Doesn't mean much.
You can look at bad runs and compare which would be just as meaningful.
Moyes had runs such as 9 games without a win. 6 losses on the bounce. 1 win in 10. 5 losses in 7 games. 2 wins in 14 games. 2 wins in 10. 1 win in 8. All competitions mind you as I can't be bothered looking up league only. Just shows that all managers (especially ones without mountains of dosh) have bad runs.
If we are in the bottom 3 with a dozen games to go then I will be very concerned then.