LHC GROUP, INC was among the worst performers on Friday. It returned -2.37% to close at 99.24. On a day when the overall market breadth was 35%, it closed higher than 5% of the market. In comparison, the benchmark SP500 index closed today at -0.0191%.
Buy-and-Hold investors in LHCG experienced a maximum drawdown of -17.41% over the last three months. It gained +3.84% during this up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals.
LHCG was profitable on 58% days in the last three months. During this time, it delivered on average +0.08% per day. It delivered it's worst daily return of -6.15%, during this period, on Friday, 26 Oct, 2018. There was initially a bearish trend during this period which started on 10 Oct, 2018 and went on till 15 Oct, 2018. The trend delivered -9.94% losses to investors. This was followed by a bullish trend that started on 30 Oct, 2018 and ended on 7 Nov, 2018. This bullish trend delivered +16.18% to investors.
On monthly basis, LHCG delivered profits in more months over the last year, than losses. LHCG delivered profits less regularly than SP500 index. LHCG significantly outperformed SP500 index in Apr 2018, when it returned +18.16% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. LHCG had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.
It's good to have money and the things that money can buy, but It's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy.
-- George Lorimer
LHCG 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 LHCG's volatility from 18 Sep, 2018 to 2 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 LHCG 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.
... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.
All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.
We want to empower investors with all the tools and analysis required by them to make a rational investment decision.If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute