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%.
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%.