ELF Dropped 15% In A Week. Bigger Declines Have Followed Similar Moves.
- ELF has experienced significant declines in the past, dropping 75% during the 2018 Correction and nearly 59% during the COVID pandemic, frequently outpacing the declines of the S&P 500.
- Recovery takes time. ELF took 26 months to bounce back from the 2018 correction, 4 months after the COVID pandemic, and less than 2 months following the inflation shock.
- The recent Inflation Shock saw ELF fall 37 percent, and it took about two months to regain prior highs.
e.l.f. Beauty Stock Performance In Market Crashes:
| ELF | S&P 500 | |
|---|---|---|
| 2018 Correction | ||
| % Change from Pre-Recession Peak | -75% | -20% |
| # of Months for Full Recovery | 26 | 4 |
| Covid Pandemic | ||
| % Change from Pre-Recession Peak | -59% | -34% |
| # of Months for Full Recovery | 4 | 5 |
| Inflation Shock | ||
| % Change from Pre-Recession Peak | -37% | -25% |
| # of Months for Full Recovery | 2 | 15 |
Worried that ELF is yet to hit the bottom? 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.
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