COUNTRY CLUB HOSP HOL LTD trailed the broader market on Friday. It delivered -0.68% to close at 7.3. On a day when the overall market breadth was 71%, it closed higher than 24% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
Buy-and-Hold investors in CCHHL experienced a maximum drawdown of -13.61% over the last three months. It delivered -3.31% during this bearish trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals.
CCHHL has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 6 Jan, 2016 to 18 Jan, 2019. One must note that CCHHL is currently at it's worst performance to the NIFTY-50 index which makes it a bad investment candidate. Over the last 3 years and 1 month, CCHHL underperformed the NIFTY-50 index on 55% days.
CCHHL returned losses on 61% days in the last three months. During this time, it delivered on average -0.04% per day. It delivered it's best daily return of +5.62%, during this period, on Friday, 9 Nov, 2018. The longest stort-term trend during this period was 11 profitable days, which started on 25 Oct, 2018 and went on till 9 Nov, 2018. This bullish trend returned +14.86% to investors.
The last 12 months saw CCHHL's investors making profits in 5 months and incurring losses in 7 months. CCHHL was less consistent in delivering monthly returs than NIFTY-50 index. CCHHL was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -21.94% compared to -6.42% returned by NIFTY-50 index in Sep 2018. CCHHL and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both CCHHL and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
I will never be in the stock market. It's just gambling. I'm a gambler, but I'll gamble on the practicality of things.
-- Jeremy Renner
CCHHL 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 CCHHL's volatility from 2 Nov, 2018 to 17 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 CCHHL 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.
NIFTY-50 index has more chance of extreme outcomes than CCHHL. Therefore, NIFTY-50 must receive a lower allocation than CCHHL in your portfolio. NIFTY-50 index usually has shorter drawdown period than CCHHL.
Based on your interest in CCHHL you may find it interesting to know that BATAINDIA is a mid cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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