8212.4 -0.5 (-0.01%) Buy

Are you evaluating investing in ABBOTINDIA? Wait as it delivered lacklustre performance

13 min read

ABBOTINDIA delivered lacklustre performance today. On a longer term basis, investors in ABBOTT INDIA LIMITED made +0.14% per day. Tuesday's performance of -0.01% was a significant underperformance compared to it's daily average.

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ABBOTINDIA showed a strong up trend over the last 3 months. During this period ABBOTINDIA gained +16.17% and saw a maximum drawdown of -5.8%. There was a long signal during this period which returned +5.62%.


ABBOTINDIA has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, ABBOTINDIA outperformed the NIFTY-50 index on 47% days. Which indicates that on days ABBOTINDIA outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.

ABBOTINDIA returned losses on 51% days in the last three months. During this time, it delivered on average +0.25% per day. It delivered it's best daily return of +5.98%, during this period, on Wednesday, 31 Oct, 2018. There was initially a bullish trend during this period which started on 29 Oct, 2018 and went on till 2 Nov, 2018. The bullish trend returned +9.75% to investors. This was followed by a bearish trend that started on 19 Nov, 2018 and ended on 27 Nov, 2018. This bearish trend lost -5.94% of investor capital.

ABBOTINDIA had 8 profitable and 4 loss making months over the last year. ABBOTINDIA was profitable in more months than NIFTY-50 index. ABBOTINDIA significantly outperformed NIFTY-50 index in Apr 2018, when it returned +12.67% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. ABBOTINDIA had a longer winning streak of profitable months than NIFTY-50 index. It went up in 5 straight months (from Apr 2018 to Aug 2018) during which period it delivered +45.89%. It is interesting to note that both ABBOTINDIA and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

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ABBOTINDIA is becoming less 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 ABBOTINDIA's volatility from 2 Nov, 2018 to 7 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 ABBOTINDIA has significant negative skewness in it's return distribution. This indicates that ABBOTINDIA is very risky for short-term investment and can significantly underperform for long durations.

NIFTY-50 index has more chance of extreme outcomes than ABBOTINDIA. Therefore, NIFTY-50 must receive a lower allocation than ABBOTINDIA in your portfolio. NIFTY-50 index usually has shorter drawdown period than ABBOTINDIA.

Based on your interest in ABBOTINDIA you may find it interesting to know that PIDILITIND has delivered similar performance as ABBOTINDIA and can be considered as an alternative investment candidate (to ABBOTINDIA).

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