MATW was among the worst performers today. On a longer term basis, investors in MATTHEWS INTERNATIONAL CORP made -0.0% per day. Wednesday's performance of -0.71% was a underperformance compared to it's daily average.
MATW showed a strong bearish trend over the last 3 months. During this period MATW delivered -20.23% and saw a maximum drawdown of -23.88%. There was a short signal during this period which returned +20.23%.
MATW has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 30 Dec, 2016 to 15 Nov, 2018. Over the last 2 years 11 months and 8 days, MATW underperformed the SP500 index on 52% days.
During the last three months MATW was mostly loss making and delivered on average -0.33% per day. It's best return during this period (of +7.61%) was on Friday, 16 Nov, 2018. While it's worst loss in the same period (of -5.3%) was on Thursday, 4 Oct, 2018. The longest stort-term trend during this period was 6 losing days, which started on 8 Nov, 2018 and ended on 15 Nov, 2018. This bearish trend lost -9.96% of investor capital.
The last 12 months saw MATW's investors making profits in 4 months and incurring losses in 8 months. MATW was less consistent in delivering monthly returs than SP500 index. MATW was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -14.87% compared to -7.28% returned by SP500 index in Oct 2018. MATW had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Jul 2018 to Oct 2018) during which period it delivered -31.46%.
Be quick in cutting your loses but not profits
-- Abhishek Shukla
MATW 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 MATW's volatility from 20 Sep, 2018 to 16 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 MATW has significant positive skewness in it's return distribution. This indicates that investors can expect MATW to recover from drawdowns quickly. Which makes MATW a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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