KNOLL INC

17.94 -0.13 (-0.72%) Sell

KNL investors take a massive hit

13 min read

KNOLL INC delivered massive losses on Friday. It lost -0.72% to close at 17.94 which is it's 52 week low, down -25% from it's 52 week high.

[Themes containing KNL]

Buy-and-Hold investors in KNL experienced a maximum drawdown of -25.62% over the last three months. It lost -21.8% during this strong down trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +10.88%.

Trend

KNL has been underperforming the SP500 index in recent time, after having outperformed till 29 Dec, 2016. Over the last 2 years 11 months and 3 days, KNL underperformed the SP500 index on 50% days. Which indicates that on days KNL underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

KNL returned losses on 58% days in the last three months. During this time, it delivered on average -0.37% per day. It delivered it's best daily return of +4.97%, during this period, on Friday, 21 Sep, 2018. There was initially a bullish trend during this period which started on 12 Sep, 2018 and went on till 14 Sep, 2018. The bullish trend returned +1.27% to investors. This was followed by a bearish trend that started on 9 Oct, 2018 and ended on 12 Oct, 2018. This bearish trend lost -7.96% of investor capital.

KNL had 4 profitable and 8 loss making months over the last year. During the last year, KNL underperformed SP500 index on monthly return basis. KNL was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -12.28% compared to -7.28% returned by SP500 index in Oct 2018. KNL had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year.

"The man who begins to speculate in stocks with the intention of making a fortune usually goes broke, whereas the man who trades with a view of getting good interest on his money sometimes gets rich.

KNL is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in KNL's volatility from 17 Sep, 2018 to 30 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 10 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that KNL has significant positive skewness in it's return distribution. This indicates that investors can expect KNL to recover from drawdowns quickly. Which makes KNL 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 KNL. Therefore, SP500 must receive a lower allocation than KNL in your portfolio. SP500 index usually has shorter drawdown period than KNL.

On a general note (since you are interested in KNL), three instruments that deserve special mention are TYHT, AYTU and EPIX. They have all outperformed the market and must be closely watched for investment opportunities.

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