MERIDIAN BANCORP, INC. was among the worst performers on Monday. It fell by -1.53% to close at 14.76. On a day when the overall market breadth was 34%, it closed higher than 77% of the market. In comparison, the benchmark SP500 index closed today at -0.0191%.
EBSB showed a strong bearish trend over the last 3 months. During this period EBSB fell by -14.68% and saw a maximum drawdown of -17.08%. There was a short signal during this period which returned +14.68%.
EBSB has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 27 Dec, 2016 to 22 Oct, 2018. Over the last 2 years 11 months and 10 days, EBSB underperformed the SP500 index on 50% days. Which indicates that on days EBSB underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
EBSB returned losses on 51% days in the last three months. During this time, it delivered on average -0.24% per day. It delivered it's worst daily return of -5.99%, during this period, on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 5 profitable days, which started on 19 Nov, 2018 and went on till 26 Nov, 2018. This bullish trend returned +2.51% to investors.
During the last year EBSB had 3 profitable months and 9 loss making months. EBSB returned profits in fewer months than SP500 index. EBSB was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -8.32% compared to -7.28% returned by SP500 index in Oct 2018. EBSB had a longer winning streak of losing months than SP500 index. It went down in 5 straight months (from Jun 2018 to Oct 2018) during which period it delivered -20.86%.
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
EBSB is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in EBSB's volatility from 20 Sep, 2018 to 24 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that EBSB has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
On a general note (since you are interested in EBSB), V is a large cap that deserves to be closely tracked for investment opportunities.
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