NATIONAL INSTRUMENTS CORP is a falling knife that can bleed you if you catch it on Thursday. It fell by -0.15% to close at 46.92. It is currently trading +18% above it's 52 week low of 39.45 and is down only -12% from it's 52 week high.
Buy-and-Hold investors in NATI experienced a maximum drawdown of -13.64% over the last three months. It fell by -4.17% during this bearish trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals.
NATI has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 12 Sep, 2016 to 7 Mar, 2018. Over the last 2 years 11 months and 9 days, NATI outperformed the SP500 index on 54% days.
NATI returned losses on 62% days in the last three months. During this time, it delivered on average -0.03% per day. It delivered it's best daily return of +16.83%, during this period, on Friday, 26 Oct, 2018. The longest stort-term trend during this period was 6 losing days, which started on 1 Oct, 2018 and ended on 8 Oct, 2018. This bearish trend lost -5.83% of investor capital.
During the last year NATI had 9 profitable months and 3 loss making months. NATI returned profits in more months than SP500 index. NATI significantly outperformed SP500 index in Jan 2018, when it returned +18.06% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. NATI and SP500 index, both had periods of 6 consecutive profitable months. It is interesting to note that both NATI and SP500 index significantly outperform during months when quarterly/annual results are announced.
"The real measure of your wealth is how much you'd be worth if you lost all your money
NATI 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 NATI's volatility from 14 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 NATI has significant positive skewness in it's return distribution. This indicates that investors can expect NATI to recover from drawdowns quickly. Which makes NATI a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
On a general note (since you are interested in NATI), LULU is a mid cap that deserves to be closely tracked for investment opportunities.
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