CELGENE CORP ranked among the best performers on Wednesday. It delivered +2.03% to close at 70.9. On a day when the overall market breadth was 35%, it closed higher than 13% of the market. In comparison, the benchmark SP500 index closed today at +0.54%.
CELG showed a strong bearish trend over the last 3 months. During this period CELG fell by -20.1% and saw a maximum drawdown of -27.45%. There were 2 short signals during this period that returned a cumulative of +11.55% to investors.
CELG has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 6 Jan, 2016 to 16 Nov, 2018. Over the last 2 years 11 months and 8 days, CELG underperformed the SP500 index on 49% days. Which indicates that on days CELG underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
During the last three months CELG was mostly loss making and delivered on average -0.34% per day. It's best return during this period (of +5.6%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -6.34%) was on Wednesday, 24 Oct, 2018. The longest stort-term trend during this period was 8 losing days, which started on 18 Oct, 2018 and ended on 29 Oct, 2018. This bearish trend lost -16.23% of investor capital.
During the last year CELG had 6 profitable months and 6 loss making months. CELG returned profits in fewer months than SP500 index. CELG was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -20.34% compared to -7.28% returned by SP500 index in Oct 2018. CELG had a shorter streak of profitable months than SP500 index. It only went up in 3 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
CELG 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 CELG's volatility from 19 Sep, 2018 to 29 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 CELG has significant positive skewness in it's return distribution. This indicates that investors can expect CELG to recover from drawdowns quickly. Which makes CELG a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
Investors trading in CELG derivatives at this moment can consider 'Protective Collar' options strategy to receive better risk-adjusted returns.
Based on your interest in CELG you may find it interesting to know that TPNL has shown remarkable performance this year and deserves to be on every investors' watchlist.
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