3I INFOTECH LTD. delivered stellar performance on Friday. It gained +4.0% to close at 3.9. It is currently trading -54% below it's 52 week high of 8.55.
3IINFOTECH is currently in a up trend. The previous long signal in 3IINFOTECH has not been profitable for investors in general. If you are invested in 3IINFOTECH at current levels please make sure that your allocation is limited and that your portfolio is well diversified.
3IINFOTECH returned losses on 63% days in the last three months. During this time, it delivered on average +0.36% per day. It delivered it's best daily return of +16.42%, during this period, on Thursday, 15 Nov, 2018. There was initially a bearish trend during this period which started on 20 Nov, 2018 and went on till 28 Nov, 2018. The trend delivered -16.95% losses to investors. This was followed by a bullish trend that started on 27 Dec, 2018 and ended on 2 Jan, 2019. This bullish trend delivered +4.23% to investors.
3IINFOTECH had 2 profitable and 10 loss making months over the last year. During the last year, 3IINFOTECH underperformed NIFTY-50 index on monthly return basis. 3IINFOTECH was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Mar 2018, returned -13.68% compared to -6.42% returned by NIFTY-50 index in Sep 2018. 3IINFOTECH had a longer winning streak of losing months than NIFTY-50 index. It went down in 6 straight months (from Feb 2018 to Jul 2018) during which period it delivered -51.19%. It is interesting to note that both 3IINFOTECH and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
3IINFOTECH is becoming more volatile overall. In comparison, the NIFTY-50 index is seeing a fall in volatility. During the last three months, there was a significant fall in 3IINFOTECH's volatility from 30 Oct, 2018 to 3 Jan, 2019. While there was a significant fall in the NIFTY-50 index's volatility from 31 Oct, 2018 to 5 Dec, 2018.
Advanced/professional short-term investors should note that 3IINFOTECH has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
NIFTY-50 index has more chance of extreme outcomes than 3IINFOTECH. Therefore, NIFTY-50 must receive a lower allocation than 3IINFOTECH in your portfolio. NIFTY-50 index usually has shorter drawdown period than 3IINFOTECH.
On a general note (since you are interested in 3IINFOTECH), if you are evaluating 3IINFOTECH as an investment candidate, then you should read about DEN which has delivered similar performance and can help diversify your portfolio.
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