120.5 -3.16 (-2.63%) Buy

Search for alternative investments is on for BOMDYEING investors as it performed worse than the broader market

13 min read

BOMBAY DYEING & MFG. CO L significantly underperformed today. It fell by -2.63% to close at 120.5. During the last week it increased by +1.6% and saw a maximum drawdown of -5.64% before bouncing back.

[Themes containing BOMDYEING]

BOMDYEING is currently in a bullish trend. Over the last three months 3 bullish signals in BOMDYEING have generated a profit of +0.07% for investors.


BOMDYEING has been outperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 6 Sep, 2016 to 8 May, 2018. Over the last 3 years and 1 month, BOMDYEING outperformed the NIFTY-50 index on 45% days. Which indicates that on days BOMDYEING 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 BOMDYEING delivered losses on 52% days. However, it still managed to end this period in a profit. It's best return during this period (of +10.0%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -5.0%) was on Tuesday, 23 Oct, 2018. The longest stort-term trend during this period was 8 losing days, which started on 15 Nov, 2018 and ended on 27 Nov, 2018. This bearish trend lost -19.14% of investor capital.

During the last year BOMDYEING had 6 profitable months and 6 loss making months. BOMDYEING returned profits in more months than NIFTY-50 index. BOMDYEING was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -38.0% compared to -6.42% returned by NIFTY-50 index in Sep 2018. BOMDYEING had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Sep 2018 to Nov 2018) during which period it delivered -77.62%. It is interesting to note that both BOMDYEING and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

The Stock Market is designed to transfer money from the Active to the Patient.
-- Warren Buffett

BOMDYEING 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 surge in BOMDYEING's volatility from 30 Oct, 2018 to 13 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 BOMDYEING has significant negative skewness in it's return distribution. This indicates that BOMDYEING is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in BOMDYEING you may find it interesting to know that RESPONIND has shown remarkable performance this year and deserves to be on every investors' watchlist.

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