1.27 +0.03 (+2.42%) Sell

Don't lose faith in FTK now, it delivered good returns

13 min read

FLOTEK INDUSTRIES INC was among the best performers on Wednesday. It returned +2.42% to close at 1.27. It is currently trading -80% below it's 52 week high of 6.63.

[Themes containing FTK]

FTK showed a strong down trend over the last 3 months. During this period FTK returned -40.65% and saw a maximum drawdown of -52.53%. There were 2 short signals during this period that returned a cumulative of +15.77% to investors.


FTK has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 8 days, FTK underperformed the SP500 index on 51% days.

During the last three months FTK was mostly loss making and delivered on average -0.63% per day. It's best return during this period (of +29.95%) was on Wednesday, 7 Nov, 2018. While it's worst loss in the same period (of -25.1%) was on Thursday, 8 Nov, 2018. There was initially a bullish trend during this period which started on 18 Sep, 2018 and went on till 21 Sep, 2018. The bullish trend returned +21.88% to investors. This was followed by a bearish trend that started on 17 Oct, 2018 and ended on 24 Oct, 2018. This bearish trend lost -22.14% of investor capital.

On monthly basis, FTK delivered losses in more months over the last year, than profits. FTK delivered profits less regularly than SP500 index. FTK was also a more risky investment than SP500 index as it's worst month in the last year, Apr 2018, returned -38.97% compared to -7.28% returned by SP500 index in Oct 2018. FTK 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 -85.85%.

"We ignore outlooks and forecasts.. we're lousy at it and we admit it .. everyone else is lousy too, but most people won't admit it.

FTK is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant fall in FTK's volatility from 13 Sep, 2018 to 18 Sep, 2018. While there was a significant surge in the SP500 index's volatility from 13 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that FTK has significant positive skewness in it's return distribution. This indicates that investors can expect FTK to recover from drawdowns quickly. Which makes FTK 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 FTK. Therefore, SP500 must receive a lower allocation than FTK in your portfolio. FTK usually has shorter drawdown period than the SP500 index.

On a general note (since you are interested in FTK), if you are an investor in OPNT, you need to be extra careful (consider limiting your exposure or diversifying) as it is extremely unpredictable and therefore risky.

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