26.95 -0.05 (-0.19%) Buy

ALANKIT investors take a moment to reassess their portfolio allocation

13 min read

ALANKIT LIMITED showed weakness today. It fell by -0.19% to close at 26.95. It's recent 5 day performance has been -0.92%, +0.55%, +0.18%, +0.37% and +3.06%.

[Themes containing ALANKIT]

ALANKIT is currently in a bullish trend. Over the last three months 2 bullish signals in ALANKIT have generated a profit of +16.18% for investors.


ALANKIT has been outperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 4 Jan, 2018 to 25 Sep, 2018. Over the last 3 years and 1 month, ALANKIT outperformed the NIFTY-50 index on 45% days. Which indicates that on days ALANKIT outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.

During the last three months ALANKIT was mostly profitable and delivered on average +0.44% per day. It's best return during this period (of +17.46%) was on Wednesday, 12 Dec, 2018. While it's worst loss in the same period (of -6.1%) was on Tuesday, 18 Dec, 2018. The longest stort-term trend during this period was 7 profitable days, which started on 8 Jan, 2019 and went on till 16 Jan, 2019. This bullish trend returned +9.32% to investors.

During the last year ALANKIT had 3 profitable months and 9 loss making months. ALANKIT returned profits in fewer months than NIFTY-50 index. ALANKIT significantly outperformed NIFTY-50 index in Dec 2018, when it returned +25.65% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. ALANKIT had a longer winning streak of losing months than NIFTY-50 index. It went down in 8 straight months (from Feb 2018 to Sep 2018) during which period it delivered -120.35%. It is interesting to note that both ALANKIT and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

The challenge is not to pick the best investment. The challenge is to pick the right investment.
-- Don Connelly

ALANKIT 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 ALANKIT's volatility from 19 Oct, 2018 to 18 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 ALANKIT has significant negative skewness in it's return distribution. This indicates that ALANKIT is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in ALANKIT you may find it interesting to know that VINATIORGA and NIITTECH are both small caps that have shown remarkable performance and deserve to be on every investors' watchlist.

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