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Hawkeye_Analytics
Aug 22, 2021 9:37 PM

Mirvac Group following 4 Relative Consecutive Up Weeks Long

MIRVAC GROUPASX

Description

Mirvac Group MGR has outperformed the All Ordinaries Index for 4 consecutive weeks (relative down week followed by 4 relative up weeks). This type of relative outperformance has consistently been a precursor to an upside move for MGR.

Since 2000, MGR has recorded 4 consecutive relative up weeks on 28 overlap adjusted occasions (at least 13-weeks between each event over continuous rolling 13-week intervals). Over the next 8 weeks, after these 28 events, MGR provided an absolute average return of 3.73%, win rate of 21 from 28, & standard deviation of 5.42%.
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