AVANTI FEEDS LIMITED was among the worst performers on Friday. It delivered -1.54% to close at 373.6. On a day when the overall market breadth was 71%, it closed higher than 86% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
Buy-and-Hold investors in AVANTIFEED experienced a maximum drawdown of -22.38% over the last three months. It delivered -2.83% during this bearish trending period. There were both Long and Short signals during this period, where the short signals were marginally more profitable than the long signals.
AVANTIFEED has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 19 Jan, 2016 to 10 Nov, 2017. Over the last 3 years and 1 month, AVANTIFEED outperformed the NIFTY-50 index on 46% days. Which indicates that on days AVANTIFEED outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
AVANTIFEED was profitable on 52% days in the last three months. During this time, it delivered on average -0.01% per day. It delivered it's worst daily return of -10.95%, during this period, on Monday, 12 Nov, 2018. The longest stort-term trend during this period was 11 profitable days, which started on 23 Oct, 2018 and went on till 6 Nov, 2018. This bullish trend returned +16.3% to investors.
The last 12 months saw AVANTIFEED's investors making profits in 4 months and incurring losses in 8 months. AVANTIFEED was less consistent in delivering monthly returs than NIFTY-50 index. AVANTIFEED was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -34.49% compared to -6.42% returned by NIFTY-50 index in Sep 2018. AVANTIFEED 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 -60.61%. It is interesting to note that both AVANTIFEED and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.
-- Edmund Burke
AVANTIFEED 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 AVANTIFEED's volatility from 19 Oct, 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 AVANTIFEED has significant negative skewness in it's return distribution. This indicates that AVANTIFEED is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than AVANTIFEED. Therefore, NIFTY-50 must receive a lower allocation than AVANTIFEED in your portfolio. NIFTY-50 index usually has shorter drawdown period than AVANTIFEED.
Based on your interest in AVANTIFEED you may find it interesting to know that NIFTY-GS-15YRPLUS, BRITANNIA and BAJFINANCE have all shown remarkable performance and qualify to be on every investor's watchlist.
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