INTERFACE INC

15.12 +0.16 (+1.07%) Sell

TILE shows sign of weakness as investors do cost averaging

13 min read

INTERFACE INC performed better than the broader market today. It returned +1.07% to close at 15.12. During the last week it returned -1.37% and saw a maximum drawdown of -2.54% before bouncing back.

[Themes containing TILE]

Buy-and-Hold investors in TILE experienced a maximum drawdown of -36.43% over the last three months. It returned -35.52% during this strong 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. The net profit from Short signals was +31.52%.

Trend

TILE has been underperforming the SP500 index in recent time, after having outperformed till 24 Nov, 2017. Over the last 2 years 11 months and 8 days, TILE underperformed the SP500 index on 48% days. Which indicates that on days TILE underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months TILE was mostly loss making and delivered on average -0.67% per day. It's best return during this period (of +2.95%) was on Tuesday, 16 Oct, 2018. While it's worst loss in the same period (of -8.89%) was on Friday, 26 Oct, 2018. There was initially a bullish trend during this period which started on 25 Sep, 2018 and went on till 28 Sep, 2018. The bullish trend returned +1.31% to investors. This was followed by a bearish trend that started on 4 Oct, 2018 and ended on 12 Oct, 2018. This bearish trend lost -13.41% of investor capital.

On monthly basis, TILE delivered losses in more months over the last year, than profits. TILE delivered profits less regularly than SP500 index. TILE was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -27.21% compared to -7.28% returned by SP500 index in Oct 2018. TILE had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Sep 2018 to Dec 2018) during which period it delivered -35.28%.

The stock market is filled with individuals who know the price of everything, but the value of nothing.
-- Philip Arthur Fisher

TILE 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 TILE's volatility from 27 Sep, 2018 to 29 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 13 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that TILE has significant positive skewness in it's return distribution. This indicates that investors can expect TILE to recover from drawdowns quickly. Which makes TILE 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 TILE. Therefore, SP500 must receive a lower allocation than TILE in your portfolio. TILE usually has shorter drawdown period than the SP500 index.

On a general note (since you are interested in TILE), if you are an investor in EPIX, you need to be extra careful (consider limiting your exposure or diversifying) as it is extremely unpredictable and therefore risky.

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