183.79 -6.26 (-3.41%) Sell

The party never started for IDXX investors as it was among the worst performers

13 min read

IDXX has destroyed investor wealth today. On a longer term basis, investors in IDEXX LABORATORIES INC made -0.09% per day. Monday's performance of -3.41% was a significant underperformance compared to it's daily average.

[Themes containing IDXX]

Buy-and-Hold investors in IDXX experienced a maximum drawdown of -26.38% over the last three months. It returned -25.05% during this strong down 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 +20.48%.


IDXX has been underperforming the SP500 index in recent time, after having outperformed till 29 Aug, 2018. Over the last 2 years 11 months and 10 days, IDXX outperformed the SP500 index on 57% days.

IDXX returned losses on 58% days in the last three months. During this time, it delivered on average -0.43% per day. It delivered it's worst daily return of -5.12%, during this period, on Wednesday, 24 Oct, 2018. There was initially a bearish trend during this period which started on 1 Oct, 2018 and went on till 11 Oct, 2018. The trend delivered -15.19% losses to investors. This was followed by a bullish trend that started on 29 Oct, 2018 and ended on 31 Oct, 2018. This bullish trend delivered +4.22% to investors.

On monthly basis, IDXX delivered profits in more months over the last year, than losses. IDXX delivered profits less regularly than SP500 index. IDXX significantly outperformed SP500 index in Jan 2018, when it returned +18.52% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. IDXX had a longer winning streak of profitable months than SP500 index. It went up in 8 straight months (from Jan 2018 to Aug 2018) during which period it delivered +51.19%. It is interesting to note that both IDXX and SP500 index significantly outperform during months when quarterly/annual results are announced.

Persist - don't take no for an answer. If you're happy to sit at your desk and not take any risk, you'll be sitting at your desk for the next 20 years.
-- David Rubenstein

IDXX is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in IDXX's volatility from 28 Sep, 2018 to 2 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 IDXX has significant positive skewness in it's return distribution. This indicates that investors can expect IDXX to recover from drawdowns quickly. Which makes IDXX a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

Based on your interest in IDXX you may find it interesting to know that AAXN, ZBRA and BURL are small caps that have all shown remarkable performance and qualify to be on every investor's watchlist.

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