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.
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%.
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.
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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