MALIBU BOATS, INC. outperformed the broader market today. It increased by +2.36% to close at 38.62. It's recent 5 day performance has been -4.19%, +0.95%, -0.61%, -2.36% and -5.61%.
MBUU showed a strong bearish trend over the last 3 months. During this period MBUU delivered -27.05% and saw a maximum drawdown of -32.05%. There was a short signal during this period which returned +24.47%.
MBUU has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 29 Jun, 2016 to 1 Oct, 2018. Over the last 2 years 11 months and 10 days, MBUU outperformed the SP500 index on 53% days.
During the last three months MBUU was mostly loss making and delivered on average -0.44% per day. It's best return during this period (of +16.5%) was on Tuesday, 6 Nov, 2018. While it's worst loss in the same period (of -10.2%) was on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 9 losing days, which started on 17 Oct, 2018 and ended on 29 Oct, 2018. This bearish trend lost -24.46% of investor capital.
The last 12 months saw MBUU's investors making profits in 7 months and incurring losses in 5 months. MBUU was less consistent in delivering monthly returs than SP500 index. MBUU significantly outperformed SP500 index in Aug 2018, when it returned +28.25% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. MBUU had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.
We make a living by what we get, but we make a life by what we give.
-- Winston Churchill
MBUU 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 fall in MBUU's volatility from 17 Sep, 2018 to 1 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 MBUU 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.
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