101.45 -1.38 (-1.36%) Buy

Search for alternative investments is on for HAE investors as it performed worse than the broader market

13 min read

HAE delivered massive losses today. On a longer term basis, investors in HAEMONETICS CORP made -0.06% per day. Monday's performance of -1.36% was a significant underperformance compared to it's daily average.

[Themes containing HAE]

Buy-and-Hold investors in HAE experienced a maximum drawdown of -13.73% over the last three months. It returned -7.59% during this down trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals.


HAE has been underperforming the SP500 index in recent time, after having outperformed till 8 Nov, 2018. Over the last 2 years 11 months and 10 days, HAE outperformed the SP500 index on 53% days.

HAE returned losses on 51% days in the last three months. During this time, it delivered on average -0.1% per day. It delivered it's worst daily return of -7.18%, during this period, on Monday, 19 Nov, 2018. There was initially a bullish trend during this period which started on 20 Sep, 2018 and went on till 25 Sep, 2018. The bullish trend returned +3.47% to investors. This was followed by a bearish trend that started on 2 Oct, 2018 and ended on 5 Oct, 2018. This bearish trend lost -6.94% of investor capital.

On monthly basis, HAE delivered profits in more months over the last year, than losses. HAE delivered profits in more months than SP500 index. HAE significantly outperformed SP500 index in May 2018, when it returned +15.77% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. HAE had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year. It is interesting to note that both HAE and SP500 index significantly outperform during months when quarterly/annual results are announced.

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HAE is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in HAE's volatility from 27 Sep, 2018 to 19 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.

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

Based on your interest in HAE you may find it interesting to know that AMZN is a large cap that has shown remarkable performance and deserves to be on every investors' watchlist.

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