HOOKER FURNITURE CORP

27.87 0.0 (0.0%) Sell

Search for alternative investments is on for HOFT investors as it underperforms broader market

13 min read

HOOKER FURNITURE CORP delivered lacklustre performance today. It fell by 0.0% to close at 27.87. During the last week it fell by -7.5% and saw a maximum drawdown of -10.55% before bouncing back.

[Themes containing HOFT]

Buy-and-Hold investors in HOFT experienced a maximum drawdown of -32.2% over the last three months. It fell by -30.5% during this strong bearish trending period. There were no long signals during this period, where the short signal generated good profits of +30.5% for investors.

Trend

HOFT has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 6 Dec, 2017 to 4 Dec, 2018. Over the last 2 years 11 months and 3 days, HOFT underperformed the SP500 index on 50% days. Which indicates that on days HOFT underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months HOFT was mostly loss making and delivered on average -0.53% per day. It's best return during this period (of +7.12%) was on Wednesday, 3 Oct, 2018. While it's worst loss in the same period (of -10.55%) was on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 5 losing days, which started on 26 Sep, 2018 and ended on 2 Oct, 2018. This bearish trend lost -8.48% of investor capital.

During the last year HOFT had 4 profitable months and 8 loss making months. HOFT returned profits in fewer months than SP500 index. HOFT significantly outperformed SP500 index in Jun 2018, when it returned +25.74% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. HOFT had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Jul 2018 to Oct 2018) during which period it delivered -44.84%.

"Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.

HOFT 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 HOFT's volatility from 12 Sep, 2018 to 6 Dec, 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 HOFT 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 HOFT. Therefore, SP500 must receive a lower allocation than HOFT in your portfolio. SP500 index usually has shorter drawdown period than HOFT.

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

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