ANGIODYNAMICS INC

21.55 -0.2 (-0.92%) Buy

ANGO investors doing a reality check

13 min read

ANGIODYNAMICS INC significantly underperformed on Thursday. It returned -0.92% to close at 21.55. It is currently trading +37% above it's 52 week low of 15.71 and is down only -11% from it's 52 week high.

[Themes containing ANGO]

ANGO is currently in a up trend. The previous long signal in ANGO has not been profitable for investors in general. If you are invested in ANGO at current levels please make sure that your allocation is limited and that your portfolio is well diversified.

Trend

ANGO has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 9 days, ANGO outperformed the SP500 index on 54% days.

During the last three months ANGO delivered profits on 52% days. However, it still managed to end this period in a loss. It's best return during this period (of +3.16%) was on Thursday, 15 Nov, 2018. While it's worst loss in the same period (of -10.85%) was on Thursday, 27 Sep, 2018. There was initially a bearish trend during this period which started on 2 Oct, 2018 and went on till 10 Oct, 2018. The trend delivered -9.79% losses to investors. This was followed by a bullish trend that started on 1 Nov, 2018 and ended on 8 Nov, 2018. This bullish trend delivered +6.94% to investors.

On monthly basis, ANGO delivered profits in more months over the last year, than losses. ANGO delivered profits less regularly than SP500 index. ANGO significantly outperformed SP500 index in Apr 2018, when it returned +11.25% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. ANGO had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year.

Anybody who plays the stock market not as an insider is like a man buying cows in the moonlight.
-- Daniel Drew

ANGO 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 ANGO's volatility from 18 Sep, 2018 to 27 Sep, 2018. While there was a significant surge in the SP500 index's volatility from 14 Sep, 2018 to 29 Oct, 2018.

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

Based on your interest in ANGO you may find it interesting to know that PFE, CSCO and UNH are large caps that have all shown remarkable performance and qualify to be on every investor's watchlist.

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