ALB Dropped 11% In A Day. Just a Blip, or the Start?
How did Albemarle (ALB) do vs the market during past crises?
Turns out, the stock has fared worse than the S&P 500 index during various economic downturns.
2022 Inflation Shock
- ALB stock fell 65.2% from a high of $325.38 on 11 November 2022 to $113.26 on 5 December 2023 vs. a peak-to-trough decline of 25.4% for the S&P 500.
- The stock is yet to recover to its pre-Crisis high
- The highest the stock has reached since then is $152.39 on 26 December 2023 , and currently trades at $74.77
| ALB | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -65.2% | -25.4% |
| # of Days for Full Recovery | Not Fully Recovered | 464 |
2020 Covid Pandemic
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- ALB stock fell 46.0% from a high of $94.31 on 20 February 2020 to $50.90 on 23 March 2020 vs. a peak-to-trough decline of 33.9% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 1 September 2020
| ALB | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -46.0% | -33.9% |
| # of Days for Full Recovery | 162 | 148 |
2018 Correction
- ALB stock fell 59.0% from a high of $144.58 on 8 November 2017 to $59.30 on 27 August 2019 vs. a peak-to-trough decline of 19.8% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 22 December 2020
| ALB | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -59.0% | -19.8% |
| # of Days for Full Recovery | 483 | 120 |
2008 Global Financial Crisis
- ALB stock fell 66.9% from a high of $47.76 on 31 October 2007 to $15.81 on 5 March 2009 vs. a peak-to-trough decline of 56.8% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 5 October 2010
| ALB | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -66.9% | -56.8% |
| # of Days for Full Recovery | 579 | 1480 |
Worried that ALB could fall much more? You could take a look at the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming the S&P 500 over the last 4-year period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.