VRNS was among the worst performers today. On a longer term basis, investors in VARONIS SYSTEMS INC made +0.02% per day. Friday's performance of -1.91% was a underperformance compared to it's daily average.
VRNS showed a strong bearish trend over the last 3 months. During this period VRNS fell by -24.05% and saw a maximum drawdown of -29.03%. There was a short signal during this period which returned +16.88%.
VRNS has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 9 Feb, 2016 to 18 Jun, 2018. Over the last 2 years 11 months and 10 days, VRNS outperformed the SP500 index on 54% days.
VRNS returned losses on 53% days in the last three months. During this time, it delivered on average -0.39% per day. It delivered it's worst daily return of -10.33%, during this period, on Monday, 19 Nov, 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 -15.73% of investor capital.
During the last year VRNS had 6 profitable months and 6 loss making months. VRNS returned profits in fewer months than SP500 index. VRNS significantly outperformed SP500 index in Aug 2018, when it returned +23.63% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. VRNS had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year.
Every time you borrow money, you're robbing your future self.
-- Nathan W. Morris
VRNS is currently seeing overall fall in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant fall in VRNS's volatility from 17 Sep, 2018 to 28 Sep, 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 VRNS has significant positive skewness in it's return distribution. This indicates that investors can expect VRNS to recover from drawdowns quickly. Which makes VRNS a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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