10.23 0.0 (0.0%) Buy

Search for alternative investments is on for AQUA investors as it underperforms

13 min read

EVOQUA WATER TECHNOLOGIES CORP. performed worse than the broader market on Tuesday. It fell by 0.0% to close at 10.23. It is currently trading -59% below it's 52 week high of 25.19.

[Themes containing AQUA]

AQUA is currently in a bullish trend. The current bullish signal has generated a profit of +8.6% for AQUA's investors in the last three months.


AQUA has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 12 Mar, 2018 to 27 Nov, 2018. Over the last 1 year 1 month and 9 day, AQUA underperformed the SP500 index on 46% days. Which indicates that on days AQUA underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

AQUA returned losses on 59% days in the last three months. During this time, it delivered on average -0.74% per day. It delivered it's worst daily return of -34.64%, during this period, on Tuesday, 30 Oct, 2018. The longest stort-term trend during this period was 6 losing days, which started on 14 Nov, 2018 and ended on 21 Nov, 2018. This bearish trend lost -11.39% of investor capital.

During the last year AQUA had 4 profitable months and 8 loss making months. AQUA returned profits in fewer months than SP500 index. AQUA was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -45.92% compared to -7.28% returned by SP500 index in Oct 2018. AQUA had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Aug 2018 to Nov 2018) during which period it delivered -68.15%. It is interesting to note that both AQUA and SP500 index significantly outperform during months when quarterly/annual results are announced.

What we now call 'finance' is, I hold, an intellectual perversion of what began as warm human love.
-- Robert Graves

AQUA is currently seeing overall fall in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in AQUA's volatility from 1 Oct, 2018 to 30 Oct, 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 AQUA has significant positive skewness in it's return distribution. This indicates that investors can expect AQUA to recover from drawdowns quickly. Which makes AQUA 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 AQUA. Therefore, SP500 must receive a lower allocation than AQUA in your portfolio. AQUA usually has shorter drawdown period than the SP500 index.

On a general note (since you are interested in AQUA), three instruments that deserve special mention are DLPH, EPIX and AMRH. They have all outperformed the market and must be closely watched for investment opportunities.

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
Symbol Price {{retType}} | Tr.
{{detail.symbol}} {{detail.close}} {{detail.priceChange}}  {{detail.pctChange}}%  {{detail.name}} {{detail.trend}} 
If you liked what you read here ...

... 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
Share with friends   WhatsApp   Facebook   Twitter