HESKA CORP

96.67 -1.11 (-1.15%) Sell

Prayers for HSKA investors as it was among the worst performers

13 min read

HESKA CORP was among the worst performers today. It delivered -1.15% to close at 96.67. During the last week it delivered -1.66% and saw a maximum drawdown of -3.6% before bouncing back.

[Themes containing HSKA]

Buy-and-Hold investors in HSKA experienced a maximum drawdown of -17.4% over the last three months. It delivered -11.38% during this strong bearish trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +0.13%.

Trend

HSKA has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 19 Apr, 2016 to 1 May, 2017. Over the last 2 years 11 months and 10 days, HSKA outperformed the SP500 index on 51% days.

HSKA 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 best daily return of +5.17%, during this period, on Tuesday, 16 Oct, 2018. The longest stort-term trend during this period was 6 losing days, which started on 1 Oct, 2018 and ended on 8 Oct, 2018. This bearish trend lost -15.53% of investor capital.

The last 12 months saw HSKA's investors making profits in 6 months and incurring losses in 6 months. HSKA was less consistent in delivering monthly returs than SP500 index. HSKA significantly outperformed SP500 index in May 2018, when it returned +31.02% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. HSKA had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.

"There can be no rise in the value of labour without a fall of profits.

HSKA is currently seeing overall fall in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in HSKA's volatility from 20 Sep, 2018 to 5 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that HSKA has significant negative skewness in it's return distribution. This indicates that HSKA is very risky for short-term investment and can significantly underperform for long durations.

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

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

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