Waiting to invest in AKSHOPTFBR? Look for alternatives because it performed worse than the broader market
22 Jan, 201913 min read
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AKSH OPTIFIBRE LIMITED performed worse than the broader market on Tuesday. It delivered -1.28% to close at 23.05. It is currently trading -45% below it's 52 week high of 42.2.
[Themes containing AKSHOPTFBR]
AKSHOPTFBR showed a strong bearish trend over the last 3 months. During this period AKSHOPTFBR delivered -12.36% and saw a maximum drawdown of -20.8%. There was a short signal during this period which returned +12.36%.
AKSHOPTFBR has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 30 Aug, 2016 to 12 Feb, 2018. Over the last 3 years and 1 month, AKSHOPTFBR underperformed the NIFTY-50 index on 56% days.
During the last three months AKSHOPTFBR was mostly loss making and delivered on average -0.19% per day. It's best return during this period (of +8.1%) was on Tuesday, 11 Dec, 2018. While it's worst loss in the same period (of -4.39%) was on Monday, 10 Dec, 2018. The longest stort-term trend during this period was 10 losing days, which started on 27 Nov, 2018 and ended on 10 Dec, 2018. This bearish trend lost -14.81% of investor capital.
The last 12 months saw AKSHOPTFBR's investors making profits in 5 months and incurring losses in 7 months. AKSHOPTFBR was less consistent in delivering monthly returs than NIFTY-50 index. AKSHOPTFBR was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -22.1% compared to -6.42% returned by NIFTY-50 index in Sep 2018. AKSHOPTFBR had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Nov 2018 to Jan 2019) during which period it delivered -19.25%. It is interesting to note that both AKSHOPTFBR and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
If all the economists were laid end to end, they'd never reach a conclusion.
-- George Bernard Shaw
AKSHOPTFBR is currently seeing overall fall in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in AKSHOPTFBR's volatility from 23 Oct, 2018 to 22 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 AKSHOPTFBR has significant negative skewness in it's return distribution. This indicates that AKSHOPTFBR is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than AKSHOPTFBR. Therefore, NIFTY-50 must receive a lower allocation than AKSHOPTFBR in your portfolio. NIFTY-50 index usually has shorter drawdown period than AKSHOPTFBR.
On a general note (since you are interested in AKSHOPTFBR), two instruments that deserve special mention are ~MUTHOOTGRP and ~CHEMICALS. They have significantly outperformed the overall market.
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