44.12 -0.57 (-1.3%) Sell

Stop-loss on the minds of NTNX investors as it was among the worst performers

13 min read

NUTANIX, INC. was among the worst performers on Friday. It lost -1.3% to close at 44.12. It is currently trading -30% below it's 52 week high of 63.71.

[Themes containing NTNX]

NTNX is currently in a down trend. The current bearish signal has generated a profit of +4.98% for investors in the last three months.


NTNX has been outperforming the SP500 index in recent time. Over the last 2 years 2 months and 14 days, NTNX underperformed the SP500 index on 48% days. Which indicates that on days NTNX underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months NTNX was mostly loss making and delivered on average -0.01% per day. It's best return during this period (of +7.44%) was on Friday, 12 Oct, 2018. While it's worst loss in the same period (of -8.72%) was on Monday, 24 Sep, 2018. There was initially a bullish trend during this period which started on 29 Oct, 2018 and went on till 1 Nov, 2018. The bullish trend returned +19.19% to investors. This was followed by a bearish trend that started on 8 Nov, 2018 and ended on 14 Nov, 2018. This bearish trend lost -9.64% of investor capital.

NTNX had 6 profitable and 6 loss making months over the last year. During the last year, NTNX underperformed SP500 index on monthly return basis. NTNX significantly outperformed SP500 index in Mar 2018, when it returned +34.73% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. NTNX had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year.

Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we've got 24 hours each.
-- Christopher Rice

NTNX is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant fall in NTNX's volatility from 17 Sep, 2018 to 1 Oct, 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 NTNX has significant positive skewness in it's return distribution. This indicates that investors can expect NTNX to recover from drawdowns quickly. Which makes NTNX a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

On a general note (since you are interested in NTNX), three mid cap instruments that deserve special mention are AMD, SQ and ABMD. They have all outperformed the market and must be closely watched for investment opportunities.

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
Symbol Price {{retType}} | Tr.
{{detail.symbol}} {{detail.close}} {{detail.priceChange}}  {{detail.pctChange}}%  {{}} {{detail.trend}} 
If you liked what you read here ...

... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.

All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.

We want to empower investors with all the tools and analysis required by them to make a rational investment decision.

If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute
Share with friends   WhatsApp   Facebook   Twitter