4.5 -0.1 (-2.17%) Sell

BALLARPUR investors take a massive hit

13 min read

BALLARPUR has destroyed investor wealth today. On a longer term basis, investors in BALLARPUR INDUSTRIES LTD made -0.07% per day. Friday's performance of -2.17% was a significant underperformance compared to it's daily average.

[Themes containing BALLARPUR]

Buy-and-Hold investors in BALLARPUR experienced a maximum drawdown of -31.3% over the last three months. It lost -27.42% during this strong down trending period. There were no long signals during this period, where the short signal generated good profits of +27.42% for investors.


BALLARPUR has been underperforming the NIFTY-50 index in recent time, after having outperformed till 5 Jan, 2016. BALLARPUR 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, BALLARPUR underperformed the NIFTY-50 index on 58% days.

During the last three months BALLARPUR was mostly loss making and delivered on average -0.48% per day. It's best return during this period (of +8.33%) was on Monday, 29 Oct, 2018. While it's worst loss in the same period (of -6.12%) was on Thursday, 17 Jan, 2019. There was initially a bearish trend during this period which started on 21 Nov, 2018 and went on till 28 Nov, 2018. The trend delivered -14.52% losses to investors. This was followed by a bullish trend that started on 17 Dec, 2018 and ended on 20 Dec, 2018. This bullish trend delivered +3.79% to investors.

BALLARPUR had 1 profitable and 11 loss making months over the last year. During the last year, BALLARPUR underperformed NIFTY-50 index on monthly return basis. BALLARPUR was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -25.93% compared to -6.42% returned by NIFTY-50 index in Sep 2018. BALLARPUR had a longer winning streak of losing months than NIFTY-50 index. It went down in 9 straight months (from May 2018 to Jan 2019) during which period it delivered -97.1%. It is interesting to note that both BALLARPUR and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

I'm only rich because I know when I'm wrong..I basically have survived by recognizing my mistakes.
-- George Soros

BALLARPUR is becoming more 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 BALLARPUR's volatility from 25 Oct, 2018 to 30 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 BALLARPUR has significant negative skewness in it's return distribution. This indicates that BALLARPUR is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in BALLARPUR), two large cap instruments that deserve special mention are TCS and TORNTPHARM. They have significantly outperformed the overall market.

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