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%.
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%.
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.
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