64.42 +1.72 (+2.68%) Buy

AYX continues to mint money for it's investors

13 min read

AYX ranked among the best performers today. On a longer term basis, investors in ALTERYX, INC. made -0.22% per day. Friday's performance of +2.68% was a outperformance compared to it's daily average.

[Themes containing AYX]

AYX showed a strong bullish trend over the last 3 months. During this period AYX delivered +13.42% and saw a maximum drawdown of -30.68%. There were 3 long signals during this period that returned a cumulative of +3.37% to investors.


AYX has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 24 Apr, 2017 to 14 Dec, 2018. One must note that AYX is currently at it's peak outperformance to the SP500 index which makes it a good investment candidate. Over the last 1 year and 9 months, AYX outperformed the SP500 index on 55% days.

During the last three months AYX was mostly profitable and delivered on average +0.29% per day. It's best return during this period (of +10.31%) was on Wednesday, 7 Nov, 2018. While it's worst loss in the same period (of -13.11%) was on Monday, 19 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 -19.89% of investor capital.

During the last year AYX had 7 profitable months and 5 loss making months. AYX returned profits in fewer months than SP500 index. AYX significantly outperformed SP500 index in Aug 2018, when it returned +48.88% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. AYX had a shorter streak of profitable months than SP500 index. It only went up in 2 straight months during the last year.

Wealth is like sea-water; the more we drink, the thirstier we become; and the same is true of fame.
-- Arthur Schopenhauer

AYX 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 AYX's volatility from 3 Oct, 2018 to 19 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 AYX 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.

AYX has more chance of extreme outcomes than the SP500 index. Therefore, AYX must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than AYX.

Based on your interest in AYX you may find it interesting to know that GNK and IMTE are highly volatile and therefore risky. Investors should consider limiting their exposure to these instruments (because of their volatile nature).

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.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