RADNET, INC.

12.28 -0.37 (-3.0%) Sell

Are you evaluating investing in RDNT? Avoid as it delivered massive losses

13 min read

RADNET, INC. delivered massive losses on Friday. It lost -3.0% to close at 12.28. On a day when the overall market breadth was 35%, it closed higher than 87% of the market. In comparison, the benchmark SP500 index closed today at -0.0191%.

[Themes containing RDNT]

RDNT showed a strong down trend over the last 3 months. During this period RDNT lost -18.41% and saw a maximum drawdown of -24.48%. There was a short signal during this period which returned +17.97%.

Trend

RDNT has been underperforming the SP500 index in recent time, after having outperformed till 16 Oct, 2018. Over the last 2 years 11 months and 10 days, RDNT outperformed the SP500 index on 51% days.

During the last three months RDNT was mostly loss making and delivered on average -0.29% per day. It's best return during this period (of +6.1%) was on Friday, 5 Oct, 2018. While it's worst loss in the same period (of -11.67%) was on Friday, 9 Nov, 2018. There was initially a bearish trend during this period which started on 24 Sep, 2018 and went on till 26 Sep, 2018. The trend delivered -5.56% losses to investors. This was followed by a bullish trend that started on 11 Oct, 2018 and ended on 16 Oct, 2018. This bullish trend delivered +6.47% to investors.

RDNT had 6 profitable and 6 loss making months over the last year. During the last year, RDNT underperformed SP500 index on monthly return basis. RDNT significantly outperformed SP500 index in Mar 2018, when it returned +44.0% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. RDNT had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.

"When you're building a company, you need to continually strengthen every component - finance, strategic partnerships, executive team, and relationships with every last constituency.

RDNT 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 RDNT's volatility from 17 Sep, 2018 to 1 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 RDNT 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 RDNT. Therefore, SP500 must receive a lower allocation than RDNT in your portfolio. SP500 index usually has shorter drawdown period than RDNT.

On a general note (since you are interested in RDNT), PTC is a small cap that deserves to be closely tracked 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
Following
Symbol Price {{retType}} | Tr.
{{detail.symbol}} {{detail.close}} {{detail.priceChange}}  {{detail.pctChange}}%  {{detail.name}} {{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