69.83 -0.75 (-1.08%) Sell

OMCL investors dump it

13 min read

OMCL was among the worst performers today. On a longer term basis, investors in OMNICELL, INC made +0.12% per day. Friday's performance of -1.08% was a underperformance compared to it's daily average.

[Themes containing OMCL]

Buy-and-Hold investors in OMCL experienced a maximum drawdown of -15.41% over the last three months. It delivered +2.54% during this 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.


OMCL has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 24 Mar, 2016 to 30 Nov, 2018. Over the last 2 years 11 months and 3 days, OMCL outperformed the SP500 index on 53% days.

During the last three months OMCL delivered losses on 54% days. However, it still managed to end this period in a profit. It's best return during this period (of +4.86%) was on Friday, 26 Oct, 2018. While it's worst loss in the same period (of -5.53%) was on Thursday, 6 Dec, 2018. The longest stort-term trend during this period was 6 losing days, which started on 1 Oct, 2018 and ended on 8 Oct, 2018. This bearish trend lost -8.67% of investor capital.

During the last year OMCL had 8 profitable months and 4 loss making months. Profitable number of months of OMCL and SP500 index were the same. OMCL significantly outperformed SP500 index in Aug 2018, when it returned +15.55% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. OMCL had a longer winning streak of profitable months than SP500 index. It went up in 8 straight months (from Apr 2018 to Nov 2018) during which period it delivered +65.55%.

Finance, like time, devours its own children.
-- Honore de Balzac

OMCL 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 OMCL's volatility from 25 Sep, 2018 to 29 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 10 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that OMCL 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 OMCL. Therefore, SP500 must receive a lower allocation than OMCL in your portfolio. SP500 index usually has shorter drawdown period than OMCL.

Based on your interest in OMCL you may find it interesting to know that ICUI, ROST and JBT have all performed similar to OMCL and qualify as alternative investment candidates that must be evaluated for diversification.

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