OSWAL CHEM. & FERT. LTD. was among the worst performers on Tuesday. It lost -2.09% to close at 16.4. On a day when the overall market breadth was 70%, it closed higher than 27% of the market. In comparison, the benchmark NIFTY-50 index closed today at -0.0036%.
BINDALAGRO showed a flat trend over the last 3 months. During this period BINDALAGRO returned -0.91% and saw a maximum drawdown of -17.79%. There was a short signal during this period which returned +8.12%.
BINDALAGRO has been underperforming the NIFTY-50 index in recent time, after having outperformed till 11 Jan, 2016. Over the last 3 years and 1 month, BINDALAGRO underperformed the NIFTY-50 index on 57% days.
During the last three months BINDALAGRO delivered losses on 56% days. However, it still managed to end this period in a profit. It's best return during this period (of +7.0%) was on Friday, 16 Nov, 2018. While it's worst loss in the same period (of -6.54%) was on Wednesday, 5 Dec, 2018. There was initially a bullish trend during this period which started on 31 Oct, 2018 and went on till 5 Nov, 2018. The bullish trend returned +7.32% to investors. This was followed by a bearish trend that started on 27 Nov, 2018 and ended on 30 Nov, 2018. This bearish trend lost -7.49% of investor capital.
BINDALAGRO had 4 profitable and 8 loss making months over the last year. During the last year, BINDALAGRO underperformed NIFTY-50 index on monthly return basis. BINDALAGRO was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jun 2018, returned -16.43% compared to -6.42% returned by NIFTY-50 index in Sep 2018. BINDALAGRO and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both BINDALAGRO and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
If you live for having it all, what you have is never enough.
-- Vicki Robin
BINDALAGRO is becoming less 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 BINDALAGRO's volatility from 23 Oct, 2018 to 21 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 BINDALAGRO has significant negative skewness in it's return distribution. This indicates that BINDALAGRO is very risky for short-term investment and can significantly underperform for long durations.
BINDALAGRO has more chance of extreme outcomes than the NIFTY-50 index. Therefore, BINDALAGRO must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than BINDALAGRO.
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