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.


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.

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