ANG INDUSTRIES LIMITED

1.15 -0.05 (-4.17%) Sell

ANGIND is a falling knife, continues to bleed every investor trying to catch it

13 min read

ANGIND was among the worst performers today. On a longer term basis, investors in ANG INDUSTRIES LIMITED made -0.16% per day. Friday's performance of -4.17% was a underperformance compared to it's daily average.

[Themes containing ANGIND]

ANGIND showed a strong bearish trend over the last 3 months. During this period ANGIND fell by -30.3% and saw a maximum drawdown of -30.3%. There were 2 short signals during this period that returned a cumulative of +17.85% to investors.

Trend

ANGIND has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 12 Jan, 2016 to 28 Aug, 2018. Over the last 3 years and 1 month, ANGIND underperformed the NIFTY-50 index on 55% days.

ANGIND returned losses on 70% days in the last three months. During this time, it delivered on average -0.53% per day. It delivered it's worst daily return of -4.17%, during this period, on Friday, 18 Jan, 2019. The longest stort-term trends during this period were 5 profitable and losing days. The bullish trend (which returned +11.55%) started on 13 Dec, 2018 and went on till 19 Dec, 2018 while the bearish trend (which returned -17.9%) started on 6 Dec, 2018 and went on till 12 Dec, 2018.

During the last year ANGIND had 3 profitable months and 9 loss making months. ANGIND returned profits in fewer months than NIFTY-50 index. ANGIND was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Oct 2018, returned -40.0% compared to -5.65% returned by NIFTY-50 index in Oct 2018. ANGIND had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from Jul 2018 to Oct 2018) during which period it delivered -67.41%.

Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.
-- Warren Edward Buffett

ANGIND 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 ANGIND's volatility from 30 Nov, 2018 to 19 Dec, 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 ANGIND has significant negative skewness in it's return distribution. This indicates that ANGIND is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in ANGIND you may find it interesting to know that NIFTY-GS-15YRPLUS and ~CHEMICALS have both shown remarkable performance and deserve to be on every investors' watchlist.

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
If you liked what you read here ...

... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.

All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.

We want to empower investors with all the tools and analysis required by them to make a rational investment decision.

If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute
Share with friends   WhatsApp   Facebook   Twitter