HIGHWOODS PROPERTIES INC underperformed broader market on Friday. It delivered -0.16% to close at 43.35. It is currently trading -17% below it's 52 week high of 52.25.
HIW is currently in a bearish trend. The current bearish signal has generated a profit of +11.13% for investors in the last three months.
HIW has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 1 Aug, 2016 to 3 Oct, 2018. Over the last 2 years 11 months and 3 days, HIW underperformed the SP500 index on 47% days. Which indicates that on days HIW underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
HIW returned losses on 61% days in the last three months. During this time, it delivered on average -0.18% per day. It delivered it's worst daily return of -3.87%, during this period, on Thursday, 11 Oct, 2018. The longest stort-term trend during this period was 4 losing days, which started on 21 Sep, 2018 and ended on 26 Sep, 2018. This bearish trend lost -4.05% of investor capital.
The last 12 months saw HIW's investors making profits in 6 months and incurring losses in 6 months. HIW was less consistent in delivering monthly returs than SP500 index. HIW was also a more risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -10.17% compared to -7.28% returned by SP500 index in Oct 2018. HIW had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year.
Be quick in cutting your loses but not profits
-- Abhishek Shukla
HIW is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in HIW's volatility from 10 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 HIW has significant positive skewness in it's return distribution. This indicates that investors can expect HIW to recover from drawdowns quickly. Which makes HIW a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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