TIVITY HEALTH, INC. was among the worst performers on Thursday. It returned -1.28% to close at 27.71. It is currently trading -33% below it's 52 week high of 41.5.
TVTY is currently in a down trend. Over the last three months trading short signals has not been a profitable strategy for TVTY's investors in general. However, this strategy had significantly lower risk when compared to Buy-and-Hold investing (which returned -18.5%). It is therefore better to tread with caution in the current downtrend by limiting your allocation to TVTY.
TVTY was profitable on 57% days in the last three months. During this time, it delivered on average -0.2% per day. It delivered it's worst daily return of -31.91%, during this period, on Monday, 10 Dec, 2018. There was initially a bullish trend during this period which started on 12 Oct, 2018 and went on till 17 Oct, 2018. The bullish trend returned +5.31% to investors. This was followed by a bearish trend that started on 9 Nov, 2018 and ended on 13 Nov, 2018. This bearish trend lost -5.48% of investor capital.
On monthly basis, TVTY delivered profits and losses in equal number of months. TVTY delivered profits less regularly than SP500 index. TVTY was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -32.35% compared to -7.28% returned by SP500 index in Oct 2018. TVTY 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 TVTY and SP500 index significantly outperform during months when quarterly/annual results are announced.
"Wealth consists not in having great possessions, but in having few wants.
TVTY 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 TVTY's volatility from 20 Sep, 2018 to 10 Dec, 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 TVTY has significant positive skewness in it's return distribution. This indicates that investors can expect TVTY to recover from drawdowns quickly. Which makes TVTY a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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