TECHTARGET INC

12.75 -0.25 (-2.0%) Sell

TTGT investors dump it for better alternatives

13 min read

TECHTARGET INC was among the worst performers on Thursday. It lost -2.0% to close at 12.75. On a day when the overall market breadth was 35%, it closed higher than 7% of the market. In comparison, the benchmark SP500 index closed today at -0.0002%.

[Themes containing TTGT]

TTGT is currently in a down trend. Over the last three months 2 bearish signals have generated a profit of +15.64% for investors.

Trend

TTGT has been underperforming the SP500 index in recent time, after having outperformed till 23 Jul, 2018. Over the last 2 years 11 months and 9 days, TTGT outperformed the SP500 index on 53% days.

TTGT returned losses on 59% days in the last three months. During this time, it delivered on average -0.64% per day. It delivered it's worst daily return of -19.19%, during this period, on Thursday, 8 Nov, 2018. There was initially a bullish trend during this period which started on 29 Oct, 2018 and went on till 2 Nov, 2018. The bullish trend returned +10.0% to investors. This was followed by a bearish trend that started on 12 Nov, 2018 and ended on 21 Nov, 2018. This bearish trend lost -13.54% of investor capital.

TTGT had 7 profitable and 5 loss making months over the last year. During the last year, TTGT underperformed SP500 index on monthly return basis. TTGT was also a more risky investment than SP500 index as it's worst month in the last year, Nov 2018, returned -29.18% compared to -7.28% returned by SP500 index in Oct 2018. TTGT and SP500 index, both had periods of 6 consecutive profitable months. It is interesting to note that both TTGT and SP500 index significantly outperform during months when quarterly/annual results are announced.

"Cash combined with courage in a time of crisis is priceless.

TTGT 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 surge in TTGT's volatility from 1 Oct, 2018 to 8 Nov, 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 TTGT 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 TTGT. Therefore, SP500 must receive a lower allocation than TTGT in your portfolio. SP500 index usually has shorter drawdown period than TTGT.

Based on your interest in TTGT you may find it interesting to know that ICPT and IMTE are highly volatile and therefore risky. Investors should consider limiting their exposure to these instruments (because of their volatile nature).

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