255.35 -1.81 (-0.71%) Buy

Search for alternative investments is on for TFX investors as it shows weakness

13 min read

TELEFLEX INC was among the worst performers today. It lost -0.71% to close at 255.35. During the last week it lost -4.07% and saw a maximum drawdown of -4.74% before bouncing back.

[Themes containing TFX]

Buy-and-Hold investors in TFX experienced a maximum drawdown of -13.34% over the last three months. It lost -2.74% during this down trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals.


TFX has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 7 days, TFX outperformed the SP500 index on 54% days.

During the last three months TFX was mostly loss making and delivered on average -0.03% per day. It's best return during this period (of +9.45%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -4.26%) was on Friday, 7 Dec, 2018. There was initially a bearish trend during this period which started on 1 Oct, 2018 and went on till 11 Oct, 2018. The trend delivered -8.38% losses to investors. This was followed by a bullish trend that started on 26 Nov, 2018 and ended on 3 Dec, 2018. This bullish trend delivered +8.81% to investors.

TFX had 7 profitable and 5 loss making months over the last year. During the last year, TFX underperformed SP500 index on monthly return basis. TFX significantly outperformed SP500 index in Nov 2018, when it returned +14.41% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. TFX had a shorter streak of profitable months than SP500 index. It only went up in 2 straight months during the last year. It is interesting to note that both TFX and SP500 index significantly outperform during months when quarterly/annual results are announced.

How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.
-- Robert G. Allen

TFX is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant fall in TFX's volatility from 12 Sep, 2018 to 26 Sep, 2018. While there was a significant surge in the SP500 index's volatility from 14 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that TFX has significant positive skewness in it's return distribution. This indicates that investors can expect TFX to recover from drawdowns quickly. Which makes TFX a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

Based on your interest in TFX you may find it interesting to know that V, AMZN and MSFT are large caps that have all shown remarkable performance and qualify to be on every investor's watchlist.

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