ASHOKA BUILDCON LTD underperformed on Friday. It fell by -0.93% to close at 133.75. On a day when the overall market breadth was 71%, it closed higher than 53% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
ASHOKA showed a strong bullish trend over the last 3 months. During this period ASHOKA delivered +18.84% and saw a maximum drawdown of -10.11%. There was a long signal during this period which returned +10.95%.
ASHOKA has been outperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 30 Apr, 2018 to 28 Sep, 2018. Over the last 3 years and 1 month, ASHOKA underperformed the NIFTY-50 index on 52% days.
During the last three months ASHOKA was mostly profitable and delivered on average +0.3% per day. It's best return during this period (of +8.13%) was on Tuesday, 13 Nov, 2018. While it's worst loss in the same period (of -3.74%) was on Friday, 21 Dec, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 30 Oct, 2018 and went on till 6 Nov, 2018. This bullish trend returned +13.33% to investors.
During the last year ASHOKA had 5 profitable months and 7 loss making months. Profitable number of months of ASHOKA and NIFTY-50 index were the same. ASHOKA was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -24.52% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ASHOKA had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from May 2018 to Sep 2018) during which period it delivered -53.73%. It is interesting to note that both ASHOKA 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
ASHOKA is currently seeing overall increase in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in ASHOKA's volatility from 22 Oct, 2018 to 7 Jan, 2019. While there was a significant fall in the NIFTY-50 index's volatility from 31 Oct, 2018 to 5 Dec, 2018.
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