IMPERVA INC

55.5 +0.03 (+0.05%) Buy

IMPV continues to mint money for it's investors

13 min read

IMPERVA INC ranked among the best performers today. It delivered +0.05% to close at 55.5. During the last week it delivered -0.07% and saw a maximum drawdown of -0.13% before bouncing back.

[Themes containing IMPV]

Buy-and-Hold investors in IMPV experienced a maximum drawdown of -8.02% over the last three months. It delivered +19.1% during this strong bullish trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals.

Trend

IMPV has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 6 Jan, 2016 to 8 Oct, 2018. Over the last 2 years 11 months and 10 days, IMPV underperformed the SP500 index on 47% days. Which indicates that on days IMPV underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months IMPV delivered losses on 54% days. However, it still managed to end this period in a profit. It's best return during this period (of +27.98%) was on Wednesday, 10 Oct, 2018. While it's worst loss in the same period (of -2.63%) was on Monday, 1 Oct, 2018. The longest stort-term trend during this period was 5 profitable days, which started on 30 Oct, 2018 and went on till 5 Nov, 2018. This bullish trend returned +0.76% to investors.

The last 12 months saw IMPV's investors making profits in 7 months and incurring losses in 5 months. IMPV was less consistent in delivering monthly returs than SP500 index. IMPV significantly outperformed SP500 index in Oct 2018, when it returned +22.37% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. IMPV had a shorter streak of profitable months than SP500 index. It only went up in 2 straight months during the last year. It is interesting to note that both IMPV and SP500 index significantly outperform during months when quarterly/annual results are announced.

It is time for us to stand and cheer for the doer, the achiever, the one who recognizes the challenge and does something about it.
-- Vince Lombardi

IMPV 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 fall in IMPV's volatility from 24 Sep, 2018 to 14 Dec, 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 IMPV has significant positive skewness in it's return distribution. This indicates that investors can expect IMPV to recover from drawdowns quickly. Which makes IMPV 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 IMPV. Therefore, SP500 must receive a lower allocation than IMPV in your portfolio. IMPV usually has shorter drawdown period than the SP500 index.

On a general note (since you are interested in IMPV), HEAR has performed really well this year and deserves to be closely tracked for investment opportunities.

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