MANTECH INTERNATIONAL CORP

54.49 -0.4 (-0.73%) Sell

MANT is a falling knife, continues to bleed every investor trying to catch it

13 min read

MANTECH INTERNATIONAL CORP has destroyed investor wealth on Tuesday. It fell by -0.73% to close at 54.49. It is currently trading -19% below it's 52 week high of 67.47.

[Themes containing MANT]

MANT showed a strong bearish trend over the last 3 months. During this period MANT fell by -18.68% and saw a maximum drawdown of -20.1%. There were 2 short signals during this period that returned a cumulative of +0.51% to investors.

Trend

MANT has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 17 Feb, 2016 to 5 Sep, 2018. Over the last 2 years 11 months and 7 days, MANT outperformed the SP500 index on 51% days.

During the last three months MANT was mostly loss making and delivered on average -0.31% per day. It's best return during this period (of +5.53%) was on Wednesday, 7 Nov, 2018. While it's worst loss in the same period (of -5.46%) was on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 5 losing days, which started on 14 Sep, 2018 and ended on 20 Sep, 2018. This bearish trend lost -8.47% of investor capital.

During the last year MANT had 5 profitable months and 7 loss making months. MANT returned profits in fewer months than SP500 index. MANT significantly outperformed SP500 index in Aug 2018, when it returned +10.81% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. MANT had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Sep 2018 to Dec 2018) during which period it delivered -16.81%. It is interesting to note that both MANT and SP500 index significantly outperform during months when quarterly/annual results are announced.

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

MANT is currently seeing overall fall in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in MANT's volatility from 14 Sep, 2018 to 2 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 13 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that MANT 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 MANT. Therefore, SP500 must receive a lower allocation than MANT in your portfolio. SP500 index usually has shorter drawdown period than MANT.

On a general note (since you are interested in MANT), TNDM has performed really well this year and deserves to be closely tracked for investment opportunities.

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