Senior Care THEME

1150.35 -2.03 (-0.18%) Sell

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The party never started for SENIORCARE THEME investors as it destroyed investor wealth

14 min read

Senior Care ranked among the worst performers today. It returned -0.18% to close at 1150.35. During the last week it returned -6.22% and saw a maximum drawdown of -6.22%.

[Theme constituents]

Buy-and-Hold investors in ~SENIORCARE experienced a maximum drawdown of -9.96% over the last three months. It returned -7.84% during this down trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +1.25%.


~SENIORCARE has been underperforming the SP500 index in recent time, after having outperformed till 1 Aug, 2016. Over the last 2 years 11 months and 14 days, ~SENIORCARE underperformed the SP500 index on 46% days. Which indicates that on days ~SENIORCARE underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months ~SENIORCARE was mostly loss making and delivered on average -0.12% per day. It's best return during this period (of +2.84%) was on Tuesday, 16 Oct, 2018. While it's worst loss in the same period (of -3.12%) was on Monday, 17 Dec, 2018. There was initially a bearish trend during this period which started on 9 Nov, 2018 and went on till 15 Nov, 2018. The trend delivered -3.71% losses to investors. This was followed by a bullish trend that started on 27 Nov, 2018 and ended on 3 Dec, 2018. This bullish trend delivered +4.13% to investors.

On monthly basis, ~SENIORCARE delivered profits in more months over the last year, than losses. ~SENIORCARE delivered profits less regularly than SP500 index. ~SENIORCARE was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -9.62% compared to -7.75% returned by SP500 index in Dec 2018. ~SENIORCARE and SP500 index, both had periods of 6 consecutive profitable months.

If all the economists were laid end to end, they'd never reach a conclusion.
-- George Bernard Shaw

~SENIORCARE 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 ~SENIORCARE's volatility from 24 Sep, 2018 to 7 Nov, 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 ~SENIORCARE has significant positive skewness in it's return distribution. This indicates that investors can expect ~SENIORCARE to recover from drawdowns quickly. Which makes ~SENIORCARE a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

On a general note (since you are interested in ~SENIORCARE), if you are evaluating ~SENIORCARE as an investment candidate, then you should read about ~UTILITIES which has delivered similar performance and can help diversify your portfolio.

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