MOBILE MINI INC delivered massive losses today. It lost -1.32% to close at 32.03. During the last week it lost -5.77% and saw a maximum drawdown of -7.59% before bouncing back.
Buy-and-Hold investors in MINI experienced a maximum drawdown of -27.2% over the last three months. It lost -24.64% during this strong down trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +13.55%.
MINI has been underperforming the SP500 index in recent time, after having outperformed till 6 Jul, 2018. Over the last 2 years 11 months and 10 days, MINI underperformed the SP500 index on 48% days. Which indicates that on days MINI underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
During the last three months MINI was mostly loss making and delivered on average -0.43% per day. It's best return during this period (of +4.54%) was on Tuesday, 16 Oct, 2018. While it's worst loss in the same period (of -7.19%) was on Tuesday, 4 Dec, 2018. There was initially a bullish trend during this period which started on 30 Oct, 2018 and went on till 7 Nov, 2018. The bullish trend returned +6.71% to investors. This was followed by a bearish trend that started on 3 Dec, 2018 and ended on 10 Dec, 2018. This bearish trend lost -18.07% of investor capital.
MINI had 7 profitable and 5 loss making months over the last year. During the last year, MINI underperformed SP500 index on monthly return basis. MINI was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -19.69% compared to -7.28% returned by SP500 index in Oct 2018. MINI had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year.
I'm a great believer in luck, and I find the harder I work the more I have of it.
-- Thomas Jefferson
MINI 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 MINI's volatility from 18 Sep, 2018 to 22 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 MINI has significant positive skewness in it's return distribution. This indicates that investors can expect MINI to recover from drawdowns quickly. Which makes MINI a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
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