ENDOLOGIX INC

0.7 +0.02 (+2.49%) Sell

Are you evaluating investing in ELGX? Consider as it managed to marginally outperform the broader market

13 min read

ELGX delivered stellar performance today. On a longer term basis, investors in ENDOLOGIX INC made +0.21% per day. Friday's performance of +2.49% was a significant outperformance compared to it's daily average.

[Themes containing ELGX]

ELGX showed a strong down trend over the last 3 months. During this period ELGX lost -61.54% and saw a maximum drawdown of -66.95%. There was a short signal during this period which returned +61.54%.

Trend

ELGX has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 10 days, ELGX underperformed the SP500 index on 47% days. Which indicates that on days ELGX underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

ELGX returned losses on 56% days in the last three months. During this time, it delivered on average -1.35% per day. It delivered it's worst daily return of -15.26%, during this period, on Tuesday, 4 Dec, 2018. There was initially a bullish trend during this period which started on 30 Oct, 2018 and went on till 6 Nov, 2018. The bullish trend returned +13.5% to investors. This was followed by a bearish trend that started on 7 Nov, 2018 and ended on 14 Nov, 2018. This bearish trend lost -37.09% of investor capital.

ELGX had 4 profitable and 8 loss making months over the last year. During the last year, ELGX underperformed SP500 index on monthly return basis. ELGX was also a more risky investment than SP500 index as it's worst month in the last year, Aug 2018, returned -54.81% compared to -7.28% returned by SP500 index in Oct 2018. ELGX had a longer winning streak of losing months than SP500 index. It went down in 6 straight months (from Jul 2018 to Dec 2018) during which period it delivered -160.35%.

"You will never be a greater risk-taker in the markets if you approach life with a completely different attitude.

ELGX is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. 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 ELGX has significant positive skewness in it's return distribution. This indicates that investors can expect ELGX to recover from drawdowns quickly. Which makes ELGX a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

On a general note (since you are interested in ELGX), NFEC has performed really well this year and deserves to be closely tracked for investment opportunities.

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