CADILAHC ranked among the worst performers today. On a longer term basis, investors in CADILA HEALTHCARE LIMITED made +0.07% per day. Friday's performance of -2.47% was a underperformance compared to it's daily average.
CADILAHC showed a bearish trend over the last 3 months. During this period CADILAHC delivered -6.64% and saw a maximum drawdown of -10.62%. There were 2 short signals during this period that returned a cumulative of +1.78% to investors.
CADILAHC has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 12 Jun, 2017 to 14 Aug, 2018. Over the last 3 years and 1 month, CADILAHC underperformed the NIFTY-50 index on 50% days. Which indicates that on days CADILAHC underperforms the NIFTY-50 index, it's performance is marginally worse than on the days it outperforms the NIFTY-50 index.
During the last three months CADILAHC was mostly loss making and delivered on average -0.09% per day. It's best return during this period (of +4.48%) was on Wednesday, 14 Nov, 2018. While it's worst loss in the same period (of -5.26%) was on Wednesday, 24 Oct, 2018. The longest stort-term trend during this period was 4 losing days, which started on 22 Nov, 2018 and ended on 28 Nov, 2018. This bearish trend lost -4.17% of investor capital.
The last 12 months saw CADILAHC's investors making profits in 4 months and incurring losses in 8 months. CADILAHC was less consistent in delivering monthly returs than NIFTY-50 index. CADILAHC was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -12.49% compared to -6.42% returned by NIFTY-50 index in Sep 2018. CADILAHC and NIFTY-50 index, both had periods of 2 consecutive losing months. It is interesting to note that both CADILAHC and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.
-- Edmund Burke
CADILAHC 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 CADILAHC's volatility from 24 Oct, 2018 to 1 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 CADILAHC has significant negative skewness in it's return distribution. This indicates that CADILAHC is very risky for short-term investment and can significantly underperform for long durations.
Investors trading in CADILAHC derivatives at this moment can consider 'Married Call' options strategy to receive better risk-adjusted returns.
NIFTY-50 index has more chance of extreme outcomes than CADILAHC. Therefore, NIFTY-50 must receive a lower allocation than CADILAHC in your portfolio. NIFTY-50 index usually has shorter drawdown period than CADILAHC.
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