ANKIT MET & POW LTD

0.45 0.0 (0.0%) Sell

Are you evaluating investing in ANKITMETAL? Consider as it managed to marginally outperform the broader market

13 min read

ANKIT MET & POW LTD managed to marginally outperform the broader market today. It lost 0.0% to close at 0.45. It's recent 5 day performance has been -10.0%, +11.11%, 0.0%, 0.0% and -10.0%.

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ANKITMETAL showed a flat trend over the last 3 months. During this period ANKITMETAL returned 0.0% and saw a maximum drawdown of -27.27%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in ANKITMETAL till volatility reduces and a clear trend emerges.

Trend

ANKITMETAL has been underperforming the NIFTY-50 index in recent time, after having outperformed till 11 Jan, 2016. Over the last 3 years and 1 month, ANKITMETAL underperformed the NIFTY-50 index on 55% days.

ANKITMETAL returned losses on 75% days in the last three months. During this time, it delivered on average +0.41% per day. It delivered it's best daily return of +25.0%, during this period, on Friday, 21 Dec, 2018. There was initially a bearish trend during this period which started on 24 Oct, 2018 and went on till 24 Oct, 2018. The trend delivered -10.0% losses to investors. This was followed by a bullish trend that started on 26 Dec, 2018 and ended on 2 Jan, 2019. This bullish trend delivered +23.61% to investors.

ANKITMETAL had 2 profitable and 10 loss making months over the last year. During the last year, ANKITMETAL underperformed NIFTY-50 index on monthly return basis. ANKITMETAL was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jul 2018, returned -45.0% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ANKITMETAL and NIFTY-50 index, both had periods of 4 consecutive profitable months.

George Soros is one of the few characters from the world of finance who deserves to be called larger-than-life.
-- Gary Weiss

ANKITMETAL is becoming more volatile overall. In comparison, the NIFTY-50 index is seeing a fall in volatility. During the last three months, there was a significant fall in ANKITMETAL's volatility from 22 Oct, 2018 to 21 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 ANKITMETAL 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 ANKITMETAL. Therefore, NIFTY-50 must receive a lower allocation than ANKITMETAL in your portfolio. NIFTY-50 index usually has shorter drawdown period than ANKITMETAL.

On a general note (since you are interested in ANKITMETAL), LTTS is a mid cap that deserves to be closely tracked for investment opportunities.

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