AKSH OPTIFIBRE LIMITED

23.05 -0.3 (-1.28%) Sell

Waiting to invest in AKSHOPTFBR? Look for alternatives because it performed worse than the broader market

13 min read

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%.

Trend

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.

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
If you liked what you read here ...

... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.

All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.

We want to empower investors with all the tools and analysis required by them to make a rational investment decision.

If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute
Share with friends   WhatsApp   Facebook   Twitter