The midlands club have slipped into the bottom six of the Premier League standings after suffering successive defeats away to Fulham and Tottenham and at home to Aston Villa.
They relinquished leads at Craven Cottage and White Hart Lane and were overthrown by local rivals Villa courtesy of a late goal from striker Emile Heskey.
However, McCarthy is convinced his side can improve on their poor run of results ahead of their visit to Wigan on Saturday.
"Of course, it's a concern to lose games late and losing any game is a concern," said McCarthy. "It's really disappointing.
"There's no point keeping talking about playing well and then losing games.
"It's no good saying that when we don't get any points out of the games.
"We have played better than three defeats but that's the stat that matters.
"But we just need to keep performances like that to turn it around."
McCarthy feels his Wolves players have the right attitude to emerge from their mini slump.
"When you've been beaten three times on the bounce, it becomes increasingly hard to keep getting the performances," he added.
"But they are a great set of lads and I've no doubt the performances will be there."
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