14.76 -0.23 (-1.53%) Sell

Looking to invest in EBSB? Avoid at the moment as it was among the worst performers

13 min read

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%.

[Themes containing EBSB]

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.

SP500 index has more chance of extreme outcomes than EBSB. Therefore, SP500 must receive a lower allocation than EBSB in your portfolio. SP500 index usually has shorter drawdown period than EBSB.

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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