HIW continues its fall as more investors loose confidence
07 Dec, 201813 min read
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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.
HIW has more chance of extreme outcomes than the SP500 index. Therefore, HIW must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than HIW.
Based on your interest in HIW you may find it interesting to know that EHC, ZBRA and AAXN are small caps that have all shown remarkable performance and qualify to be on every investor's watchlist.
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