MRC GLOBAL INC. ranked among the worst performers today. It delivered -2.43% to close at 14.06. During the last week it delivered -2.97% and saw a maximum drawdown of -5.0% before bouncing back.
Buy-and-Hold investors in MRC experienced a maximum drawdown of -28.19% over the last three months. It delivered -27.0% during this strong bearish 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 +11.4%.
MRC has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 2 Feb, 2016 to 8 Dec, 2016. Over the last 2 years 11 months and 10 days, MRC underperformed the SP500 index on 49% days. Which indicates that on days MRC underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
During the last three months MRC was mostly loss making and delivered on average -0.47% per day. It's best return during this period (of +6.51%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -5.25%) was on Tuesday, 20 Nov, 2018. The longest stort-term trend during this period was 7 losing days, which started on 4 Oct, 2018 and ended on 12 Oct, 2018. This bearish trend lost -9.12% of investor capital.
The last 12 months saw MRC's investors making profits in 5 months and incurring losses in 7 months. MRC was less consistent in delivering monthly returs than SP500 index. MRC significantly outperformed SP500 index in Apr 2018, when it returned +15.83% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. MRC had a longer winning streak of losing months than SP500 index. It went down in 5 straight months (from Aug 2018 to Dec 2018) during which period it delivered -43.94%. It is interesting to note that both MRC and SP500 index significantly outperform during months when quarterly/annual results are announced.
Traditionally, the sample is always better than the stock you deliver to the store.
-- Calvin Klein
MRC 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 surge in MRC's volatility from 19 Sep, 2018 to 2 Nov, 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 MRC 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.
Based on your interest in MRC you may find it interesting to know that EHC is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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