ALMONDZ GLOBAL SEC LTD managed to outperform the broader market on Tuesday. It fell by 0.0% to close at 25.65. It is currently trading -36% below it's 52 week high of 40.6.
ALMONDZ showed a strong bullish trend over the last 3 months. During this period ALMONDZ surged by +12.5% and saw a maximum drawdown of -14.34%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in ALMONDZ till volatility reduces and a clear trend emerges.
ALMONDZ has been outperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 7 Sep, 2016 to 4 Dec, 2017. Over the last 3 years and 1 month, ALMONDZ outperformed the NIFTY-50 index on 47% days. Which indicates that on days ALMONDZ outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
ALMONDZ returned losses on 53% days in the last three months. During this time, it delivered on average +0.24% per day. It delivered it's best daily return of +8.82%, during this period, on Monday, 17 Dec, 2018. The longest stort-term trends during this period were 4 profitable and losing days. The bullish trend (which returned +16.62%) started on 29 Oct, 2018 and went on till 1 Nov, 2018 while the bearish trend (which returned -7.3%) started on 6 Dec, 2018 and went on till 11 Dec, 2018.
During the last year ALMONDZ had 6 profitable months and 6 loss making months. Profitable number of months of ALMONDZ and NIFTY-50 index were the same. ALMONDZ significantly outperformed NIFTY-50 index in Apr 2018, when it returned +32.76% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. ALMONDZ had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Apr 2018 to Jun 2018) during which period it delivered +35.82%. It is interesting to note that both ALMONDZ and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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ALMONDZ is currently seeing overall increase in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant surge in ALMONDZ's volatility from 23 Oct, 2018 to 14 Nov, 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 ALMONDZ has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
NIFTY-50 index has more chance of extreme outcomes than ALMONDZ. Therefore, NIFTY-50 must receive a lower allocation than ALMONDZ in your portfolio. NIFTY-50 index usually has shorter drawdown period than ALMONDZ.
On a general note (since you are interested in ALMONDZ), if you are evaluating ALMONDZ as an investment candidate, then you should read about REFEX which has delivered similar performance and can help diversify your portfolio.
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