ATLANTA LIMITED delivered massive losses on Friday. It lost -2.27% to close at 21.55. It is currently trading -83% below it's 52 week high of 127.55.
ATLANTA showed a strong down trend over the last 3 months. During this period ATLANTA lost -14.48% and saw a maximum drawdown of -29.46%. There was a short signal during this period which returned +14.48%.
ATLANTA has been underperforming the NIFTY-50 index in recent time, after having outperformed till 15 Jan, 2018. ATLANTA is currently at it's worst performance to the NIFTY-50 index and therefore does not make a good investment candidate. Over the last 3 years and 1 month, ATLANTA underperformed the NIFTY-50 index on 55% days.
During the last three months ATLANTA was mostly loss making and delivered on average -0.22% per day. It's best return during this period (of +4.98%) was on Friday, 26 Oct, 2018. While it's worst loss in the same period (of -4.91%) was on Monday, 29 Oct, 2018. There was initially a bullish trend during this period which started on 22 Oct, 2018 and went on till 26 Oct, 2018. The bullish trend returned +19.71% to investors. This was followed by a bearish trend that started on 9 Nov, 2018 and ended on 21 Nov, 2018. This bearish trend lost -22.15% of investor capital.
ATLANTA had 3 profitable and 9 loss making months over the last year. During the last year, ATLANTA underperformed NIFTY-50 index on monthly return basis. ATLANTA was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -34.85% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ATLANTA had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from Feb 2018 to Jun 2018) during which period it delivered -94.54%. It is interesting to note that both ATLANTA and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"You and I come by road or rail, but economists travel on infrastructure.
ATLANTA 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 surge in ATLANTA's volatility from 24 Oct, 2018 to 7 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 ATLANTA has significant negative skewness in it's return distribution. This indicates that ATLANTA is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than ATLANTA. Therefore, NIFTY-50 must receive a lower allocation than ATLANTA in your portfolio. NIFTY-50 index usually has shorter drawdown period than ATLANTA.
On a general note (since you are interested in ATLANTA), if you are an investor in TIDEWATER, you need to be extra careful (consider limiting your exposure or diversifying) as it is extremely unpredictable and therefore risky.
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