GENTEX CORP was among the worst performers today. It delivered -3.0% to close at 21.01. During the last week it delivered -6.71% and saw a maximum drawdown of -7.65% before bouncing back.
Buy-and-Hold investors in GNTX experienced a maximum drawdown of -20.93% over the last three months. It delivered -10.79% 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 +3.62%.
GNTX has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 25 Jan, 2017 to 17 Oct, 2018. Over the last 2 years 11 months and 3 days, GNTX outperformed the SP500 index on 53% days.
GNTX returned losses on 56% days in the last three months. During this time, it delivered on average -0.16% per day. It delivered it's best daily return of +7.04%, during this period, on Friday, 19 Oct, 2018. The longest stort-term trends during this period were 5 profitable and losing days. The bullish trend (which returned +7.24%) started on 26 Oct, 2018 and went on till 1 Nov, 2018 while the bearish trend (which returned -6.43%) started on 21 Sep, 2018 and went on till 27 Sep, 2018.
The last 12 months saw GNTX's investors making profits in 7 months and incurring losses in 5 months. GNTX was less consistent in delivering monthly returs than SP500 index. GNTX significantly outperformed SP500 index in Jan 2018, when it returned +12.07% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. GNTX had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year. It is interesting to note that both GNTX and SP500 index significantly outperform during months when quarterly/annual results are announced.
Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.
-- Ayn Rand
GNTX 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 GNTX's volatility from 11 Sep, 2018 to 29 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 10 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that GNTX has significant positive skewness in it's return distribution. This indicates that investors can expect GNTX to recover from drawdowns quickly. Which makes GNTX a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
... 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