The party never started for AHLEAST investors as it was among the worst performers
22 Jan, 201914 min read
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ASIAN HOTELS (EAST) LTD delivered massive losses today. It returned -2.12% to close at 245.0. It's recent 5 day performance has been -1.3%, +2.65%, +1.98%, -0.35% and +0.27%.
AHLEAST is currently in a down trend. The previous short signal in AHLEAST has not been profitable for investors in general. If you are short on AHLEAST at current levels please make sure that your allocation is limited and that your portfolio is well diversified.
AHLEAST has been underperforming the NIFTY-50 index in recent time, after having outperformed till 23 Jan, 2018. Over the last 3 years and 1 month, AHLEAST outperformed the NIFTY-50 index on 49% days. Which indicates that on days AHLEAST outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
AHLEAST returned losses on 51% days in the last three months. During this time, it delivered on average +0.1% per day. It delivered it's best daily return of +5.99%, during this period, on Thursday, 29 Nov, 2018. There was initially a bearish trend during this period which started on 25 Oct, 2018 and went on till 26 Oct, 2018. The trend delivered -1.52% losses to investors. This was followed by a bullish trend that started on 29 Oct, 2018 and ended on 31 Oct, 2018. This bullish trend delivered +6.3% to investors.
On monthly basis, AHLEAST delivered losses in more months over the last year, than profits. AHLEAST delivered profits less regularly than NIFTY-50 index. AHLEAST was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Feb 2018, returned -20.46% compared to -6.42% returned by NIFTY-50 index in Sep 2018. AHLEAST had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Apr 2018 to Jun 2018) during which period it delivered -30.3%. It is interesting to note that both AHLEAST and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"A budget tells us what we can't afford, but it doesn't keep us from buying it.
AHLEAST 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 surge in AHLEAST's volatility from 23 Oct, 2018 to 14 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 AHLEAST has significant negative skewness in it's return distribution. This indicates that AHLEAST is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than AHLEAST. Therefore, NIFTY-50 must receive a lower allocation than AHLEAST in your portfolio. NIFTY-50 index usually has shorter drawdown period than AHLEAST.
Based on your interest in AHLEAST you may find it interesting to know that KCPSUGIND and MANGLMCEM have both performed similar to AHLEAST and can be considered by investors as alternative investment options.
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