AUDENTES THERAPEUTICS, INC.

23.48 +0.16 (+0.69%) Sell

BOLD investors considering profit booking at current levels

13 min read

AUDENTES THERAPEUTICS, INC. delivered good returns today. It grew by +0.69% to close at 23.48. During the last week it grew by +0.38% and saw a maximum drawdown of -2.87% before bouncing back.

[Themes containing BOLD]

BOLD is currently in a down trend. Over the last three months 4 bearish signals have generated a profit of +7.66% for investors.

Trend

BOLD has been underperforming the SP500 index in recent time, after having outperformed till 20 Jun, 2018. Over the last 2 years and 5 months, BOLD outperformed the SP500 index on 51% days.

During the last three months BOLD delivered profits on 50% days. However, it still managed to end this period in a loss. It's best return during this period (of +7.01%) was on Friday, 5 Oct, 2018. While it's worst loss in the same period (of -18.73%) was on Wednesday, 10 Oct, 2018. There was initially a bullish trend during this period which started on 30 Oct, 2018 and went on till 2 Nov, 2018. The bullish trend returned +10.29% to investors. This was followed by a bearish trend that started on 9 Nov, 2018 and ended on 14 Nov, 2018. This bearish trend lost -10.12% of investor capital.

BOLD had 5 profitable and 7 loss making months over the last year. During the last year, BOLD underperformed SP500 index on monthly return basis. BOLD significantly outperformed SP500 index in Apr 2018, when it returned +30.49% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. BOLD had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year. It is interesting to note that both BOLD and SP500 index significantly outperform during months when quarterly/annual results are announced.

Be quick in cutting your loses but not profits
-- Abhishek Shukla

BOLD 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 fall in BOLD's volatility from 13 Sep, 2018 to 27 Sep, 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 BOLD has significant positive skewness in it's return distribution. This indicates that investors can expect BOLD to recover from drawdowns quickly. Which makes BOLD a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

Based on your interest in BOLD you may find it interesting to know that BURL and ZBRA are both small caps that have shown remarkable performance and deserve to be on every investors' watchlist.

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