WELLTOWER INC. was among the worst performers on Friday. It returned -1.32% to close at 73.73. On a day when the overall market breadth was 35%, it closed higher than 66% of the market. In comparison, the benchmark SP500 index closed today at -0.0233%.
Buy-and-Hold investors in WELL experienced a maximum drawdown of -8.27% over the last three months. It gained +10.28% during this strong up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals. The net profit from Long signals was +12.31%.
WELL has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 3 days, WELL underperformed the SP500 index on 48% days. Which indicates that on days WELL underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
WELL was profitable on 55% 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 +5.32%, during this period, on Tuesday, 30 Oct, 2018. There was initially a bearish trend during this period which started on 1 Oct, 2018 and went on till 3 Oct, 2018. The trend delivered -3.81% losses to investors. This was followed by a bullish trend that started on 23 Nov, 2018 and ended on 3 Dec, 2018. This bullish trend delivered +4.43% to investors.
On monthly basis, WELL delivered profits in more months over the last year, than losses. WELL delivered profits less regularly than SP500 index. WELL was also a more risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -12.46% compared to -7.28% returned by SP500 index in Oct 2018. WELL had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year.
But having said that, what's happening with campaign finance reform and our political culture is devastating.
-- Robert McChesney
WELL 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 WELL's volatility from 12 Sep, 2018 to 5 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 10 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that WELL has significant positive skewness in it's return distribution. This indicates that investors can expect WELL to recover from drawdowns quickly. Which makes WELL 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 WELL), three instruments that deserve special mention are DLPH, AYTU and EPIX. They have all outperformed the market and must be closely watched for investment opportunities.
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