BERGER PAINTS (I) LTD managed to outperform the broader market today. It surged by +0.43% to close at 326.15. During the last week it surged by +0.57% and saw a maximum drawdown of -0.89% before bouncing back.
BERGEPAINT is currently in a bullish trend. The current bullish signal has generated a profit of +1.02% for BERGEPAINT's investors in the last three months.
BERGEPAINT has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 18 Mar, 2016 to 19 Dec, 2018. Over the last 3 years and 1 month, BERGEPAINT outperformed the NIFTY-50 index on 50% days. Which indicates that on days BERGEPAINT outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
BERGEPAINT returned losses on 53% days in the last three months. During this time, it delivered on average +0.24% per day. It delivered it's best daily return of +4.92%, during this period, on Thursday, 25 Oct, 2018. The longest stort-term trend during this period was 5 profitable days, which started on 26 Dec, 2018 and went on till 1 Jan, 2019. This bullish trend returned +2.77% to investors.
The last 12 months saw BERGEPAINT's investors making profits in 7 months and incurring losses in 5 months. During the last year, BERGEPAINT delivered profits in more months than NIFTY-50 index. BERGEPAINT significantly outperformed NIFTY-50 index in Nov 2018, when it returned +14.26% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. BERGEPAINT had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Mar 2018 to May 2018) during which period it delivered +16.62%. It is interesting to note that both BERGEPAINT and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Let him who would enjoy a good future waste none of his present.
-- Roger Babson
BERGEPAINT 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 BERGEPAINT's volatility from 25 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 BERGEPAINT 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.
Investors trading in BERGEPAINT derivatives at this moment can consider 'Married Call' options strategy to receive better risk-adjusted returns.
BERGEPAINT has more chance of extreme outcomes than the NIFTY-50 index. Therefore, BERGEPAINT must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than BERGEPAINT.
Based on your interest in BERGEPAINT you may find it interesting to know that IGARASHI is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.
... 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