UBIQUITI NETWORKS, INC. is a falling knife that can bleed you if you catch it today. It delivered -1.65% to close at 108.64. It's recent 5 day performance has been -2.18%, +4.05%, -0.42%, +2.35% and -3.76%.
UBNT showed a strong bullish trend over the last 3 months. During this period UBNT delivered +11.51% and saw a maximum drawdown of -16.08%. There were 3 long signals during this period that returned a cumulative of +10.22% to investors.
UBNT has been outperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 14 Jan, 2016 to 12 Dec, 2018. Over the last 2 years 11 months and 10 days, UBNT outperformed the SP500 index on 55% days.
During the last three months UBNT delivered losses on 53% days. However, it still managed to end this period in a profit. It's best return during this period (of +17.55%) was on Friday, 9 Nov, 2018. While it's worst loss in the same period (of -5.41%) was on Wednesday, 24 Oct, 2018. The longest stort-term trend during this period was 6 losing days, which started on 4 Oct, 2018 and ended on 11 Oct, 2018. This bearish trend lost -16.6% of investor capital.
The last 12 months saw UBNT's investors making profits in 8 months and incurring losses in 4 months. During the last year, UBNT and SP500 index had the same number of profitable months. UBNT was also a more risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -21.16% compared to -7.28% returned by SP500 index in Oct 2018. UBNT had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year.
A highly developed stock exchange cannot be a club for the cult of ethics.
-- Max Weber
UBNT is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in UBNT's volatility from 28 Sep, 2018 to 9 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 UBNT has significant positive skewness in it's return distribution. This indicates that investors can expect UBNT to recover from drawdowns quickly. Which makes UBNT a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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