ALLCARGO continues it's uptrend, although on a weaker note
18 Jan, 201913 min read
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ALLCARGO LOGISTICS LTD managed to outperform the broader market today. It surged by +0.23% to close at 111.2. During the last week it surged by +1.09% and saw a maximum drawdown of -0.18% before bouncing back.
ALLCARGO is currently in a bullish trend. Over the last three months 2 bullish signals in ALLCARGO have generated a profit of +8.36% for investors.
ALLCARGO has been outperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 1 Jan, 2016 to 1 Oct, 2018. Over the last 3 years and 1 month, ALLCARGO underperformed the NIFTY-50 index on 53% days.
ALLCARGO was profitable on 53% days in the last three months. During this time, it delivered on average +0.31% per day. It delivered it's worst daily return of -6.07%, during this period, on Monday, 24 Dec, 2018. The longest stort-term trend during this period was 5 profitable days, which started on 24 Oct, 2018 and went on till 30 Oct, 2018. This bullish trend returned +6.28% to investors.
The last 12 months saw ALLCARGO's investors making profits in 6 months and incurring losses in 6 months. During the last year, ALLCARGO delivered profits in more months than NIFTY-50 index. ALLCARGO was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Mar 2018, returned -18.31% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ALLCARGO had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from Feb 2018 to Jun 2018) during which period it delivered -59.66%. It is interesting to note that both ALLCARGO and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"Derivatives are financial weapons of mass destruction.
ALLCARGO 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 ALLCARGO'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 ALLCARGO has significant negative skewness in it's return distribution. This indicates that ALLCARGO is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than ALLCARGO. Therefore, NIFTY-50 must receive a lower allocation than ALLCARGO in your portfolio. NIFTY-50 index usually has shorter drawdown period than ALLCARGO.
Based on your interest in ALLCARGO you may find it interesting to know that HATSUN, IGARASHI and IEX are all extremely risky investment candidates that must be evaluated carefully. Investors with low risk profile are better off avoiding them till their performance becomes more consistent.
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