CHE is looking better than most other alternatives today. On a longer term basis, investors in CHEMED CORP made +0.11% per day. Tuesday's performance of +0.01% was a significant outperformance compared to it's daily average.
CHE showed a down trend over the last 3 months. During this period CHE lost -5.35% and saw a maximum drawdown of -12.93%. There was a short signal during this period which returned +2.81%.
During the last three months CHE delivered profits on 50% days. However, it still managed to end this period in a loss. It's best return during this period (of +9.66%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -4.07%) was on Tuesday, 4 Dec, 2018. There was initially a bullish trend during this period which started on 20 Sep, 2018 and went on till 28 Sep, 2018. The bullish trend returned +4.56% to investors. This was followed by a bearish trend that started on 18 Oct, 2018 and ended on 24 Oct, 2018. This bearish trend lost -7.83% of investor capital.
CHE had 6 profitable and 6 loss making months over the last year. During the last year, CHE underperformed SP500 index on monthly return basis. CHE significantly outperformed SP500 index in Apr 2018, when it returned +14.98% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. CHE 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 CHE and SP500 index significantly outperform during months when quarterly/annual results are announced.
I'd like to live as a poor man with lots of money.
-- Pablo Picasso
CHE is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in CHE's volatility from 13 Sep, 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 CHE 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.
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