DECKERS OUTDOOR CORP delivered massive losses today. It fell by -0.53% to close at 126.6. It's recent 5 day performance has been +2.07%, +3.55%, -5.94%, -0.34% and -6.17%.
DECK is currently in a bearish trend. Over the last three months Buy-and-Hold has been a better strategy (returning +8.06%) for DECK's investors than shorting it.
DECK has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 7 Feb, 2017 to 3 Dec, 2018. Over the last 2 years 11 months and 8 days, DECK outperformed the SP500 index on 54% days.
DECK returned losses on 53% days in the last three months. During this time, it delivered on average +0.16% per day. It delivered it's worst daily return of -6.2%, during this period, on Wednesday, 10 Oct, 2018. The longest stort-term trends during this period were 5 profitable and losing days. The bullish trend (which returned +6.54%) started on 24 Sep, 2018 and went on till 28 Sep, 2018 while the bearish trend (which returned -6.48%) started on 9 Nov, 2018 and went on till 15 Nov, 2018.
During the last year DECK had 7 profitable months and 5 loss making months. DECK returned profits in fewer months than SP500 index. DECK significantly outperformed SP500 index in May 2018, when it returned +21.34% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. DECK had a shorter streak of profitable months than SP500 index. It only went up in 2 straight months during the last year. It is interesting to note that both DECK and SP500 index significantly outperform during months when quarterly/annual results are announced.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
-- Warren Buffett
DECK 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 DECK's volatility from 18 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 DECK 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.
Based on your interest in DECK you may find it interesting to know that HQY is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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