Published on 27 Dec 2022 on Simply Wall St. via Yahoo Finance
Investors in Porch Group (NASDAQ:PRCH) have unfortunately lost 90% over the last year
It's not a secret that every investor will make bad investments, from time to time. But it's not unreasonable to try to avoid truly shocking capital losses. We wouldn't blame Porch Group, Inc. (NASDAQ:PRCH) shareholders if they were still in shock after the stock dropped like a lead balloon, down 90% in just one year. A loss like this is a stark reminder that portfolio diversification is important. Porch Group may have better days ahead, of course; we've only looked at a one year period. Shareholders have had an even rougher run lately, with the share price down 25% in the last 90 days. We really feel for shareholders in this scenario. It's a good reminder of the importance of diversification, and it's worth keeping in mind there's more to life than money, anyway.
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
Check out our latest analysis for Porch Group