GENOMIC HEALTH INC outperformed today. It surged by +1.59% to close at 72.74. During the last week it delivered -3.66% and saw a maximum drawdown of -5.17% before bouncing back.
GHDX is currently in a bullish trend. Over the last three months 2 bullish signals in GHDX have generated a profit of +0.6% for investors.
GHDX has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 13 Dec, 2017 to 7 Nov, 2018. Over the last 2 years 11 months and 8 days, GHDX outperformed the SP500 index on 51% days.
GHDX returned losses on 56% days in the last three months. During this time, it delivered on average +0.25% per day. It delivered it's best daily return of +27.39%, during this period, on Wednesday, 7 Nov, 2018. The longest stort-term trend during this period was 5 losing days, which started on 8 Nov, 2018 and ended on 14 Nov, 2018. This bearish trend lost -17.04% of investor capital.
The last 12 months saw GHDX's investors making profits in 8 months and incurring losses in 4 months. During the last year, GHDX and SP500 index had the same number of profitable months. GHDX significantly outperformed SP500 index in Jun 2018, when it returned +26.25% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. GHDX had a longer winning streak of profitable months than SP500 index. It went up in 8 straight months (from Apr 2018 to Nov 2018) during which period it delivered +103.6%.
Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
-- George Soros
GHDX 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 GHDX's volatility from 14 Sep, 2018 to 7 Nov, 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 GHDX 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.
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