ENERGY RECOVERY, INC. has destroyed investor wealth on Friday. It delivered -4.45% to close at 7.3. On a day when the overall market breadth was 35%, it closed higher than 67% of the market. In comparison, the benchmark SP500 index closed today at -0.0191%.
ERII is currently in a bearish trend. Over the last three months 2 bearish signals have generated a profit of +4.91% for investors.
ERII has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 27 Sep, 2016 to 5 Mar, 2018. Over the last 2 years 11 months and 10 days, ERII underperformed the SP500 index on 51% days.
During the last three months ERII was mostly loss making and delivered on average -0.27% per day. It's best return during this period (of +18.15%) was on Friday, 2 Nov, 2018. While it's worst loss in the same period (of -5.61%) was on Monday, 10 Dec, 2018. The longest stort-term trend during this period was 6 losing days, which started on 17 Oct, 2018 and ended on 24 Oct, 2018. This bearish trend lost -11.95% of investor capital.
The last 12 months saw ERII's investors making profits in 5 months and incurring losses in 7 months. ERII was less consistent in delivering monthly returs than SP500 index. ERII significantly outperformed SP500 index in Mar 2018, when it returned +19.83% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. ERII had a shorter streak of profitable months than SP500 index. It only went up in 2 straight months during the last year.
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ERII is currently seeing overall fall in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in ERII's volatility from 26 Sep, 2018 to 6 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 ERII 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 ERII you may find it interesting to know that EHC is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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