23.34 0.0 (0.0%) Sell

Search for alternative investments is on for FLXS investors as it ranked worse than it's peers

13 min read

FLEXSTEEL INDUSTRIES INC delivered lacklustre performance on Friday. It fell by 0.0% to close at 23.34. On a day when the overall market breadth was 35%, it closed higher than 68% of the market. In comparison, the benchmark SP500 index closed today at -0.0191%.

[Themes containing FLXS]

Buy-and-Hold investors in FLXS experienced a maximum drawdown of -30.77% over the last three months. It fell by -28.97% during this strong bearish trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +26.9%.


FLXS has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 9 Dec, 2016 to 7 Nov, 2018. Over the last 2 years 11 months and 10 days, FLXS underperformed the SP500 index on 50% days. Which indicates that on days FLXS underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months FLXS was mostly loss making and delivered on average -0.5% per day. It's best return during this period (of +3.91%) was on Monday, 29 Oct, 2018. While it's worst loss in the same period (of -17.0%) was on Friday, 26 Oct, 2018. The longest stort-term trend during this period was 6 losing days, which started on 5 Oct, 2018 and ended on 12 Oct, 2018. This bearish trend lost -4.35% of investor capital.

During the last year FLXS had 3 profitable months and 9 loss making months. FLXS returned profits in fewer months than SP500 index. FLXS was also a more risky investment than SP500 index as it's worst month in the last year, Sep 2018, returned -16.65% compared to -7.28% returned by SP500 index in Oct 2018. FLXS had a longer winning streak of losing months than SP500 index. It went down in 6 straight months (from Jul 2018 to Dec 2018) during which period it delivered -49.62%.

When you stop chasing the wrong things you give the right things a chance to catch you.
-- Lolly Daskal

FLXS 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 FLXS's volatility from 17 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 FLXS has positive skewness in it's return distribution. This indicates that investors can expect FLXS to make attempts to recover from drawdowns quickly. Which makes FLXS a good candidate for momentum based trading on short-term bullish trends or counter-trends.

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

Based on your interest in FLXS you may find it interesting to know that SRLP has delivered similar performance as FLXS and can be considered as an alternative investment candidate (to FLXS).

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
Symbol Price {{retType}} | Tr.
{{detail.symbol}} {{detail.close}} {{detail.priceChange}}  {{detail.pctChange}}%  {{detail.name}} {{detail.trend}} 
If you liked what you read here ...

... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.

All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.

We want to empower investors with all the tools and analysis required by them to make a rational investment decision.

If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute
Share with friends   WhatsApp   Facebook   Twitter