AMD INDUSTRIES LIMITED

26.85 +0.05 (+0.19%) Buy

AMDIND investors considering profit booking at current levels

13 min read

AMD INDUSTRIES LIMITED managed to outperform the broader market today. It surged by +0.19% to close at 26.85. During the last week it surged by +5.5% and saw a maximum drawdown of -0.19% before bouncing back.

[Themes containing AMDIND]

AMDIND is currently in a bullish trend. Over the last three months 2 bullish signals in AMDIND have generated a profit of +19.42% for investors.

Trend

AMDIND has been outperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 15 Nov, 2017 to 25 Jul, 2018. Over the last 3 years and 1 month, AMDIND underperformed the NIFTY-50 index on 54% days.

AMDIND returned losses on 54% days in the last three months. During this time, it delivered on average +0.5% per day. It delivered it's best daily return of +20.0%, during this period, on Friday, 4 Jan, 2019. The longest stort-term trends during this period were 5 profitable and losing days. The bullish trend (which returned +10.54%) started on 29 Oct, 2018 and went on till 2 Nov, 2018 while the bearish trend (which returned -5.93%) started on 20 Nov, 2018 and went on till 27 Nov, 2018.

The last 12 months saw AMDIND's investors making profits in 6 months and incurring losses in 6 months. During the last year, AMDIND delivered profits in more months than NIFTY-50 index. AMDIND significantly outperformed NIFTY-50 index in Jan 2019, when it returned +26.95% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. AMDIND had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Apr 2018 to Jun 2018) during which period it delivered -29.36%. It is interesting to note that both AMDIND and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

You can only become truly accomplished at something you love. Don't make money your goal. Instead, pursue the things you love doing, and then do them so well that people can't take their eyes off you.
-- Maya Angelou

AMDIND 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 fall in AMDIND's volatility from 19 Oct, 2018 to 29 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 AMDIND 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 AMDIND. Therefore, NIFTY-50 must receive a lower allocation than AMDIND in your portfolio. NIFTY-50 index usually has shorter drawdown period than AMDIND.

Based on your interest in AMDIND you may find it interesting to know that CUB has shown remarkable performance this year and deserves to be on every investors' watchlist.

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