While the methodologies of fundamental and technical analysis represent the foundations of the financial publication industry, they’re not as effective in spotting objectively defined opportunities. Sometimes, these approaches are completely blind to favorable trading setups, a potential hole that quantitative analysis may address. Solar energy specialist Enphase Energy (ENPH) recently provided a clear example of this gap.
As with other publicly traded companies, Enphase struggled during the midweek session, losing almost 3%. While other enterprises have undoubtedly been hit far worse, ENPH stock has been under pressure for an extended period. Since the beginning of the year, ENPH lost more than 47% of value. Over the past 52 weeks, it’s down 54%.
