MASTERCRAFT BOAT HOLDINGS, INC.

20.92 +0.12 (+0.58%) Sell

Don't give up on MCFT now, it gave a fairly good return

13 min read

MCFT delivered good returns today. On a longer term basis, investors in MASTERCRAFT BOAT HOLDINGS, INC. made +0.07% per day. Friday's performance of +0.58% was a significant outperformance compared to it's daily average.

[Themes containing MCFT]

MCFT showed a strong down trend over the last 3 months. During this period MCFT lost -43.28% and saw a maximum drawdown of -45.0%. There was a short signal during this period which returned +31.75%.

Trend

MCFT has been underperforming the SP500 index in recent time, after having outperformed till 18 Sep, 2018. Over the last 2 years 11 months and 10 days, MCFT outperformed the SP500 index on 52% days.

During the last three months MCFT was mostly loss making and delivered on average -0.84% per day. It's best return during this period (of +6.65%) was on Tuesday, 6 Nov, 2018. While it's worst loss in the same period (of -17.7%) was on Friday, 9 Nov, 2018. There was initially a bullish trend during this period which started on 12 Oct, 2018 and went on till 17 Oct, 2018. The bullish trend returned +11.12% to investors. This was followed by a bearish trend that started on 18 Oct, 2018 and ended on 29 Oct, 2018. This bearish trend lost -21.18% of investor capital.

MCFT had 6 profitable and 6 loss making months over the last year. During the last year, MCFT underperformed SP500 index on monthly return basis. MCFT significantly outperformed SP500 index in Sep 2018, when it returned +30.14% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. MCFT had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.

"Finance is a gun. Politics is knowing when to pull the trigger.

MCFT is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in MCFT's volatility from 18 Sep, 2018 to 9 Nov, 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 MCFT has significant positive skewness in it's return distribution. This indicates that investors can expect MCFT to recover from drawdowns quickly. Which makes MCFT a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

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

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