AARTIIND continues to mint money for it's investors
18 Jan, 201913 min read
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AARTI INDUSTRIES LTD delivered stellar performance on Friday. It gained +1.55% to close at 1549.55. It is currently trading +50% above it's 52 week low of 1027.1 and is down only -1% from it's 52 week high.
AARTIIND showed a strong up trend over the last 3 months. During this period AARTIIND gained +24.41% and saw a maximum drawdown of -7.69%. There were 2 long signals during this period that returned a cumulative of +17.03% to investors.
AARTIIND has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, AARTIIND outperformed the NIFTY-50 index on 50% days. Which indicates that on days AARTIIND outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
AARTIIND was profitable on 60% 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 +4.58%, during this period, on Wednesday, 14 Nov, 2018. There was initially a bearish trend during this period which started on 5 Dec, 2018 and went on till 10 Dec, 2018. The trend delivered -5.79% losses to investors. This was followed by a bullish trend that started on 4 Jan, 2019 and ended on 15 Jan, 2019. This bullish trend delivered +9.24% to investors.
On monthly basis, AARTIIND delivered profits in more months over the last year, than losses. AARTIIND delivered profits in more months than NIFTY-50 index. AARTIIND significantly outperformed NIFTY-50 index in Apr 2018, when it returned +15.81% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. AARTIIND had a longer winning streak of profitable months than NIFTY-50 index. It went up in 4 straight months (from Oct 2018 to Jan 2019) during which period it delivered +32.47%. It is interesting to note that both AARTIIND and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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AARTIIND 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 surge in AARTIIND's volatility from 19 Oct, 2018 to 26 Oct, 2018. 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 AARTIIND 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.
AARTIIND has more chance of extreme outcomes than the NIFTY-50 index. Therefore, AARTIIND must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than AARTIIND.
On a general note (since you are interested in AARTIIND), three instruments that have performed similar to AARTIIND are MAHSCOOTER, JSWSTEEL and BAJAJFINSV. They must all be evaluated as alternative investment options and for diversification.
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