Search for alternative investments is on for BAGFILMS investors as it underperforms broader market
18 Jan, 201913 min read
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B.A.G FILMS AND MEDIA LTD ranked among the worst performers today. It delivered -1.96% to close at 5.0. During the last week it delivered -1.96% and saw a maximum drawdown of -2.91% before bouncing back.
BAGFILMS is currently in a bullish trend. The current bullish signal has generated a profit of +1.01% for BAGFILMS's investors in the last three months.
BAGFILMS has been outperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 29 Nov, 2017 to 18 Jul, 2018. Over the last 3 years and 1 month, BAGFILMS underperformed the NIFTY-50 index on 54% days.
BAGFILMS returned losses on 61% days in the last three months. During this time, it delivered on average +0.09% per day. It delivered it's worst daily return of -4.95%, during this period, on Friday, 16 Nov, 2018. The longest stort-term trend during this period was 5 profitable days, which started on 12 Dec, 2018 and went on till 18 Dec, 2018. This bullish trend returned +4.15% to investors.
The last 12 months saw BAGFILMS's investors making profits in 7 months and incurring losses in 5 months. During the last year, BAGFILMS delivered profits in more months than NIFTY-50 index. BAGFILMS significantly outperformed NIFTY-50 index in Aug 2018, when it returned +46.07% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. BAGFILMS and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both BAGFILMS and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
The difference between playing the stock market and the horses is that one of the horses must win.
-- Joey Adams
BAGFILMS 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 fall in BAGFILMS's volatility from 26 Oct, 2018 to 8 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 BAGFILMS has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
NIFTY-50 index has more chance of extreme outcomes than BAGFILMS. Therefore, NIFTY-50 must receive a lower allocation than BAGFILMS in your portfolio. NIFTY-50 index usually has shorter drawdown period than BAGFILMS.
Based on your interest in BAGFILMS you may find it interesting to know that RESPONIND is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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