MID AMERICA APARTMENT COMMUNITIES INC. delivered stellar performance today. It gained +1.23% to close at 98.29. It's recent 5 day performance has been -4.25%, -0.06%, +1.57%, -1.99% and +0.05%.
MAA showed a down trend over the last 3 months. During this period MAA returned -3.44% and saw a maximum drawdown of -8.19%. There were 2 short signals during this period that returned a cumulative of +3.48% to investors.
MAA has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 14 days, MAA underperformed the SP500 index on 49% days. Which indicates that on days MAA underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
MAA was profitable on 58% days in the last three months. During this time, it delivered on average -0.05% per day. It delivered it's worst daily return of -4.25%, during this period, on Monday, 17 Dec, 2018. There was initially a bearish trend during this period which started on 10 Oct, 2018 and went on till 12 Oct, 2018. The trend delivered -5.45% losses to investors. This was followed by a bullish trend that started on 5 Nov, 2018 and ended on 13 Nov, 2018. This bullish trend delivered +5.16% to investors.
On monthly basis, MAA delivered profits in more months over the last year, than losses. MAA delivered profits less regularly than SP500 index. MAA was also a more risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -10.01% compared to -7.75% returned by SP500 index in Dec 2018. MAA and SP500 index, both had periods of 6 consecutive profitable months.
Making money from enforcing patents is no more wrong than investing in preferred stock.
-- Nathan Myhrvold
MAA is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in MAA's volatility from 2 Oct, 2018 to 26 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that MAA has significant positive skewness in it's return distribution. This indicates that investors can expect MAA to recover from drawdowns quickly. Which makes MAA a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.
All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.
We want to empower investors with all the tools and analysis required by them to make a rational investment decision.If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute