APARINDS managed to marginally outperform the broader market today. On a longer term basis, investors in APAR INDUSTRIES LTD. made +0.11% per day. Friday's performance of +0.06% was a significant outperformance compared to it's daily average.
Buy-and-Hold investors in APARINDS experienced a maximum drawdown of -7.48% over the last three months. It gained +10.41% during this strong up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals. The net profit from Long signals was +4.41%.
APARINDS has been underperforming the NIFTY-50 index in recent time, after having outperformed till 31 May, 2017. Over the last 3 years and 1 month, APARINDS underperformed the NIFTY-50 index on 51% days.
APARINDS was profitable on 52% days in the last three months. During this time, it delivered on average +0.17% per day. It delivered it's best daily return of +4.99%, during this period, on Monday, 17 Dec, 2018. There was initially a bullish trend during this period which started on 2 Nov, 2018 and went on till 15 Nov, 2018. The bullish trend returned +14.36% to investors. This was followed by a bearish trend that started on 2 Jan, 2019 and ended on 11 Jan, 2019. This bearish trend lost -7.72% of investor capital.
On monthly basis, APARINDS delivered losses in more months over the last year, than profits. APARINDS delivered profits less regularly than NIFTY-50 index. APARINDS was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -12.77% compared to -6.42% returned by NIFTY-50 index in Sep 2018. APARINDS had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from May 2018 to Jul 2018) during which period it delivered -23.05%.
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APARINDS is becoming less 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 APARINDS's volatility from 19 Nov, 2018 to 4 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 APARINDS 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 APARINDS. Therefore, NIFTY-50 must receive a lower allocation than APARINDS in your portfolio. NIFTY-50 index usually has shorter drawdown period than APARINDS.
On a general note (since you are interested in APARINDS), two instruments that have been extremely volatile in recent times are HATSUN and TIDEWATER. Investors in these instruments should consider reducing their exposure (to HATSUN and TIDEWATER) and diversifying their portfolios.
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