5.45 -0.11 (-1.98%) Sell

EVRI investors dump it for better alternatives

13 min read

EVERI HOLDINGS INC. was among the worst performers on Tuesday. It lost -1.98% to close at 5.45. It is currently trading -43% below it's 52 week high of 9.64.

[Themes containing EVRI]

EVRI is currently in a down trend. The current bearish signal has generated a profit of +13.8% for investors in the last three months.


EVRI has been underperforming the SP500 index in recent time, after having outperformed till 18 Sep, 2018. Over the last 2 years 11 months and 14 days, EVRI underperformed the SP500 index on 50% days. Which indicates that on days EVRI underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months EVRI was mostly loss making and delivered on average -0.8% per day. It's best return during this period (of +6.61%) was on Wednesday, 21 Nov, 2018. While it's worst loss in the same period (of -9.15%) was on Monday, 12 Nov, 2018. There was initially a bearish trend during this period which started on 4 Oct, 2018 and went on till 11 Oct, 2018. The trend delivered -9.4% losses to investors. This was followed by a bullish trend that started on 20 Nov, 2018 and ended on 26 Nov, 2018. This bullish trend delivered +11.24% to investors.

EVRI had 5 profitable and 7 loss making months over the last year. During the last year, EVRI underperformed SP500 index on monthly return basis. EVRI was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -18.9% compared to -7.75% returned by SP500 index in Dec 2018. EVRI 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 EVRI and SP500 index significantly outperform during months when quarterly/annual results are announced.

Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it .
-- Peter Lynch

EVRI is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in EVRI's volatility from 21 Sep, 2018 to 7 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 EVRI has significant negative skewness in it's return distribution. This indicates that EVRI is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in EVRI), three instruments that are extremely volatile are NVCN, OPNT and GNK. They must all be evaluated prudently and investors are better off avoiding them at the moment.

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