82.98 +0.35 (+0.42%) Sell

NGVT investors hold onto their investments as it marginally outperforms

13 min read

NGVT outperformed the broader market today. On a longer term basis, investors in INGEVITY CORP made -0.2% per day. Friday's performance of +0.42% was a outperformance compared to it's daily average.

[Themes containing NGVT]

Buy-and-Hold investors in NGVT experienced a maximum drawdown of -26.08% over the last three months. It delivered -17.71% during this strong 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. The net profit from Short signals was +11.8%.


NGVT has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 20 May, 2016 to 21 Sep, 2018. Over the last 2 years and 7 months, NGVT outperformed the SP500 index on 54% days.

During the last three months NGVT was mostly loss making and delivered on average -0.26% per day. It's best return during this period (of +7.87%) was on Thursday, 25 Oct, 2018. While it's worst loss in the same period (of -10.35%) was on Tuesday, 11 Dec, 2018. The longest stort-term trend during this period was 6 losing days, which started on 4 Oct, 2018 and ended on 11 Oct, 2018. This bearish trend lost -16.81% of investor capital.

The last 12 months saw NGVT's investors making profits in 8 months and incurring losses in 4 months. During the last year, NGVT and SP500 index had the same number of profitable months. NGVT significantly outperformed SP500 index in Jul 2018, when it returned +22.94% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. NGVT had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year. It is interesting to note that both NGVT and SP500 index significantly outperform during months when quarterly/annual results are announced.

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NGVT 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 surge in NGVT's volatility from 1 Oct, 2018 to 11 Dec, 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 NGVT 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 NGVT. Therefore, SP500 must receive a lower allocation than NGVT in your portfolio. SP500 index usually has shorter drawdown period than NGVT.

Based on your interest in NGVT you may find it interesting to know that ECYT has shown remarkable performance this year and deserves to be on every investors' watchlist.

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