64.15 -0.86 (-1.34%) Sell

The party never started for ELLI investors as it ranked among the worst performers

13 min read

ELLIE MAE INC ranked among the worst performers on Friday. It returned -1.34% to close at 64.15. On a day when the overall market breadth was 35%, it closed higher than 12% of the market. In comparison, the benchmark SP500 index closed today at -0.0191%.

[Themes containing ELLI]

ELLI is currently in a down trend. The current bearish signal has generated a profit of +34.89% for investors in the last three months.


ELLI has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 10 days, ELLI underperformed the SP500 index on 46% days. Which indicates that on days ELLI underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months ELLI was mostly loss making and delivered on average -0.62% per day. It's best return during this period (of +5.9%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -19.27%) was on Friday, 26 Oct, 2018. There was initially a bearish trend during this period which started on 18 Sep, 2018 and went on till 24 Sep, 2018. The trend delivered -5.51% losses to investors. This was followed by a bullish trend that started on 6 Nov, 2018 and ended on 8 Nov, 2018. This bullish trend delivered +0.45% to investors.

On monthly basis, ELLI delivered profits and losses in equal number of months. ELLI delivered profits less regularly than SP500 index. ELLI was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -29.65% compared to -7.28% returned by SP500 index in Oct 2018. ELLI had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.

"The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market.

ELLI is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in ELLI's volatility from 18 Sep, 2018 to 1 Nov, 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 ELLI 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.

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

On a general note (since you are interested in ELLI), two instruments that have been extremely volatile in recent times are OPNT and NVCN. Investors in these instruments should consider reducing their exposure (to OPNT and NVCN) and diversifying their portfolios.

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