AKZO NOBEL INDIA LIMITED ranked worse than it's peers on Friday. It delivered -0.32% to close at 1725.3. On a day when the overall market breadth was 71%, it closed higher than 53% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
Buy-and-Hold investors in AKZOINDIA experienced a maximum drawdown of -6.14% over the last three months. It delivered +8.46% during this bullish 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 +4.81%.
AKZOINDIA has been outperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 24 Apr, 2017 to 12 Dec, 2018. Over the last 3 years and 1 month, AKZOINDIA underperformed the NIFTY-50 index on 51% days.
During the last three months AKZOINDIA was mostly profitable and delivered on average +0.14% per day. It's best return during this period (of +4.15%) was on Monday, 31 Dec, 2018. While it's worst loss in the same period (of -2.65%) was on Thursday, 25 Oct, 2018. The longest stort-term trend during this period was 5 profitable days, which started on 11 Dec, 2018 and went on till 17 Dec, 2018. This bullish trend returned +4.95% to investors.
The last 12 months saw AKZOINDIA's investors making profits in 5 months and incurring losses in 7 months. During the last year, AKZOINDIA and NIFTY-50 index had the same number of profitable months. AKZOINDIA significantly outperformed NIFTY-50 index in Dec 2018, when it returned +10.76% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. AKZOINDIA had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Aug 2018 to Oct 2018) during which period it delivered -19.36%. It is interesting to note that both AKZOINDIA and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
An investment in knowledge pays the best interest.
-- Benjamin Franklin
AKZOINDIA 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 AKZOINDIA's volatility from 31 Oct, 2018 to 4 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 AKZOINDIA has significant negative skewness in it's return distribution. This indicates that AKZOINDIA is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than AKZOINDIA. Therefore, NIFTY-50 must receive a lower allocation than AKZOINDIA in your portfolio. NIFTY-50 index usually has shorter drawdown period than AKZOINDIA.
Based on your interest in AKZOINDIA you may find it interesting to know that IGARASHI and NIFTY50-DIV-POINT are highly volatile and therefore risky. Investors should consider limiting their exposure to these instruments (because of their volatile nature).
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