MEET GROUP, INC. is a falling knife that can bleed you if you catch it on Friday. It fell by -3.13% to close at 3.71. It is currently trading +98% above it's 52 week low of 1.87 and is down only -32% from it's 52 week high.
MEET showed a strong bearish trend over the last 3 months. During this period MEET fell by -18.64% and saw a maximum drawdown of -32.42%. There was a short signal during this period which returned +21.4%.
MEET has been underperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 10 Aug, 2016 to 4 Apr, 2018. Over the last 2 years 11 months and 10 days, MEET underperformed the SP500 index on 51% days.
MEET returned losses on 62% days in the last three months. During this time, it delivered on average -0.27% per day. It delivered it's best daily return of +12.04%, during this period, on Thursday, 4 Oct, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 29 Oct, 2018 and went on till 5 Nov, 2018. This bullish trend returned +10.26% to investors.
During the last year MEET had 4 profitable months and 8 loss making months. MEET returned profits in fewer months than SP500 index. MEET significantly outperformed SP500 index in May 2018, when it returned +53.36% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. MEET had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Sep 2018 to Dec 2018) during which period it delivered -29.5%.
How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.
-- Robert G. Allen
MEET 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 MEET's volatility from 2 Oct, 2018 to 11 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 MEET has significant negative skewness in it's return distribution. This indicates that MEET is very risky for short-term investment and can significantly underperform for long durations.
Based on your interest in MEET you may find it interesting to know that UNH is a large cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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