QDEL Dropped 16% In A Week. Bigger Declines Have Followed Similar Moves.
- In Dot-Com Bubble, QuidelOrtho stock declined 72% vs 37% for S&P 500. During covid pandemic, it dropped 66% compared to the S&P 500’s 34%.
- Following the Covid Pandemic, the stock has not yet recovered to its pre-crisis peak, whereas the S&P 500 recovered in 5 months. In the inflation shock, the stock has not yet recovered to its pre-crisis peak, whereas the S&P 500 recovered in 15 months.
QuidelOrtho Stock Performance In Market Crashes:
| QDEL | S&P 500 | |
|---|---|---|
| Dot-Com Bubble | ||
| % Change from Pre-Recession Peak | -72% | -37% |
| # of Months for Full Recovery | 33 | 69 |
| Global Financial Crisis | ||
| % Change from Pre-Recession Peak | -62% | -57% |
| # of Months for Full Recovery | 46 | 49 |
| 2018 Correction | ||
| % Change from Pre-Recession Peak | -42% | -20% |
| # of Months for Full Recovery | 13 | 4 |
| Covid Pandemic | ||
| % Change from Pre-Recession Peak | -66% | -34% |
| # of Months for Full Recovery | Yet to Recover | 5 |
| Inflation Shock | ||
| % Change from Pre-Recession Peak | -66% | -25% |
| # of Months for Full Recovery | Yet to Recover | 15 |
Worried that QDEL 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.
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