29.7 +0.01 (+0.03%) Buy

ESIO continues it's uptrend, although on a weaker note

13 min read

ELECTRO SCIENTIFIC INDUSTRIES INC ranked better than it's peers on Thursday. It delivered +0.03% to close at 29.7 which is it's 52 week high.

[Themes containing ESIO]

ESIO showed a strong bullish trend over the last 3 months. During this period ESIO delivered +64.45% and saw a maximum drawdown of -23.57%. There were 2 long signals during this period that returned a cumulative of +1.34% to investors.


ESIO has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 3 Nov, 2016 to 13 Dec, 2018. One must note that ESIO is currently at it's peak outperformance to the SP500 index which makes it a good investment candidate. Over the last 2 years 11 months and 9 days, ESIO outperformed the SP500 index on 52% days.

During the last three months ESIO delivered losses on 52% days. However, it still managed to end this period in a profit. It's best return during this period (of +91.09%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -7.28%) was on Wednesday, 24 Oct, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 25 Oct, 2018 and went on till 1 Nov, 2018. This bullish trend returned +100.06% to investors.

The last 12 months saw ESIO's investors making profits in 9 months and incurring losses in 3 months. During the last year, ESIO delivered profits in more months than SP500 index. ESIO significantly outperformed SP500 index in Oct 2018, when it returned +66.86% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. ESIO had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year. It is interesting to note that both ESIO and SP500 index significantly outperform during months when quarterly/annual results are announced.

"There are two kinds of investors, be they large or small: those who don't know where the market is headed, and those who don't know that they don't know. Then again, there is a third type of investor -the investment professional, who indeed knows that he or she doesn't know, but whose livelihood depends upon appearing to know.

ESIO 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 fall in ESIO's volatility from 30 Oct, 2018 to 13 Dec, 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 ESIO 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 ESIO. Therefore, SP500 must receive a lower allocation than ESIO in your portfolio. SP500 index usually has shorter drawdown period than ESIO.

On a general note (since you are interested in ESIO), MSFT is a large cap that deserves to be closely tracked for investment opportunities.

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