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%.
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.
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.
... 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