MARINE PRODUCTS CORP

16.96 -0.3 (-1.8%) Sell

MPX investors dump it

13 min read

MARINE PRODUCTS CORP delivered massive losses today. It fell by -1.8% to close at 16.96. It's recent 5 day performance has been +0.58%, -4.72%, +1.81%, +4.18% and -22.21%.

[Themes containing MPX]

MPX is currently in a bearish trend. The previous short signal in MPX has not been profitable for investors in general. If you are short on MPX at current levels please make sure that your allocation is limited and that your portfolio is well diversified.

Trend

MPX has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 19 Jan, 2016 to 18 Oct, 2018. Over the last 2 years 11 months and 10 days, MPX outperformed the SP500 index on 52% days.

During the last three months MPX was mostly loss making and delivered on average -0.36% per day. It's best return during this period (of +14.09%) was on Tuesday, 25 Sep, 2018. While it's worst loss in the same period (of -22.21%) was on Monday, 10 Dec, 2018. The longest stort-term trend during this period was 6 losing days, which started on 5 Oct, 2018 and ended on 12 Oct, 2018. This bearish trend lost -10.44% of investor capital.

During the last year MPX had 8 profitable months and 4 loss making months. Profitable number of months of MPX and SP500 index were the same. MPX was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -20.56% compared to -7.28% returned by SP500 index in Oct 2018. MPX and SP500 index, both had periods of 6 consecutive profitable months.

Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we've got 24 hours each.
-- Christopher Rice

MPX 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 fall in MPX's volatility from 19 Sep, 2018 to 8 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 MPX has significant positive skewness in it's return distribution. This indicates that investors can expect MPX to recover from drawdowns quickly. Which makes MPX 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 MPX. Therefore, SP500 must receive a lower allocation than MPX in your portfolio. SP500 index usually has shorter drawdown period than MPX.

On a general note (since you are interested in MPX), V is a large cap that deserves to be closely tracked for investment opportunities.

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