Joy for FTV investors as it shows marginal outperformance
12 Dec, 201813 min read
Share with friends 
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.
FTV has more chance of extreme outcomes than the SP500 index. Therefore, FTV must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than FTV.
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.
... 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