MCGRATH RENTCORP showed weakness today. It lost -0.71% to close at 51.78. It's recent 5 day performance has been -1.04%, -1.03%, +1.45%, +1.49% and -0.79%.
MGRC is currently in a down trend. Over the last three months 2 bearish signals have generated a profit of +2.27% for investors.
During the last three months MGRC was mostly loss making and delivered on average -0.05% per day. It's best return during this period (of +11.53%) was on Wednesday, 31 Oct, 2018. While it's worst loss in the same period (of -4.32%) was on Tuesday, 2 Oct, 2018. There was initially a bearish trend during this period which started on 8 Oct, 2018 and went on till 11 Oct, 2018. The trend delivered -5.01% losses to investors. This was followed by a bullish trend that started on 13 Nov, 2018 and ended on 16 Nov, 2018. This bullish trend delivered +1.2% to investors.
MGRC had 6 profitable and 6 loss making months over the last year. During the last year, MGRC underperformed SP500 index on monthly return basis. MGRC significantly outperformed SP500 index in Apr 2018, when it returned +11.46% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. MGRC had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year.
Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
-- George Soros
MGRC 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 MGRC's volatility from 20 Sep, 2018 to 31 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that MGRC 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.
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