0.65 -0.06 (-8.84%) Sell

Prayers for NVCN investors as it was among the worst performers

13 min read

NEOVASC INC (Foreign) delivered massive losses on Friday. It delivered -8.84% to close at 0.65. It is currently trading -79% below it's 52 week high of 3.14.

Buy-and-Hold investors in NVCN experienced a maximum drawdown of -79.3% over the last three months. It surged by +2726.09% during this strong bullish trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals.


NVCN has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 12 Jan, 2016 to 20 Sep, 2018. Over the last 2 years 11 months and 10 days, NVCN underperformed the SP500 index on 58% days.

NVCN returned losses on 69% days in the last three months. During this time, it delivered on average +166.65% per day. It delivered it's best daily return of +10614.29%, during this period, on Friday, 21 Sep, 2018. The longest stort-term trend during this period was 9 losing days, which started on 8 Nov, 2018 and ended on 20 Nov, 2018. This bearish trend lost -54.39% of investor capital.

The last 12 months saw NVCN's investors making profits in 3 months and incurring losses in 9 months. NVCN was less consistent in delivering monthly returs than SP500 index. NVCN significantly outperformed SP500 index in Sep 2018, when it returned +7251.35% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. NVCN had a longer winning streak of losing months than SP500 index. It went down in 5 straight months (from Jan 2018 to May 2018) during which period it delivered -187.29%.

He who loses money, loses much; He who loses a friend, loses much more; He who loses faith, loses all.
-- Eleanor Roosevelt

NVCN is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. 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 NVCN 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 NVCN. Therefore, SP500 must receive a lower allocation than NVCN in your portfolio. SP500 index usually has shorter drawdown period than NVCN.

Based on your interest in NVCN you may find it interesting to know that IMTE and IX are highly volatile and therefore risky. Investors should consider limiting their exposure to these instruments (because of their volatile nature).

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