3.71 -0.12 (-3.13%) Sell

MEET is a falling knife, continues to bleed every investor trying to catch it

13 min read

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.

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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.

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

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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