58.31 -0.04 (-0.07%) Buy

MZOR investors check their stop-losses as it underperforms

13 min read

MAZOR ROBOTICS LTD. (Foreign) ranked worse than it's peers today. It lost -0.07% to close at 58.31. During the last week it gained +0.19% and saw a maximum drawdown of -0.07% before bouncing back.

[Themes containing MZOR]

Buy-and-Hold investors in MZOR experienced a maximum drawdown of -0.82% over the last three months. It gained +19.32% during this strong up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals. The net profit from Long signals was +18.59%.


MZOR has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 10 days, MZOR outperformed the SP500 index on 51% days.

MZOR returned losses on 51% days in the last three months. During this time, it delivered on average +0.29% per day. It delivered it's best daily return of +10.24%, during this period, on Friday, 21 Sep, 2018. There was initially a bullish trend during this period which started on 17 Sep, 2018 and went on till 24 Sep, 2018. The bullish trend returned +18.15% to investors. This was followed by a bearish trend that started on 5 Oct, 2018 and ended on 11 Oct, 2018. This bearish trend lost -0.43% of investor capital.

MZOR had 7 profitable and 5 loss making months over the last year. During the last year, MZOR underperformed SP500 index on monthly return basis. MZOR significantly outperformed SP500 index in Jan 2018, when it returned +29.78% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. MZOR had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year. It is interesting to note that both MZOR and SP500 index significantly outperform during months when quarterly/annual results are announced.

The studios don't finance anymore, they get outside funds.
-- Robert Rodriguez

MZOR 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 fall in MZOR's volatility from 20 Sep, 2018 to 10 Dec, 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 MZOR 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.

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

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

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