VEEVA SYSTEMS INC has destroyed investor wealth on Friday. It returned -0.78% to close at 91.39. It is currently trading +68% above it's 52 week low of 54.32 and is down only -16% from it's 52 week high.
VEEV is currently in a up trend. Over the last three months Buy-and-Hold has been a better strategy (returning -12.53%) for VEEV's investors than trading long signals.
VEEV returned losses on 54% days in the last three months. During this time, it delivered on average -0.17% per day. It delivered it's best daily return of +8.91%, during this period, on Wednesday, 28 Nov, 2018. There was initially a bearish trend during this period which started on 4 Oct, 2018 and went on till 11 Oct, 2018. The trend delivered -15.36% losses to investors. This was followed by a bullish trend that started on 29 Oct, 2018 and ended on 1 Nov, 2018. This bullish trend delivered +10.48% to investors.
On monthly basis, VEEV delivered profits in more months over the last year, than losses. VEEV delivered profits less regularly than SP500 index. VEEV significantly outperformed SP500 index in Aug 2018, when it returned +37.99% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. VEEV had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.
How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.
-- Robert G. Allen
VEEV 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 VEEV's volatility from 27 Sep, 2018 to 20 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 VEEV 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.
... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.
All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.
We want to empower investors with all the tools and analysis required by them to make a rational investment decision.If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute