INCYTE CORP significantly underperformed on Friday. It fell by -1.55% to close at 66.25. On a day when the overall market breadth was 35%, it closed higher than 8% of the market. In comparison, the benchmark SP500 index closed today at -0.0191%.
Buy-and-Hold investors in INCY experienced a maximum drawdown of -12.9% over the last three months. It fell by -1.15% during this bearish trending period. There were no long signals during this period, where the short signal generated profits of +1.15% for investors.
INCY has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 15 Mar, 2017 to 6 Aug, 2018. Over the last 2 years 11 months and 10 days, INCY underperformed the SP500 index on 48% days. Which indicates that on days INCY underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
INCY returned losses on 56% days in the last three months. During this time, it delivered on average +0.02% per day. It delivered it's worst daily return of -6.33%, during this period, on Wednesday, 24 Oct, 2018. The longest stort-term trends during this period were 4 profitable and losing days. The bullish trend (which returned +5.69%) started on 13 Nov, 2018 and went on till 16 Nov, 2018 while the bearish trend (which returned -4.72%) started on 27 Nov, 2018 and went on till 30 Nov, 2018.
During the last year INCY had 3 profitable months and 9 loss making months. INCY returned profits in fewer months than SP500 index. INCY was also a more risky investment than SP500 index as it's worst month in the last year, Apr 2018, returned -23.11% compared to -7.28% returned by SP500 index in Oct 2018. INCY had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Jan 2018 to Apr 2018) during which period it delivered -41.45%.
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INCY 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 INCY's volatility from 25 Sep, 2018 to 1 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 INCY has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
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