LOGITECH INTERNATIONAL SA

33.21 +0.79 (+2.37%) Sell

LOGI does a dead cat bounce, it's still too early to buy into it

13 min read

LOGITECH INTERNATIONAL SA delivered good returns today. It grew by +2.37% to close at 33.21. It's recent 5 day performance has been -0.83%, -2.94%, +0.81%, -5.54% and +4.67%.

[Themes containing LOGI]

LOGI showed a strong down trend over the last 3 months. During this period LOGI returned -29.76% and saw a maximum drawdown of -31.45%. There was a short signal during this period which returned +27.63%.

Trend

LOGI has been underperforming the SP500 index in recent time, after having outperformed till 29 Aug, 2018. Over the last 2 years 11 months and 7 days, LOGI outperformed the SP500 index on 53% days.

During the last three months LOGI was mostly loss making and delivered on average -0.53% per day. It's best return during this period (of +4.67%) was on Monday, 3 Dec, 2018. While it's worst loss in the same period (of -9.62%) was on Tuesday, 23 Oct, 2018. There was initially a bearish trend during this period which started on 27 Sep, 2018 and went on till 11 Oct, 2018. The trend delivered -16.31% losses to investors. This was followed by a bullish trend that started on 12 Oct, 2018 and ended on 17 Oct, 2018. This bullish trend delivered +5.75% to investors.

On monthly basis, LOGI delivered losses in more months over the last year, than profits. LOGI delivered profits less regularly than SP500 index. LOGI significantly outperformed SP500 index in Jan 2018, when it returned +25.48% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. LOGI had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Sep 2018 to Dec 2018) during which period it delivered -37.16%. It is interesting to note that both LOGI and SP500 index significantly outperform during months when quarterly/annual results are announced.

I'm a great believer in luck, and I find the harder I work the more I have of it.
-- Thomas Jefferson

LOGI is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in LOGI's volatility from 28 Sep, 2018 to 29 Oct, 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 LOGI 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.

SP500 index has more chance of extreme outcomes than LOGI. Therefore, SP500 must receive a lower allocation than LOGI in your portfolio. SP500 index usually has shorter drawdown period than LOGI.

Based on your interest in LOGI you may find it interesting to know that PFE is a large cap that has shown remarkable performance and deserves to be on every investors' watchlist.

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