HYDROGENICS CORP (Foreign) ranked among the worst performers today. It returned -6.09% to close at 4.32. During the last week it returned -7.69% and saw a maximum drawdown of -10.19% before bouncing back.
HYGS is currently in a down trend. The current bearish signal has generated a profit of +29.41% for investors in the last three months.
HYGS has been underperforming the SP500 index in recent time, after having outperformed till 15 Apr, 2016. Over the last 2 years 11 months and 10 days, HYGS underperformed the SP500 index on 52% days.
During the last three months HYGS was mostly loss making and delivered on average -0.67% per day. It's best return during this period (of +6.62%) was on Thursday, 20 Sep, 2018. While it's worst loss in the same period (of -14.72%) was on Friday, 2 Nov, 2018. There was initially a bullish trend during this period which started on 3 Oct, 2018 and went on till 8 Oct, 2018. The bullish trend returned +8.64% to investors. This was followed by a bearish trend that started on 16 Nov, 2018 and ended on 23 Nov, 2018. This bearish trend lost -9.64% of investor capital.
On monthly basis, HYGS delivered losses in more months over the last year, than profits. HYGS delivered profits less regularly than SP500 index. HYGS significantly outperformed SP500 index in Sep 2018, when it returned +26.09% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. HYGS had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from May 2018 to Aug 2018) during which period it delivered -32.06%.
Trading mastery is a state of complete acceptance of probability, not a state of fight it.
-- Yvan Byeajee
HYGS is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant fall in HYGS's volatility from 19 Sep, 2018 to 30 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that HYGS has significant negative skewness in it's return distribution. This indicates that HYGS is very risky for short-term investment and can significantly underperform for long durations.
... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.
All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.
We want to empower investors with all the tools and analysis required by them to make a rational investment decision.If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute