NEOG was among the worst performers today. On a longer term basis, investors in NEOGEN CORP made -0.06% per day. Friday's performance of -1.8% was a underperformance compared to it's daily average.
NEOG showed a strong bearish trend over the last 3 months. During this period NEOG fell by -33.27% and saw a maximum drawdown of -35.35%. There were 2 short signals during this period that returned a cumulative of +23.37% to investors.
NEOG has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 24 Mar, 2016 to 14 Sep, 2018. Over the last 2 years 11 months and 10 days, NEOG outperformed the SP500 index on 53% days.
NEOG returned losses on 61% days in the last three months. During this time, it delivered on average -0.6% per day. It delivered it's worst daily return of -15.78%, during this period, on Tuesday, 25 Sep, 2018. The longest stort-term trend during this period was 8 losing days, which started on 18 Sep, 2018 and ended on 27 Sep, 2018. This bearish trend lost -26.47% of investor capital.
During the last year NEOG had 7 profitable months and 5 loss making months. NEOG returned profits in fewer months than SP500 index. NEOG was also a more risky investment than SP500 index as it's worst month in the last year, Sep 2018, returned -23.45% compared to -7.28% returned by SP500 index in Oct 2018. NEOG and SP500 index, both had periods of 6 consecutive profitable months.
An investment in knowledge pays the best interest.
-- Benjamin Franklin
NEOG is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant fall in NEOG's volatility from 17 Sep, 2018 to 12 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 NEOG 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 NEOG you may find it interesting to know that EHC is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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