59.26. It is currently trading +24% above it's 52 week low of 47.45 and is down only -12% from it's 52 week high.

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Buy-and-Hold investors in AMN experienced a maximum drawdown of -8.75% over the last three months. It returned +10.05% during this strong up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals. The net profit from Long signals was +8.53%.

Trend

AMN has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 7 days, AMN outperformed the SP500 index on 53% days.

During the last three months AMN delivered losses on 57% days. However, it still managed to end this period in a profit. It's best return during this period (of +15.09%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -5.59%) was on Tuesday, 4 Dec, 2018. There was initially a bearish trend during this period which started on 14 Sep, 2018 and went on till 19 Sep, 2018. The trend delivered -5.97% losses to investors. This was followed by a bullish trend that started on 20 Sep, 2018 and ended on 26 Sep, 2018. This bullish trend delivered +5.52% to investors.

On monthly basis, AMN delivered profits in more months over the last year, than losses. AMN delivered profits less regularly than SP500 index. AMN significantly outperformed SP500 index in Nov 2018, when it returned +25.84% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. AMN had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year. It is interesting to note that both AMN and SP500 index significantly outperform during months when quarterly/annual results are announced.

The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind.
-- T.T. Munger

AMN 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 AMN's volatility from 21 Sep, 2018 to 2 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 13 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that AMN has significant positive skewness in it's return distribution. This indicates that investors can expect AMN to recover from drawdowns quickly. Which makes AMN 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 AMN. Therefore, SP500 must receive a lower allocation than AMN in your portfolio. AMN usually has shorter drawdown period than the SP500 index.

Based on your interest in AMN you may find it interesting to know that EPIX, IX and NVCN are all extremely risky investment candidates that must be evaluated carefully. Investors with low risk profile are better off avoiding them till their performance becomes more consistent.

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