ASHIANA HOUSING LTD delivered lacklustre performance on Friday. It lost -1.36% to close at 116.3. On a day when the overall market breadth was 71%, it closed higher than 38% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
ASHIANA is currently in a down trend. Over the last three months 2 bearish signals have generated a profit of +7.05% for investors.
ASHIANA has been underperforming the NIFTY-50 index in recent time, after having outperformed till 3 Apr, 2017. Over the last 3 years and 1 month, ASHIANA underperformed the NIFTY-50 index on 53% days.
ASHIANA returned losses on 62% days in the last three months. During this time, it delivered on average -0.15% per day. It delivered it's best daily return of +5.67%, during this period, on Monday, 31 Dec, 2018. There was initially a bullish trend during this period which started on 30 Oct, 2018 and went on till 31 Oct, 2018. The bullish trend returned +3.95% to investors. This was followed by a bearish trend that started on 9 Jan, 2019 and ended on 16 Jan, 2019. This bearish trend lost -5.36% of investor capital.
ASHIANA had 2 profitable and 10 loss making months over the last year. During the last year, ASHIANA underperformed NIFTY-50 index on monthly return basis. ASHIANA was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -16.07% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ASHIANA had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from Sep 2018 to Jan 2019) during which period it delivered -25.32%. It is interesting to note that both ASHIANA and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
-- George Soros
ASHIANA 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 ASHIANA's volatility from 22 Oct, 2018 to 7 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 ASHIANA has significant negative skewness in it's return distribution. This indicates that ASHIANA is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than ASHIANA. Therefore, NIFTY-50 must receive a lower allocation than ASHIANA in your portfolio. NIFTY-50 index usually has shorter drawdown period than ASHIANA.
On a general note (since you are interested in ASHIANA), LTTS is a mid cap that deserves to be closely tracked for investment opportunities.
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