SMITH & NEPHEW PLC (Foreign) was among the worst performers on Friday. It lost -1.88% to close at 37.65. It is currently trading +16% above it's 52 week low of 32.4 and is down only -4% from it's 52 week high.
Buy-and-Hold investors in SNN experienced a maximum drawdown of -13.65% over the last three months. It returned +0.56% during this flat trending period. There were both Long and Short signals during this period, while the long signals were marginally more profitable than the short signals. The net profit from Long signals was +0.04%.
SNN has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 10 days, SNN underperformed the SP500 index on 48% days. Which indicates that on days SNN underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
During the last three months SNN delivered losses on 51% days. However, it still managed to end this period in a profit. It's best return during this period (of +8.03%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -2.32%) was on Thursday, 4 Oct, 2018. There was initially a bearish trend during this period which started on 4 Oct, 2018 and went on till 15 Oct, 2018. The trend delivered -8.12% losses to investors. This was followed by a bullish trend that started on 30 Oct, 2018 and ended on 7 Nov, 2018. This bullish trend delivered +15.13% to investors.
SNN had 8 profitable and 4 loss making months over the last year. During the last year, number of profitable months of SNN and SP500 index were the same. SNN significantly outperformed SP500 index in Nov 2018, when it returned +13.32% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. SNN had a shorter streak of profitable months than SP500 index. It only went up in 2 straight months during the last year.
"I finally know what distinguishes man from the other beasts: financial worries.
SNN 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 surge in SNN's volatility from 17 Sep, 2018 to 29 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 SNN 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.
On a general note (since you are interested in SNN), ABMD is a mid cap that deserves to be closely tracked for investment opportunities.
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