MELCO RESORTS & ENTERTAINMENT LTD (FOREIGN)

17.35 +0.33 (+1.88%) Sell

MLCO investors looking to add more to current positions

13 min read

MELCO RESORTS & ENTERTAINMENT LTD (Foreign) delivered good returns today. It grew by +1.88% to close at 17.35. During the last week it returned -6.72% and saw a maximum drawdown of -8.44% before bouncing back.

[Themes containing MLCO]

MLCO is currently in a down trend. The current bearish signal has generated a profit of +15.65% for investors in the last three months.

Trend

MLCO has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 7 days, MLCO underperformed the SP500 index on 49% days. Which indicates that on days MLCO underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months MLCO was mostly loss making and delivered on average -0.21% per day. It's best return during this period (of +12.45%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -11.17%) was on Thursday, 8 Nov, 2018. There was initially a bullish trend during this period which started on 13 Sep, 2018 and went on till 20 Sep, 2018. The bullish trend returned +7.34% to investors. This was followed by a bearish trend that started on 17 Oct, 2018 and ended on 24 Oct, 2018. This bearish trend lost -9.41% of investor capital.

On monthly basis, MLCO delivered profits and losses in equal number of months. MLCO delivered profits less regularly than SP500 index. MLCO was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -22.22% compared to -7.28% returned by SP500 index in Oct 2018. MLCO had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year. It is interesting to note that both MLCO and SP500 index significantly outperform during months when quarterly/annual results are announced.

"There are two kinds of investors, be they large or small: those who don't know where the market is headed, and those who don't know that they don't know. Then again, there is a third type of investor -the investment professional, who indeed knows that he or she doesn't know, but whose livelihood depends upon appearing to know.

MLCO 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 MLCO's volatility from 21 Sep, 2018 to 1 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 13 Sep, 2018 to 29 Oct, 2018.

MLCO has more chance of extreme outcomes than the SP500 index. Therefore, MLCO must receive a lower allocation than SP500 in your portfolio.

Based on your interest in MLCO you may find it interesting to know that TWTR is a mid cap that has shown remarkable performance and deserves to be on every investors' watchlist.

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