ASTRA MICROWAVE LTD managed to outperform the broader market today. It surged by +1.81% to close at 78.8. It's recent 5 day performance has been +1.11%, +0.99%, +1.13%, -3.41% and -0.51%.
ASTRAMICRO is currently in a bearish trend. The current bearish signal has generated a profit of +12.93% for investors in the last three months.
ASTRAMICRO has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 6 Jan, 2016 to 29 Nov, 2018. Over the last 2 years 11 months and 13 days, ASTRAMICRO underperformed the NIFTY-50 index on 54% days.
ASTRAMICRO returned losses on 55% days in the last three months. During this time, it delivered on average -0.2% per day. It delivered it's worst daily return of -8.94%, during this period, on Monday, 8 Oct, 2018. The longest stort-term trends during this period were 4 profitable and losing days. The bullish trend (which returned +5.04%) started on 11 Dec, 2018 and went on till 14 Dec, 2018 while the bearish trend (which returned -5.26%) started on 17 Oct, 2018 and went on till 23 Oct, 2018.
The last 12 months saw ASTRAMICRO's investors making profits in 3 months and incurring losses in 9 months. ASTRAMICRO was less consistent in delivering monthly returs than NIFTY-50 index. ASTRAMICRO significantly outperformed NIFTY-50 index in Apr 2018, when it returned +43.66% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. ASTRAMICRO had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Jan 2018 to Mar 2018) during which period it delivered -40.26%. It is interesting to note that both ASTRAMICRO and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do.
-- Mark Twain
ASTRAMICRO 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 ASTRAMICRO's volatility from 17 Sep, 2018 to 24 Sep, 2018. While there was a significant fall in the NIFTY-50 index's volatility from 21 Sep, 2018 to 5 Dec, 2018.
Advanced/professional short-term investors should note that ASTRAMICRO has significant negative skewness in it's return distribution. This indicates that ASTRAMICRO is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than ASTRAMICRO. Therefore, NIFTY-50 must receive a lower allocation than ASTRAMICRO in your portfolio. NIFTY-50 index usually has shorter drawdown period than ASTRAMICRO.
Based on your interest in ASTRAMICRO you may find it interesting to know that IGARASHI, VIPIND and VINATIORGA are small caps that have all shown remarkable performance and qualify to be on every investor's watchlist.
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