CAMLIN FINE SCIENCES LTD is a falling knife that can bleed you if you catch it today. It delivered -4.02% to close at 51.3. It's recent 5 day performance has been -6.15%, +0.09%, +1.34%, -0.18% and +6.74%.
CAMLINFINE showed a strong bullish trend over the last 3 months. During this period CAMLINFINE increased by +16.46% and saw a maximum drawdown of -22.28%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in CAMLINFINE till volatility reduces and a clear trend emerges.
CAMLINFINE has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 9 Jan, 2017 to 1 Oct, 2018. Over the last 3 years and 1 month, CAMLINFINE underperformed the NIFTY-50 index on 58% days.
During the last three months CAMLINFINE delivered losses on 61% days. However, it still managed to end this period in a profit. It's best return during this period (of +9.94%) was on Monday, 19 Nov, 2018. While it's worst loss in the same period (of -6.15%) was on Monday, 21 Jan, 2019. The longest stort-term trends during this period were 5 profitable and losing days. The bullish trend (which returned +25.75%) started on 2 Nov, 2018 and went on till 9 Nov, 2018 while the bearish trend (which returned -7.2%) started on 19 Dec, 2018 and went on till 26 Dec, 2018.
The last 12 months saw CAMLINFINE's investors making profits in 3 months and incurring losses in 9 months. CAMLINFINE was less consistent in delivering monthly returs than NIFTY-50 index. CAMLINFINE was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -36.42% compared to -6.42% returned by NIFTY-50 index in Sep 2018. CAMLINFINE had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from May 2018 to Sep 2018) during which period it delivered -78.27%. It is interesting to note that both CAMLINFINE and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
What we now call 'finance' is, I hold, an intellectual perversion of what began as warm human love.
-- Robert Graves
CAMLINFINE 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 CAMLINFINE's volatility from 23 Oct, 2018 to 11 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 CAMLINFINE has significant negative skewness in it's return distribution. This indicates that CAMLINFINE is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than CAMLINFINE. Therefore, NIFTY-50 must receive a lower allocation than CAMLINFINE in your portfolio. NIFTY-50 index usually has shorter drawdown period than CAMLINFINE.
On a general note (since you are interested in CAMLINFINE), two instruments that have delivered similar performance as CAMLINFINE are PREMEXPLN and PUNJLLOYD. They are suitable as good alternative investment candidates that can diversify your portfolio.
... 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