NEUROCRINE BIOSCIENCES INC has destroyed investor wealth today. It delivered -3.21% to close at 84.18. It's recent 5 day performance has been +0.85%, -4.2%, +1.98%, +1.79% and -2.86%.
NBIX showed a strong bearish trend over the last 3 months. During this period NBIX delivered -28.99% and saw a maximum drawdown of -32.31%. There was a short signal during this period which returned +22.86%.
NBIX has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 6 Apr, 2017 to 4 Sep, 2018. Over the last 2 years 11 months and 3 days, NBIX outperformed the SP500 index on 51% days.
NBIX returned losses on 56% days in the last three months. During this time, it delivered on average -0.49% per day. It delivered it's worst daily return of -13.44%, during this period, on Wednesday, 14 Nov, 2018. The longest stort-term trend during this period was 5 losing days, which started on 18 Oct, 2018 and ended on 24 Oct, 2018. This bearish trend lost -11.62% of investor capital.
The last 12 months saw NBIX's investors making profits in 6 months and incurring losses in 6 months. NBIX was less consistent in delivering monthly returs than SP500 index. NBIX significantly outperformed SP500 index in Aug 2018, when it returned +22.35% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. NBIX and SP500 index, both had periods of 6 consecutive profitable months. It is interesting to note that both NBIX and SP500 index significantly outperform during months when quarterly/annual results are announced.
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NBIX 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 NBIX's volatility from 27 Sep, 2018 to 14 Nov, 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 NBIX 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.
Based on your interest in NBIX you may find it interesting to know that TNDM has shown remarkable performance this year and deserves to be on every investors' watchlist.
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