ANSYS INC delivered massive losses on Friday. It delivered -3.2% to close at 149.71. It is currently trading -21% below it's 52 week high of 189.51.
ANSS showed a strong bearish trend over the last 3 months. During this period ANSS delivered -18.57% and saw a maximum drawdown of -23.13%. There was a short signal during this period which returned +14.64%.
ANSS has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 3 Nov, 2016 to 14 Sep, 2018. Over the last 2 years 11 months and 10 days, ANSS outperformed the SP500 index on 56% days.
ANSS returned losses on 58% days in the last three months. During this time, it delivered on average -0.3% per day. It delivered it's best daily return of +6.18%, during this period, on Thursday, 8 Nov, 2018. The longest stort-term trend during this period was 6 losing days, which started on 4 Oct, 2018 and ended on 11 Oct, 2018. This bearish trend lost -16.79% of investor capital.
The last 12 months saw ANSS's investors making profits in 7 months and incurring losses in 5 months. ANSS was less consistent in delivering monthly returs than SP500 index. ANSS was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -19.6% compared to -7.28% returned by SP500 index in Oct 2018. ANSS had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.
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ANSS 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 ANSS's volatility from 27 Sep, 2018 to 20 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 ANSS 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.
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