INTERNATIONAL FLAVORS & FRAGRANCES INC

137.77 +0.07 (+0.05%) Buy

IFF investors elated by performance

13 min read

IFF ranked better than it's peers today. On a longer term basis, investors in INTERNATIONAL FLAVORS & FRAGRANCES INC made -0.05% per day. Tuesday's performance of +0.05% was a outperformance compared to it's daily average.

[Themes containing IFF]

Buy-and-Hold investors in IFF experienced a maximum drawdown of -7.86% over the last three months. It delivered +0.39% during this flat trending period. There were both Long and Short signals during this period, while the long signals were marginally more profitable than the short signals.

Trend

IFF has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 29 Sep, 2016 to 11 Sep, 2018. Over the last 2 years 11 months and 7 days, IFF underperformed the SP500 index on 46% days. Which indicates that on days IFF underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months IFF was mostly profitable and delivered on average +0.01% per day. It's best return during this period (of +4.48%) was on Tuesday, 16 Oct, 2018. While it's worst loss in the same period (of -2.54%) was on Wednesday, 10 Oct, 2018. The longest stort-term trend during this period was 8 profitable days, which started on 21 Nov, 2018 and went on till 3 Dec, 2018. This bullish trend returned +2.57% to investors.

The last 12 months saw IFF's investors making profits in 5 months and incurring losses in 7 months. IFF was less consistent in delivering monthly returs than SP500 index. IFF was also a more risky investment than SP500 index as it's worst month in the last year, May 2018, returned -13.54% compared to -7.28% returned by SP500 index in Oct 2018. IFF had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Jan 2018 to Mar 2018) during which period it delivered -11.85%. It is interesting to note that both IFF and SP500 index significantly outperform during months when quarterly/annual results are announced.

"Our incomes are like our shoes; if too small, they gall and pinch us; but if too large, they cause us to stumble and to trip.

IFF 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 fall in IFF's volatility from 13 Sep, 2018 to 2 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 13 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that IFF has significant positive skewness in it's return distribution. This indicates that investors can expect IFF to recover from drawdowns quickly. Which makes IFF 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 IFF. Therefore, SP500 must receive a lower allocation than IFF in your portfolio. IFF usually has shorter drawdown period than the SP500 index.

On a general note (since you are interested in IFF), if you are evaluating IFF as an investment candidate, then you should read about NGG which has delivered similar performance and can help diversify your portfolio.

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