IPAR outperformed the broader market today. On a longer term basis, investors in INTER PARFUMS INC made -0.06% per day. Tuesday's performance of +1.74% was a outperformance compared to it's daily average.
IPAR showed a bearish trend over the last 3 months. During this period IPAR delivered -3.38% and saw a maximum drawdown of -13.7%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in IPAR till volatility reduces and a clear trend emerges.
IPAR has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 6 Jan, 2016 to 24 Aug, 2018. Over the last 2 years 11 months and 7 days, IPAR outperformed the SP500 index on 54% days.
During the last three months IPAR delivered profits on 52% days. However, it still managed to end this period in a loss. It's best return during this period (of +4.32%) was on Thursday, 25 Oct, 2018. While it's worst loss in the same period (of -5.85%) was on Tuesday, 13 Nov, 2018. The longest stort-term trend during this period was 5 profitable days, which started on 27 Nov, 2018 and went on till 3 Dec, 2018. This bullish trend returned +6.67% to investors.
The last 12 months saw IPAR's investors making profits in 8 months and incurring losses in 4 months. During the last year, IPAR and SP500 index had the same number of profitable months. IPAR significantly outperformed SP500 index in Jul 2018, when it returned +11.69% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. IPAR and SP500 index, both had periods of 6 consecutive profitable months. It is interesting to note that both IPAR and SP500 index significantly outperform during months when quarterly/annual results are announced.
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IPAR 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 IPAR's volatility from 12 Sep, 2018 to 13 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 14 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that IPAR 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.
On a general note (since you are interested in IPAR), ABMD is a mid cap that deserves to be closely tracked for investment opportunities.
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