MUELLER INDUSTRIES INC

23.38 -0.6 (-2.58%) Sell

MLI investors take a massive hit

13 min read

MUELLER INDUSTRIES INC was among the worst performers on Monday. It lost -2.58% to close at 23.38. On a day when the overall market breadth was 34%, it closed higher than 67% of the market. In comparison, the benchmark SP500 index closed today at -0.0191%.

[Themes containing MLI]

MLI is currently in a down trend. The current bearish signal has generated a profit of +18.42% for investors in the last three months.

Trend

MLI has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 10 days, MLI underperformed the SP500 index on 52% days.

During the last three months MLI was mostly loss making and delivered on average -0.29% per day. It's best return during this period (of +4.52%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -8.66%) was on Tuesday, 23 Oct, 2018. There was initially a bearish trend during this period which started on 1 Oct, 2018 and went on till 5 Oct, 2018. The trend delivered -6.25% losses to investors. This was followed by a bullish trend that started on 1 Nov, 2018 and ended on 7 Nov, 2018. This bullish trend delivered +9.25% to investors.

MLI had 4 profitable and 8 loss making months over the last year. During the last year, MLI underperformed SP500 index on monthly return basis. MLI was also a more risky investment than SP500 index as it's worst month in the last year, Feb 2018, returned -19.95% compared to -7.28% returned by SP500 index in Oct 2018. MLI had a longer winning streak of losing months than SP500 index. It went down in 4 straight months (from Aug 2018 to Nov 2018) during which period it delivered -28.99%. It is interesting to note that both MLI and SP500 index significantly outperform during months when quarterly/annual results are announced.

"You don't want to have so much money going toward your mortgage every month that you can't enjoy life or take care of your other financial responsibilities.

MLI 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 MLI's volatility from 18 Sep, 2018 to 29 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 MLI has significant positive skewness in it's return distribution. This indicates that investors can expect MLI to recover from drawdowns quickly. Which makes MLI a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

Based on your interest in MLI you may find it interesting to know that TPNL, DFBG and HEAR have all shown remarkable performance this year and deserve to be on every investor's watchlist.

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