Published on 26 Mar 2024 on Simply Wall St. via Yahoo Finance

Shareholders in Mandalay Resources (TSE:MND) are in the red if they invested a year ago

The simplest way to benefit from a rising market is to buy an index fund. Active investors aim to buy stocks that vastly outperform the market - but in the process, they risk under-performance. That downside risk was realized by Mandalay Resources Corporation (TSE:MND) shareholders over the last year, as the share price declined 37%. That contrasts poorly with the market return of 13%. At least the damage isn't so bad if you look at the last three years, since the stock is down 22% in that time. Shareholders have had an even rougher run lately, with the share price down 20% in the last 90 days.

So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress.

See our latest analysis for Mandalay Resources