16.8 -0.05 (-0.3%) Buy

Search for alternative investments is on for ASHIMASYN investors as it shows weakness

13 min read

ASHIMA LTD showed weakness on Friday. It lost -0.3% to close at 16.8. It is currently trading -53% below it's 52 week high of 36.0.

[Themes containing ASHIMASYN]

ASHIMASYN is currently in a up trend. The current bullish signal has generated a profit of +0.3% for ASHIMASYN's investors in the last three months.


ASHIMASYN has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, ASHIMASYN underperformed the NIFTY-50 index on 57% days.

ASHIMASYN returned losses on 52% days in the last three months. During this time, it delivered on average +0.31% per day. It delivered it's best daily return of +12.55%, during this period, on Monday, 17 Dec, 2018. There was initially a bullish trend during this period which started on 24 Oct, 2018 and went on till 29 Oct, 2018. The bullish trend returned +7.25% to investors. This was followed by a bearish trend that started on 9 Nov, 2018 and ended on 15 Nov, 2018. This bearish trend lost -6.08% of investor capital.

ASHIMASYN had 4 profitable and 8 loss making months over the last year. During the last year, ASHIMASYN underperformed NIFTY-50 index on monthly return basis. ASHIMASYN significantly outperformed NIFTY-50 index in Dec 2018, when it returned +32.55% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. ASHIMASYN had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from Aug 2018 to Nov 2018) during which period it delivered -64.21%. It is interesting to note that both ASHIMASYN and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Money won't create success, the freedom to make it will.
-- Nelson Mandela

ASHIMASYN 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 ASHIMASYN's volatility from 22 Oct, 2018 to 22 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 ASHIMASYN has significant negative skewness in it's return distribution. This indicates that ASHIMASYN is very risky for short-term investment and can significantly underperform for long durations.

NIFTY-50 index has more chance of extreme outcomes than ASHIMASYN. Therefore, NIFTY-50 must receive a lower allocation than ASHIMASYN in your portfolio. NIFTY-50 index usually has shorter drawdown period than ASHIMASYN.

On a general note (since you are interested in ASHIMASYN), three mid cap instruments that deserve special mention are HATSUN, LTTS and BATAINDIA. They have all outperformed the market and must be closely watched for investment opportunities.

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