COMMVAULT SYSTEMS INC delivered massive losses on Friday. It delivered -2.19% to close at 56.73. On a day when the overall market breadth was 35%, it closed higher than 71% of the market. In comparison, the benchmark SP500 index closed today at -0.0191%.
CVLT showed a strong bearish trend over the last 3 months. During this period CVLT delivered -17.18% and saw a maximum drawdown of -21.21%. There was a short signal during this period which returned +17.18%.
CVLT has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 25 Jan, 2016 to 18 Apr, 2018. Over the last 2 years 11 months and 10 days, CVLT outperformed the SP500 index on 53% days.
During the last three months CVLT was mostly loss making and delivered on average -0.28% per day. It's best return during this period (of +5.17%) was on Wednesday, 31 Oct, 2018. While it's worst loss in the same period (of -4.87%) was on Wednesday, 10 Oct, 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 -10.56% of investor capital.
The last 12 months saw CVLT's investors making profits in 6 months and incurring losses in 6 months. CVLT was less consistent in delivering monthly returs than SP500 index. CVLT was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -14.17% compared to -7.28% returned by SP500 index in Oct 2018. CVLT had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from May 2018 to Jul 2018) during which period it delivered -9.08%.
Thirty to 40 years ago, most financial decisions were fairly simple.
-- Scott Cook
CVLT 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 CVLT's volatility from 18 Sep, 2018 to 31 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 CVLT has significant positive skewness in it's return distribution. This indicates that investors can expect CVLT to recover from drawdowns quickly. Which makes CVLT a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
Based on your interest in CVLT you may find it interesting to know that EHC is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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