FLIR SYSTEMS INC was among the worst performers on Friday. It delivered -1.78% to close at 43.12 which is it's 52 week low, down -31% from it's 52 week high.
FLIR showed a strong bearish trend over the last 3 months. During this period FLIR delivered -30.71% and saw a maximum drawdown of -31.05%. There was a short signal during this period which returned +30.71%.
FLIR has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 21 Oct, 2016 to 4 Sep, 2018. Over the last 2 years 11 months and 10 days, FLIR outperformed the SP500 index on 51% days.
During the last three months FLIR was mostly loss making and delivered on average -0.55% per day. It's best return during this period (of +3.5%) was on Wednesday, 28 Nov, 2018. While it's worst loss in the same period (of -12.92%) was on Tuesday, 30 Oct, 2018. The longest stort-term trend during this period was 8 losing days, which started on 2 Oct, 2018 and ended on 11 Oct, 2018. This bearish trend lost -10.68% of investor capital.
The last 12 months saw FLIR's investors making profits in 6 months and incurring losses in 6 months. FLIR was less consistent in delivering monthly returs than SP500 index. FLIR was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -24.69% compared to -7.28% returned by SP500 index in Oct 2018. FLIR 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 -33.65%. It is interesting to note that both FLIR and SP500 index significantly outperform during months when quarterly/annual results are announced.
Let him who would enjoy a good future waste none of his present.
-- Roger Babson
FLIR 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 FLIR's volatility from 18 Sep, 2018 to 31 Oct, 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 FLIR 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 FLIR you may find it interesting to know that LULU is a mid cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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