Healthcare Services THEME

1470.93 -18.22 (-1.24%) Sell

Optimize theme

Don't even consider investing in HEALTHCARESERVS THEME now, it is a high risk investment

14 min read

Healthcare Services is a falling knife that can bleed you if you catch it today. It returned -1.24% to close at 1470.93. It's recent 5 day performance has been -2.55%, -3.67%, -0.21%, +1.06% and +0.32%.

[Theme constituents]

~HEALTHCARESERVS showed a strong down trend over the last 3 months. During this period ~HEALTHCARESERVS returned -14.13% and saw a maximum drawdown of -16.12%. There was a short signal during this period which returned +10.49%.


~HEALTHCARESERVS has been underperforming the SP500 index in recent time, after having outperformed till 11 Oct, 2018. Over the last 2 years 11 months and 14 days, ~HEALTHCARESERVS outperformed the SP500 index on 53% days.

During the last three months ~HEALTHCARESERVS was mostly loss making and delivered on average -0.23% per day. It's best return during this period (of +5.31%) was on Wednesday, 7 Nov, 2018. While it's worst loss in the same period (of -3.99%) was on Wednesday, 24 Oct, 2018. There was initially a bearish trend during this period which started on 17 Oct, 2018 and went on till 24 Oct, 2018. The trend delivered -8.45% losses to investors. This was followed by a bullish trend that started on 21 Nov, 2018 and ended on 28 Nov, 2018. This bullish trend delivered +6.66% to investors.

On monthly basis, ~HEALTHCARESERVS delivered profits in more months over the last year, than losses. ~HEALTHCARESERVS delivered profits less regularly than SP500 index. ~HEALTHCARESERVS was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -11.89% compared to -7.75% returned by SP500 index in Dec 2018. ~HEALTHCARESERVS and SP500 index, both had periods of 6 consecutive profitable months. It is interesting to note that both ~HEALTHCARESERVS and SP500 index significantly outperform during months when quarterly/annual results are announced.

"Your net worth to the world is usually determined by what remains after your bad habits are subtracted from your good ones.

~HEALTHCARESERVS is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in ~HEALTHCARESERVS's volatility from 26 Sep, 2018 to 7 Dec, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that ~HEALTHCARESERVS has significant positive skewness in it's return distribution. This indicates that investors can expect ~HEALTHCARESERVS to recover from drawdowns quickly. Which makes ~HEALTHCARESERVS a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

~HEALTHCARESERVS has more chance of extreme outcomes than the SP500 index. Therefore, ~HEALTHCARESERVS must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than ~HEALTHCARESERVS.

On a general note (since you are interested in ~HEALTHCARESERVS), two small cap instruments that deserve special mention are ZBRA and BURL. They have significantly outperformed the overall market.

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
Symbol Price {{retType}} | Tr.
{{detail.symbol}} {{detail.close}} {{detail.priceChange}}  {{detail.pctChange}}%  {{}} {{detail.trend}} 
If you liked what you read here ...

... 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
Share with friends   WhatsApp   Facebook   Twitter