29.62 -0.66 (-2.24%) Sell

MYL investors dump it for better alternatives

13 min read

MYLAN N.V. was among the worst performers today. It lost -2.24% to close at 29.62. During the last week it lost -10.13% and saw a maximum drawdown of -10.13%.

[Themes containing MYL]

MYL is currently in a down trend. Over the last three months 2 bearish signals have generated a profit of +4.88% for investors.


MYL has been underperforming the SP500 index in recent time, after having outperformed till 26 Jan, 2016. Over the last 2 years 11 months and 7 days, MYL underperformed the SP500 index on 50% days. Which indicates that on days MYL underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months MYL was mostly loss making and delivered on average -0.37% per day. It's best return during this period (of +16.13%) was on Tuesday, 6 Nov, 2018. While it's worst loss in the same period (of -5.73%) was on Thursday, 11 Oct, 2018. There was initially a bullish trend during this period which started on 18 Sep, 2018 and went on till 21 Sep, 2018. The bullish trend returned +4.7% to investors. This was followed by a bearish trend that started on 24 Sep, 2018 and ended on 1 Oct, 2018. This bearish trend lost -6.61% of investor capital.

MYL had 4 profitable and 8 loss making months over the last year. During the last year, MYL underperformed SP500 index on monthly return basis. MYL was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -14.34% compared to -7.28% returned by SP500 index in Oct 2018. MYL had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Apr 2018 to Jun 2018) during which period it delivered -8.77%. It is interesting to note that both MYL and SP500 index significantly outperform during months when quarterly/annual results are announced.

"The monarchy is foremost a business, and it's important to them that the British public continue to finance the excessive luxurious lifestyles of the now quite enormous, wasteful and useless 'royal' family. I find it very sad.

MYL 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 MYL's volatility from 14 Sep, 2018 to 6 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 13 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that MYL 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.

Investors trading in MYL derivatives at this moment can consider 'Bull Call Spread' options strategy to receive better risk-adjusted returns.

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

Based on your interest in MYL you may find it interesting to know that IX and VIPS are highly volatile and therefore risky. Investors should consider limiting their exposure to these instruments (because of their volatile nature).

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