BANNARI AM SPIN MILL LTD. has destroyed investor wealth today. It lost -3.1% to close at 203.25. It's recent 5 day performance has been -2.76%, -2.53%, +2.72%, +6.82% and -2.23%.
BASML showed a down trend over the last 3 months. During this period BASML lost -1.26% and saw a maximum drawdown of -8.32%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in BASML till volatility reduces and a clear trend emerges.
BASML was profitable on 52% 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 +7.46%, during this period, on Wednesday, 12 Dec, 2018. There was initially a bullish trend during this period which started on 29 Oct, 2018 and went on till 2 Nov, 2018. The bullish trend returned +6.94% to investors. This was followed by a bearish trend that started on 16 Jan, 2019 and ended on 18 Jan, 2019. This bearish trend lost -8.39% of investor capital.
BASML had 3 profitable and 9 loss making months over the last year. During the last year, BASML underperformed NIFTY-50 index on monthly return basis. BASML was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Mar 2018, returned -17.49% compared to -6.42% returned by NIFTY-50 index in Sep 2018. BASML 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 -46.09%. It is interesting to note that both BASML and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Entrepreneurs - both women and men - need equal and fair access to finance - to create new businesses, to reach to new markets, and to adapt to climate change.
-- Arancha Gonzalez
BASML 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 fall in BASML's volatility from 22 Oct, 2018 to 7 Dec, 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 BASML has significant negative skewness in it's return distribution. This indicates that BASML is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than BASML. Therefore, NIFTY-50 must receive a lower allocation than BASML in your portfolio. NIFTY-50 index usually has shorter drawdown period than BASML.
On a general note (since you are interested in BASML), ASTRAZEN is a small cap that deserves to be closely tracked for investment opportunities.
... 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