36.7 +0.05 (+0.14%) Buy

Don't profit book on OHI now, it performed well

13 min read

OHI ranked among the best performers today. On a longer term basis, investors in OMEGA HEALTHCARE INVESTORS INC made -0.01% per day. Friday's performance of +0.14% was a outperformance compared to it's daily average.

[Themes containing OHI]

OHI showed a strong bullish trend over the last 3 months. During this period OHI delivered +10.91% and saw a maximum drawdown of -5.08%. There were 3 long signals during this period that returned a cumulative of +5.65% to investors.


OHI has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 11 Jan, 2016 to 1 Feb, 2018. Over the last 2 years 11 months and 10 days, OHI underperformed the SP500 index on 46% days. Which indicates that on days OHI underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months OHI was mostly profitable and delivered on average +0.17% per day. It's best return during this period (of +5.5%) was on Monday, 5 Nov, 2018. While it's worst loss in the same period (of -2.81%) was on Thursday, 11 Oct, 2018. The longest stort-term trend during this period was 5 profitable days, which started on 27 Nov, 2018 and went on till 3 Dec, 2018. This bullish trend returned +5.8% to investors.

During the last year OHI had 6 profitable months and 6 loss making months. OHI returned profits in fewer months than SP500 index. OHI significantly outperformed SP500 index in May 2018, when it returned +17.98% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. OHI had a shorter streak of profitable months than SP500 index. It only went up in 2 straight months during the last year.

Average investors who try to do a lot of trading will only make their brokers rich.
-- Michael Jenson

OHI 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 OHI's volatility from 17 Sep, 2018 to 5 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 OHI has significant positive skewness in it's return distribution. This indicates that investors can expect OHI to recover from drawdowns quickly. Which makes OHI a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

Based on your interest in OHI you may find it interesting to know that MSFT and CSCO are both large caps that have shown remarkable performance and deserve to be on every investors' watchlist.

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