WAFD was among the worst performers today. On a longer term basis, investors in WASHINGTON FEDERAL INC made -0.02% per day. Tuesday's performance of -0.3% was a underperformance compared to it's daily average.
WAFD showed a strong bearish trend over the last 3 months. During this period WAFD delivered -18.61% and saw a maximum drawdown of -20.09%. There were 2 short signals during this period that returned a cumulative of +16.45% to investors.
WAFD has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 15 Dec, 2016 to 9 Nov, 2018. Over the last 2 years 11 months and 7 days, WAFD underperformed the SP500 index on 47% days. Which indicates that on days WAFD underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
During the last three months WAFD was mostly loss making and delivered on average -0.31% per day. It's best return during this period (of +3.25%) was on Thursday, 25 Oct, 2018. While it's worst loss in the same period (of -4.52%) was on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 5 losing days, which started on 21 Sep, 2018 and ended on 27 Sep, 2018. This bearish trend lost -4.86% of investor capital.
The last 12 months saw WAFD's investors making profits in 6 months and incurring losses in 6 months. WAFD was less consistent in delivering monthly returs than SP500 index. WAFD was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -10.38% compared to -7.28% returned by SP500 index in Oct 2018. WAFD had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year.
A stock broker is one who invests other people's money until its all gone.
-- Woody Allen
WAFD 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 WAFD's volatility from 13 Sep, 2018 to 25 Oct, 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 WAFD has significant positive skewness in it's return distribution. This indicates that investors can expect WAFD to recover from drawdowns quickly. Which makes WAFD a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
On a general note (since you are interested in WAFD), three small cap instruments that deserve special mention are EHC, BURL and HQY. They have all outperformed the market and must be closely watched for investment opportunities.
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