HEICO CORP was among the worst performers today. It returned -0.28% to close at 81.54. It's recent 5 day performance has been +0.81%, -1.22%, -0.86%, -3.33% and +1.36%.
HEI showed a strong down trend over the last 3 months. During this period HEI returned -12.31% and saw a maximum drawdown of -13.89%. There was a short signal during this period which returned +6.69%.
HEI returned losses on 53% days in the last three months. During this time, it delivered on average -0.19% per day. It delivered it's worst daily return of -5.52%, during this period, on Wednesday, 14 Nov, 2018. There was initially a bullish trend during this period which started on 25 Sep, 2018 and went on till 28 Sep, 2018. The bullish trend returned +3.15% to investors. This was followed by a bearish trend that started on 17 Oct, 2018 and ended on 24 Oct, 2018. This bearish trend lost -6.6% of investor capital.
On monthly basis, HEI delivered profits in more months over the last year, than losses. HEI delivered profits in more months than SP500 index. HEI significantly outperformed SP500 index in Aug 2018, when it returned +18.74% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. HEI 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 HEI and SP500 index significantly outperform during months when quarterly/annual results are announced.
The speed of your success is limited only by your dedication and what you're willing to sacrifice.
-- Nathan W. Morris
HEI 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 HEI's volatility from 14 Sep, 2018 to 15 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 14 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that HEI 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.
... 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