FORTIVE CORP ranked better than it's peers today. It delivered +1.01% to close at 70.77. It's recent 5 day performance has been -0.93%, +1.12%, -3.05%, -0.97% and -4.09%.
FTV is currently in a bearish trend. The current bearish signal has generated a profit of +11.78% for investors in the last three months.
FTV has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 1 Aug, 2016 to 17 Sep, 2018. Over the last 2 years 5 months and 7 days, FTV outperformed the SP500 index on 51% days.
During the last three months FTV was mostly loss making and delivered on average -0.31% per day. It's best return during this period (of +3.59%) was on Wednesday, 31 Oct, 2018. While it's worst loss in the same period (of -4.28%) was on Friday, 26 Oct, 2018. The longest stort-term trend during this period was 7 profitable days, which started on 31 Oct, 2018 and went on till 8 Nov, 2018. This bullish trend returned +7.1% to investors.
During the last year FTV had 9 profitable months and 3 loss making months. FTV returned profits in more months than SP500 index. FTV was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -12.06% compared to -7.28% returned by SP500 index in Oct 2018. FTV had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year.
Financial security and independence are like a three-legged stool resting on savings, insurance and investments.
-- Brian Tracy
FTV 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 FTV's volatility from 4 Oct, 2018 to 26 Oct, 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 FTV 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 FTV you may find it interesting to know that TPNL has shown remarkable performance this year and deserves to be on every investors' watchlist.
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