29.43 +0.63 (+2.15%) Buy

MGP investors holding on and letting their profits run

13 min read

MGM GROWTH PROPERTIES LLC outperformed today. It surged by +2.15% to close at 29.43. It's recent 5 day performance has been -0.55%, -0.1%, +1.79%, -1.21% and -0.89%.

[Themes containing MGP]

MGP is currently in a bullish trend. The current bullish signal has generated a profit of +1.52% for MGP's investors in the last three months.


MGP has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 11 Sep, 2017 to 26 Feb, 2018. Over the last 2 years and 8 months, MGP outperformed the SP500 index on 50% days. Which indicates that on days MGP outperforms the SP500 index, it's performance is marginally better than on the days it underperforms the SP500 index.

MGP returned losses on 62% days in the last three months. During this time, it delivered on average -0.02% per day. It delivered it's best daily return of +2.68%, during this period, on Monday, 26 Nov, 2018. The longest stort-term trend during this period was 8 losing days, which started on 9 Nov, 2018 and ended on 20 Nov, 2018. This bearish trend lost -8.0% of investor capital.

The last 12 months saw MGP's investors making profits in 8 months and incurring losses in 4 months. During the last year, MGP and SP500 index had the same number of profitable months. MGP significantly outperformed SP500 index in Apr 2018, when it returned +8.41% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. MGP and SP500 index, both had periods of 6 consecutive profitable months.

Be quick in cutting your loses but not profits
-- Abhishek Shukla

MGP is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in MGP's volatility from 18 Sep, 2018 to 2 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 MGP has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.

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

Based on your interest in MGP you may find it interesting to know that PHYS, HVBC and TJX have all performed similar to MGP and qualify as alternative investment candidates that must be evaluated for diversification.

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