21.57 -0.87 (-4.05%) Buy

SYMC investors doing a reality check

13 min read

SYMANTEC CORP is a falling knife that can bleed you if you catch it today. It lost -4.05% to close at 21.57. During the last week it lost -2.31% and saw a maximum drawdown of -5.19% before bouncing back.

[Themes containing SYMC]

Buy-and-Hold investors in SYMC experienced a maximum drawdown of -18.49% over the last three months. It grew by +8.94% during this up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals.


SYMC has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 10 days, SYMC underperformed the SP500 index on 47% days. Which indicates that on days SYMC underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months SYMC was mostly profitable and delivered on average +0.17% per day. It's best return during this period (of +12.59%) was on Tuesday, 6 Nov, 2018. While it's worst loss in the same period (of -4.62%) was on Wednesday, 24 Oct, 2018. There was initially a bullish trend during this period which started on 17 Sep, 2018 and went on till 24 Sep, 2018. The bullish trend returned +9.29% to investors. This was followed by a bearish trend that started on 16 Nov, 2018 and ended on 21 Nov, 2018. This bearish trend lost -7.92% of investor capital.

SYMC had 3 profitable and 9 loss making months over the last year. During the last year, SYMC underperformed SP500 index on monthly return basis. SYMC was also a more risky investment than SP500 index as it's worst month in the last year, May 2018, returned -25.22% compared to -7.28% returned by SP500 index in Oct 2018. SYMC had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from May 2018 to Aug 2018) during which period it delivered -29.36%.

I hate weekends because there is no stock market.
-- Rene Rivkin

SYMC 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 SYMC's volatility from 21 Sep, 2018 to 6 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 SYMC has significant positive skewness in it's return distribution. This indicates that investors can expect SYMC to recover from drawdowns quickly. Which makes SYMC a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

Investors trading in SYMC derivatives at this moment can consider 'Protective Collar' options strategy to receive better risk-adjusted returns.

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

On a general note (since you are interested in SYMC), AMRH has performed really well and deserves to be closely tracked for investment opportunities.

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