HEICO CORP

81.54 -0.23 (-0.28%) Sell

Want to invest in HEI? Avoid as it was among the worst performers

13 min read

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%.

[Themes containing HEI]

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%.

Trend

HEI has been underperforming the SP500 index in recent time, after having outperformed till 14 Sep, 2018. Over the last 2 years 11 months and 7 days, HEI outperformed the SP500 index on 55% days.

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.

SP500 index has more chance of extreme outcomes than HEI. Therefore, SP500 must receive a lower allocation than HEI in your portfolio. SP500 index usually has shorter drawdown period than HEI.

Based on your interest in HEI you may find it interesting to know that DLPH and AMRH have both shown remarkable performance and deserve to be on every investors' watchlist.

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