40.15 -0.3 (-0.74%) Sell

AUTOLITIND continues its fall as more investors loose confidence

13 min read

AUTOLITE (INDIA) LIMITED showed weakness on Friday. It fell by -0.74% to close at 40.15. On a day when the overall market breadth was 71%, it closed higher than 73% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.

[Themes containing AUTOLITIND]

AUTOLITIND showed a bearish trend over the last 3 months. During this period AUTOLITIND fell by -3.02% and saw a maximum drawdown of -9.78%. There was a short signal during this period which returned +3.02%.


AUTOLITIND has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 19 Sep, 2017 to 20 Dec, 2018. Over the last 3 years and 1 month, AUTOLITIND underperformed the NIFTY-50 index on 57% days.

AUTOLITIND returned losses on 53% days in the last three months. During this time, it delivered on average -0.02% per day. It delivered it's best daily return of +9.32%, during this period, on Tuesday, 1 Jan, 2019. The longest stort-term trends during this period were 5 profitable and losing days. The bullish trend (which returned +9.26%) started on 29 Oct, 2018 and went on till 2 Nov, 2018 while the bearish trend (which returned -5.29%) started on 22 Oct, 2018 and went on till 26 Oct, 2018.

During the last year AUTOLITIND had 5 profitable months and 7 loss making months. Profitable number of months of AUTOLITIND and NIFTY-50 index were the same. AUTOLITIND was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -26.62% compared to -6.42% returned by NIFTY-50 index in Sep 2018. AUTOLITIND and NIFTY-50 index, both had periods of 2 consecutive losing months. It is interesting to note that both AUTOLITIND and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

There is nothing wrong with changing a plan when the situation has changed.
-- Seneca

AUTOLITIND is currently seeing overall fall in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in AUTOLITIND's volatility from 19 Oct, 2018 to 18 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 AUTOLITIND has significant negative skewness in it's return distribution. This indicates that AUTOLITIND is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in AUTOLITIND you may find it interesting to know that ASTRAZEN, NIITTECH and IGARASHI are small caps that have all shown remarkable performance and qualify to be on every investor's watchlist.

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
If you liked what you read here ...

... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.

All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.

We want to empower investors with all the tools and analysis required by them to make a rational investment decision.

If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute
Share with friends   WhatsApp   Facebook   Twitter