BLUESTARCO investors hold onto their investments as it marginally outperforms
18 Jan, 201913 min read
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BLUE STAR LIMITED is looking better than most other alternatives today. It grew by +0.31% to close at 610.25. During the last week it grew by +0.44% and saw a maximum drawdown of -0.64% before bouncing back.
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Buy-and-Hold investors in BLUESTARCO experienced a maximum drawdown of -10.34% over the last three months. It grew by +10.52% during this strong up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals. The net profit from Long signals was +6.9%.
BLUESTARCO has been underperforming the NIFTY-50 index in recent time, after having outperformed till 10 Oct, 2017. Over the last 3 years and 1 month, BLUESTARCO outperformed the NIFTY-50 index on 50% days. Which indicates that on days BLUESTARCO outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
During the last three months BLUESTARCO was mostly profitable and delivered on average +0.18% per day. It's best return during this period (of +8.6%) was on Monday, 19 Nov, 2018. While it's worst loss in the same period (of -5.51%) was on Tuesday, 20 Nov, 2018. There was initially a bullish trend during this period which started on 26 Oct, 2018 and went on till 1 Nov, 2018. The bullish trend returned +10.64% to investors. This was followed by a bearish trend that started on 3 Dec, 2018 and ended on 6 Dec, 2018. This bearish trend lost -5.69% of investor capital.
BLUESTARCO had 6 profitable and 6 loss making months over the last year. BLUESTARCO was profitable in more months than NIFTY-50 index. BLUESTARCO significantly outperformed NIFTY-50 index in Nov 2018, when it returned +21.01% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. BLUESTARCO and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both BLUESTARCO and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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BLUESTARCO 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 BLUESTARCO's volatility from 22 Oct, 2018 to 16 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 BLUESTARCO 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.
BLUESTARCO has more chance of extreme outcomes than the NIFTY-50 index. Therefore, BLUESTARCO must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than BLUESTARCO.
On a general note (since you are interested in BLUESTARCO), INFY is a large cap that deserves to be closely tracked for investment opportunities.
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