ARCHIES LTD underperformed broader market today. It lost -1.05% to close at 28.35. During the last week it lost 0.0% and saw a maximum drawdown of -2.41% before bouncing back.
Buy-and-Hold investors in ARCHIES experienced a maximum drawdown of -23.89% over the last three months. It grew by +13.86% 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 +4.81%.
ARCHIES has been underperforming the NIFTY-50 index in recent time, after having outperformed till 21 Dec, 2017. Over the last 3 years and 1 month, ARCHIES underperformed the NIFTY-50 index on 57% days.
During the last three months ARCHIES delivered losses on 52% days. However, it still managed to end this period in a profit. It's best return during this period (of +8.92%) was on Wednesday, 19 Dec, 2018. While it's worst loss in the same period (of -7.36%) was on Monday, 24 Dec, 2018. There was initially a bullish trend during this period which started on 26 Oct, 2018 and went on till 5 Nov, 2018. The bullish trend returned +17.97% to investors. This was followed by a bearish trend that started on 14 Nov, 2018 and ended on 20 Nov, 2018. This bearish trend lost -4.86% of investor capital.
ARCHIES had 5 profitable and 7 loss making months over the last year. During the last year, number of profitable months of ARCHIES and NIFTY-50 index were the same. ARCHIES was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -18.73% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ARCHIES had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Oct 2018 to Dec 2018) during which period it delivered +24.1%. It is interesting to note that both ARCHIES and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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ARCHIES 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 surge in ARCHIES's volatility from 29 Nov, 2018 to 18 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 ARCHIES has significant negative skewness in it's return distribution. This indicates that ARCHIES is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than ARCHIES. Therefore, NIFTY-50 must receive a lower allocation than ARCHIES in your portfolio. NIFTY-50 index usually has shorter drawdown period than ARCHIES.
On a general note (since you are interested in ARCHIES), BAJFINANCE is a large cap that deserves to be closely tracked for investment opportunities.
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