ASIAN GRANITO IND. LTD.

153.45 -1.73 (-1.13%) Sell

Stop-loss on the minds of ASIANTILES investors as it performed worse than the broader market

16 min read

ASIAN GRANITO IND. LTD. ranked worse than it's peers today. It fell by -1.13% to close at 153.45. During the last week it delivered +12.62% and saw a maximum drawdown of -5.92% before bouncing back.

[Themes containing ASIANTILES]

ASIANTILES is currently in a bearish trend. Over the last three months 3 bearish signals have generated a profit of +5.03% for investors.

Trend

ASIANTILES has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 12 Jan, 2018 to 14 Jan, 2019. Over the last 3 years and 1 month, ASIANTILES underperformed the NIFTY-50 index on 51% days.

During the last three months ASIANTILES was mostly loss making and delivered on average -0.14% per day. It's best return during this period (of +9.47%) was on Tuesday, 15 Jan, 2019. While it's worst loss in the same period (of -4.84%) was on Thursday, 17 Jan, 2019. The longest stort-term trend during this period was 11 losing days, which started on 31 Dec, 2018 and ended on 14 Jan, 2019. This bearish trend lost -30.53% of investor capital.

During the last year ASIANTILES had 4 profitable months and 8 loss making months. ASIANTILES returned profits in fewer months than NIFTY-50 index. ASIANTILES was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jun 2018, returned -28.79% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ASIANTILES and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both ASIANTILES and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

"In this world nothing can be said to be certain, except death and taxes.

ASIANTILES 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 surge in ASIANTILES's volatility from 28 Dec, 2018 to 15 Jan, 2019. 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 ASIANTILES has significant negative skewness in it's return distribution. This indicates that ASIANTILES is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in ASIANTILES you may find it interesting to know that RUBYMILLS and SATIN have both performed similar to ASIANTILES and can be considered by investors as alternative investment options.

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