IMMERSION CORP

8.53 -0.01 (-0.12%) Sell

IMMR is a falling knife, continues to bleed every investor trying to catch it

13 min read

IMMERSION CORP ranked among the worst performers on Wednesday. It fell by -0.12% to close at 8.53. On a day when the overall market breadth was 35%, it closed higher than 78% of the market. In comparison, the benchmark SP500 index closed today at +0.54%.

[Themes containing IMMR]

IMMR showed a strong bearish trend over the last 3 months. During this period IMMR fell by -21.81% and saw a maximum drawdown of -23.01%. There was a short signal during this period which returned +21.81%.

Trend

IMMR has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 29 Nov, 2017 to 13 Jun, 2018. Over the last 2 years 11 months and 8 days, IMMR underperformed the SP500 index on 52% days.

During the last three months IMMR was mostly loss making and delivered on average -0.35% per day. It's best return during this period (of +7.54%) was on Thursday, 15 Nov, 2018. While it's worst loss in the same period (of -7.41%) was on Monday, 5 Nov, 2018. The longest stort-term trend during this period was 6 losing days, which started on 29 Nov, 2018 and ended on 7 Dec, 2018. This bearish trend lost -14.56% of investor capital.

During the last year IMMR had 5 profitable months and 7 loss making months. IMMR returned profits in fewer months than SP500 index. IMMR significantly outperformed SP500 index in Jan 2018, when it returned +46.4% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. IMMR had a longer winning streak of losing months than SP500 index. It went down in 6 straight months (from Jul 2018 to Dec 2018) during which period it delivered -52.56%.

"Inflation is taxation without legislation.

IMMR 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 IMMR's volatility from 18 Sep, 2018 to 5 Nov, 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 IMMR has significant negative skewness in it's return distribution. This indicates that IMMR is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in IMMR you may find it interesting to know that AMRH, AYTU and NSPR have all shown remarkable performance and qualify to be on every investor's watchlist.

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