112.2 -5.61 (-5.0%) Buy

Search for alternative investments is on for AGCNET investors as it ranked worse than it's peers

13 min read

AGCNET ranked among the worst performers today. On a longer term basis, investors in AGC NETWORKS LIMITED made +0.13% per day. Friday's performance of -5.0% was a significant underperformance compared to it's daily average.

[Themes containing AGCNET]

Buy-and-Hold investors in AGCNET experienced a maximum drawdown of -14.39% over the last three months. It returned +103.81% during this strong up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals. The net profit from Long signals was +32.31%.


AGCNET has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, AGCNET underperformed the NIFTY-50 index on 54% days.

During the last three months AGCNET was mostly profitable and delivered on average +1.28% per day. It's best return during this period (of +19.99%) was on Friday, 4 Jan, 2019. While it's worst loss in the same period (of -9.88%) was on Tuesday, 8 Jan, 2019. There was initially a bullish trend during this period which started on 26 Oct, 2018 and went on till 1 Nov, 2018. The bullish trend returned +22.69% to investors. This was followed by a bearish trend that started on 5 Dec, 2018 and ended on 10 Dec, 2018. This bearish trend lost -11.62% of investor capital.

On monthly basis, AGCNET delivered profits and losses in equal number of months. AGCNET delivered profits less regularly than NIFTY-50 index. AGCNET significantly outperformed NIFTY-50 index in Jan 2019, when it returned +50.6% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. AGCNET had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Nov 2018 to Jan 2019) during which period it delivered +69.49%. It is interesting to note that both AGCNET and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Too many people spend money they buy things they don't impress people that they don't like.
-- Will Rogers

AGCNET 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 AGCNET's volatility from 22 Oct, 2018 to 27 Dec, 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 AGCNET has significant negative skewness in it's return distribution. This indicates that AGCNET is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in AGCNET), LTI has performed really well this year and deserves to be closely tracked for investment opportunities.

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