AVERY DENNISON CORP outperformed the broader market on Friday. It increased by +0.47% to close at 91.2. It is currently trading -25% below it's 52 week high of 122.68.
AVY showed a strong bearish trend over the last 3 months. During this period AVY fell by -16.6% and saw a maximum drawdown of -21.85%. There were 2 short signals during this period that returned a cumulative of +9.85% to investors.
AVY has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 4 Jan, 2016 to 31 Jan, 2018. Over the last 2 years 11 months and 10 days, AVY outperformed the SP500 index on 50% days. Which indicates that on days AVY outperforms the SP500 index, it's performance is marginally better than on the days it underperforms the SP500 index.
During the last three months AVY was mostly loss making and delivered on average -0.28% per day. It's best return during this period (of +3.34%) was on Wednesday, 28 Nov, 2018. While it's worst loss in the same period (of -4.71%) was on Tuesday, 23 Oct, 2018. The longest stort-term trend during this period was 6 losing days, which started on 17 Oct, 2018 and ended on 24 Oct, 2018. This bearish trend lost -11.87% of investor capital.
During the last year AVY had 6 profitable months and 6 loss making months. AVY returned profits in fewer months than SP500 index. AVY was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -16.87% compared to -7.28% returned by SP500 index in Oct 2018. AVY had a shorter streak of profitable months than SP500 index. It only went up in 2 straight months during the last year. It is interesting to note that both AVY and SP500 index significantly outperform during months when quarterly/annual results are announced.
"You have venture capitalists. We view them as experts who also help finance your company and give directions and also some pretty candid discussions about what you have to do better.
AVY 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 AVY's volatility from 17 Sep, 2018 to 24 Oct, 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 AVY 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.
Based on your interest in AVY you may find it interesting to know that VIPS is highly volatile and investors investing in it must take extreme caution. Consider either reducing your exposure to VIPS or sufficiently diversifying your portfolio.
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