9.44 -0.69 (-7.36%) Sell

ENDP investors disappointed by market underperformance

13 min read

ENDO INTERNATIONAL PLC delivered massive losses on Monday. It returned -7.36% to close at 9.44. On a day when the overall market breadth was 34%, it closed higher than 82% of the market. In comparison, the benchmark SP500 index closed today at -0.0191%.

[Themes containing ENDP]

ENDP is currently in a down trend. The current bearish signal has generated a profit of +28.43% for investors in the last three months.


ENDP has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 10 days, ENDP underperformed the SP500 index on 52% days.

ENDP returned losses on 53% days in the last three months. During this time, it delivered on average -0.75% per day. It delivered it's worst daily return of -17.72%, during this period, on Thursday, 8 Nov, 2018. There was initially a bullish trend during this period which started on 27 Sep, 2018 and went on till 3 Oct, 2018. The bullish trend returned +7.13% to investors. This was followed by a bearish trend that started on 4 Dec, 2018 and ended on 11 Dec, 2018. This bearish trend lost -8.67% of investor capital.

On monthly basis, ENDP delivered profits and losses in equal number of months. ENDP delivered profits less regularly than SP500 index. ENDP significantly outperformed SP500 index in Jun 2018, when it returned +49.92% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. ENDP had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year. It is interesting to note that both ENDP and SP500 index significantly outperform during months when quarterly/annual results are announced.

Let him who would enjoy a good future waste none of his present.
-- Roger Babson

ENDP 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 ENDP's volatility from 19 Sep, 2018 to 8 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 ENDP has positive skewness in it's return distribution. This indicates that investors can expect ENDP to make attempts to recover from drawdowns quickly. Which makes ENDP a good candidate for momentum based trading on short-term bullish trends or counter-trends.

Investors trading in ENDP derivatives at this moment can consider 'Covered Call' options strategy to receive better risk-adjusted returns.

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

Based on your interest in ENDP you may find it interesting to know that CRCM and NTEC have both performed similar to ENDP and can be considered by investors as alternative investment options.

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