3.85 0.0 (0.0%) Sell

ALOKTEXT shows sign of weakness as investors do cost averaging

13 min read

ALOK INDUSTRIES LTD performed better than the broader market today. It returned 0.0% to close at 3.85. It's recent 5 day performance has been +1.32%, +4.11%, 0.0%, 0.0% and 0.0%.

[Themes containing ALOKTEXT]

ALOKTEXT is currently in a down trend. Over the last three months Buy-and-Hold has been a better strategy (returning +24.19%) for ALOKTEXT's investors than shorting it.


ALOKTEXT has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, ALOKTEXT underperformed the NIFTY-50 index on 55% days.

During the last three months ALOKTEXT delivered losses on 64% days. However, it still managed to end this period in a profit. It's best return during this period (of +4.92%) was on Thursday, 29 Nov, 2018. While it's worst loss in the same period (of -4.69%) was on Tuesday, 30 Oct, 2018. There was initially a bullish trend during this period which started on 24 Dec, 2018 and went on till 2 Jan, 2019. The bullish trend returned +10.57% to investors. This was followed by a bearish trend that started on 9 Jan, 2019 and ended on 15 Jan, 2019. This bearish trend lost -7.83% of investor capital.

On monthly basis, ALOKTEXT delivered losses in more months over the last year, than profits. ALOKTEXT delivered profits less regularly than NIFTY-50 index. ALOKTEXT significantly outperformed NIFTY-50 index in Jun 2018, when it returned +110.81% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. ALOKTEXT had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from Feb 2018 to May 2018) during which period it delivered -63.08%. It is interesting to note that both ALOKTEXT and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Anyone who thinks there's safety in numbers hasn't looked at the stock market pages.
-- Irene Peter

ALOKTEXT is becoming less volatile overall. In comparison, the NIFTY-50 index is seeing a fall in volatility. During the last three months, there was a significant surge in ALOKTEXT's volatility from 24 Oct, 2018 to 25 Oct, 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 ALOKTEXT 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 ALOKTEXT. Therefore, NIFTY-50 must receive a lower allocation than ALOKTEXT in your portfolio. NIFTY-50 index usually has shorter drawdown period than ALOKTEXT.

On a general note (since you are interested in ALOKTEXT), two mid cap instruments that deserve special mention are CUB and HATSUN. They have significantly outperformed the overall market.

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