MDC PARTNERS INC delivered stellar performance today. It gained +1.03% to close at 2.95. During the last week it returned -8.1% and saw a maximum drawdown of -9.03% before bouncing back.
MDCA is currently in a down trend. The current bearish signal has generated a profit of +31.4% for investors in the last three months.
MDCA returned losses on 65% days in the last three months. During this time, it delivered on average -0.45% per day. It delivered it's best daily return of +31.2%, during this period, on Thursday, 6 Dec, 2018. There was initially a bearish trend during this period which started on 17 Oct, 2018 and went on till 26 Oct, 2018. The trend delivered -23.85% losses to investors. This was followed by a bullish trend that started on 1 Nov, 2018 and ended on 6 Nov, 2018. This bullish trend delivered +28.7% to investors.
On monthly basis, MDCA delivered losses in more months over the last year, than profits. MDCA delivered profits less regularly than SP500 index. MDCA was also a more risky investment than SP500 index as it's worst month in the last year, May 2018, returned -45.03% compared to -7.28% returned by SP500 index in Oct 2018. MDCA had a longer winning streak of losing months than SP500 index. It went down in 3 straight months (from Jan 2018 to Mar 2018) during which period it delivered -32.39%. It is interesting to note that both MDCA and SP500 index significantly outperform during months when quarterly/annual results are announced.
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MDCA is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in MDCA's volatility from 18 Sep, 2018 to 20 Sep, 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 MDCA has significant positive skewness in it's return distribution. This indicates that investors can expect MDCA to recover from drawdowns quickly. Which makes MDCA a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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