2.4 -0.05 (-2.04%) Sell

EPIX investors take a massive hit

13 min read

EPIX ranked among the worst performers today. On a longer term basis, investors in ESSA PHARMA INC. (Foreign) made +0.57% per day. Tuesday's performance of -2.04% was a significant underperformance compared to it's daily average.

Buy-and-Hold investors in EPIX experienced a maximum drawdown of -40.25% over the last three months. It lost -22.98% during this strong down trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals.


EPIX has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 14 days, EPIX underperformed the SP500 index on 53% days.

During the last three months EPIX was mostly loss making and delivered on average -0.17% per day. It's best return during this period (of +23.6%) was on Tuesday, 9 Oct, 2018. While it's worst loss in the same period (of -16.08%) was on Friday, 23 Nov, 2018. There was initially a bullish trend during this period which started on 24 Sep, 2018 and went on till 5 Oct, 2018. The bullish trend returned +30.88% to investors. This was followed by a bearish trend that started on 22 Oct, 2018 and ended on 26 Oct, 2018. This bearish trend lost -13.58% of investor capital.

EPIX had 3 profitable and 9 loss making months over the last year. During the last year, EPIX underperformed SP500 index on monthly return basis. EPIX was also a more risky investment than SP500 index as it's worst month in the last year, Jul 2018, returned -27.07% compared to -7.75% returned by SP500 index in Dec 2018. EPIX had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Sep 2018 to Dec 2018) during which period it delivered -32.23%.

If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.
-- Edmund Burke

EPIX 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 fall in EPIX's volatility from 20 Sep, 2018 to 16 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that EPIX 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 EPIX. Therefore, SP500 must receive a lower allocation than EPIX in your portfolio. SP500 index usually has shorter drawdown period than EPIX.

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

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
Symbol Price {{retType}} | Tr.
{{detail.symbol}} {{detail.close}} {{detail.priceChange}}  {{detail.pctChange}}%  {{}} {{detail.trend}} 
If you liked what you read here ...

... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.

All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.

We want to empower investors with all the tools and analysis required by them to make a rational investment decision.

If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute
Share with friends   WhatsApp   Facebook   Twitter