72.07 -1.57 (-2.17%) Sell

Looking to invest in EVR? Avoid at the moment as it was among the worst performers

13 min read

EVERCORE INC. was among the worst performers today. It fell by -2.17% to close at 72.07. It's recent 5 day performance has been -2.11%, -1.89%, +1.05%, -0.38% and -0.81%.

[Themes containing EVR]

EVR showed a strong bearish trend over the last 3 months. During this period EVR fell by -29.31% and saw a maximum drawdown of -29.89%. There was a short signal during this period which returned +29.31%.


EVR has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 28 Jun, 2016 to 2 Aug, 2018. Over the last 2 years 11 months and 10 days, EVR outperformed the SP500 index on 52% days.

EVR returned losses on 63% days in the last three months. During this time, it delivered on average -0.54% per day. It delivered it's worst daily return of -5.74%, during this period, on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 5 losing days, which started on 26 Sep, 2018 and ended on 2 Oct, 2018. This bearish trend lost -5.18% of investor capital.

During the last year EVR had 6 profitable months and 6 loss making months. EVR returned profits in fewer months than SP500 index. EVR was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -17.32% compared to -7.28% returned by SP500 index in Oct 2018. EVR had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year. It is interesting to note that both EVR and SP500 index significantly outperform during months when quarterly/annual results are announced.

"I turn up in Los Angeles every now and then, so I can get some big money films in order to finance my smaller money films.

EVR is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in EVR's volatility from 21 Sep, 2018 to 7 Dec, 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 EVR has significant positive skewness in it's return distribution. This indicates that investors can expect EVR to recover from drawdowns quickly. Which makes EVR a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

On a general note (since you are interested in EVR), two instruments that deserve special mention are TPNL and TNDM. They have significantly outperformed the overall market this year.

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