MAMMOTH ENERGY SERVICES, INC. performed better than the broader market on Tuesday. It returned +0.05% to close at 21.28. It is currently trading -47% below it's 52 week high of 40.88.
TUSK showed a strong down trend over the last 3 months. During this period TUSK lost -24.49% and saw a maximum drawdown of -29.17%. There was a short signal during this period which returned +24.49%.
During the last three months TUSK delivered profits on 50% days. However, it still managed to end this period in a loss. It's best return during this period (of +5.05%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -10.01%) was on Thursday, 6 Dec, 2018. There was initially a bullish trend during this period which started on 18 Sep, 2018 and went on till 25 Sep, 2018. The bullish trend returned +5.67% to investors. This was followed by a bearish trend that started on 8 Nov, 2018 and ended on 14 Nov, 2018. This bearish trend lost -13.02% of investor capital.
TUSK had 8 profitable and 4 loss making months over the last year. During the last year, number of profitable months of TUSK and SP500 index were the same. TUSK was also a more risky investment than SP500 index as it's worst month in the last year, Aug 2018, returned -26.17% compared to -7.28% returned by SP500 index in Oct 2018. TUSK had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year. It is interesting to note that both TUSK and SP500 index significantly outperform during months when quarterly/annual results are announced.
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TUSK is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in TUSK's volatility from 12 Sep, 2018 to 1 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 14 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that TUSK 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 TUSK you may find it interesting to know that VNDA has delivered similar performance as TUSK and can be considered as an alternative investment candidate (to TUSK).
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