Where Do Hedge Funds Stand On Apyx Medical Corporation (APYX)?
Added 12-02-20 10:04:04pm EST - “In this article we are going to use hedge fund sentiment as a tool and determine whether Apyx Medical Corporation (NASDAQ:APYX) is a good investment right now. We like to analyze hedge fund sentiment before conducting days of in-depth…” - News.yahoo.com
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In this article we are going to use hedge fund sentiment as a tool and determine whether Apyx Medical Corporation (NASDAQ:APYX) is a good investment right now. We like to analyze hedge fund sentiment before conducting days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy League graduates, expert network advisers, and supply chain tipsters working or consulting for them. There is not a shortage of news stories covering failed hedge fund investments and it is a fact that hedge funds' picks don't beat the market 100% of the time, but their consensus picks have historically done very well and have outperformed the market after adjusting for risk.
Apyx Medical Corporation (NASDAQ:APYX) shareholders have witnessed a decrease in hedge fund interest recently. Apyx Medical Corporation (NASDAQ:APYX) was in 6 hedge funds' portfolios at the end of the third quarter of 2020. The all time high for this statistics is 13. Our calculations also showed that APYX isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video for a quick look at the top 5 stocks). Video: Watch our video about the top 5 most popular hedge fund stocks.
Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices. Our research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 66 percentage points since March 2017 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that'll significantly underperform the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 17th. That's why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to.
At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 15 best blue chip stocks to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website. Now we're going to take a gander at the latest hedge fund action regarding Apyx Medical Corporation (NASDAQ:APYX).
At the end of September, a total of 6 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -25% from one quarter earlier. On the other hand, there were a total of 8 hedge funds with a bullish position in APYX a year ago. So, let's examine which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
Watch the video:
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