260.75 -1.0 (-0.38%) Sell

Stop-loss on the minds of CENTENKA investors as it shows weakness

13 min read

CENTURY ENKA LTD underperformed broader market on Friday. It delivered -0.38% to close at 260.75. It is currently trading -29% below it's 52 week high of 370.35.

[Themes containing CENTENKA]

Buy-and-Hold investors in CENTENKA experienced a maximum drawdown of -10.66% over the last three months. It delivered +6.89% during this bullish 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 +3.9%.


CENTENKA has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 26 Feb, 2016 to 11 Apr, 2017. Over the last 3 years and 1 month, CENTENKA outperformed the NIFTY-50 index on 46% days. Which indicates that on days CENTENKA 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 CENTENKA delivered losses on 54% days. However, it still managed to end this period in a profit. It's best return during this period (of +4.02%) was on Monday, 29 Oct, 2018. While it's worst loss in the same period (of -3.85%) was on Tuesday, 23 Oct, 2018. The longest stort-term trend during this period was 9 profitable days, which started on 24 Oct, 2018 and went on till 5 Nov, 2018. This bullish trend returned +18.39% to investors.

The last 12 months saw CENTENKA's investors making profits in 6 months and incurring losses in 6 months. During the last year, CENTENKA delivered profits in more months than NIFTY-50 index. CENTENKA was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jun 2018, returned -19.1% compared to -6.42% returned by NIFTY-50 index in Sep 2018. CENTENKA and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both CENTENKA and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Trading mastery is a state of complete acceptance of probability, not a state of fight it.
-- Yvan Byeajee

CENTENKA 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 CENTENKA's volatility from 22 Oct, 2018 to 14 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 CENTENKA has significant negative skewness in it's return distribution. This indicates that CENTENKA is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in CENTENKA you may find it interesting to know that IGARASHI, RESPONIND and NIITTECH are small caps that have all shown remarkable performance and qualify to be on every investor's watchlist.

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
If you liked what you read here ...

... 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
Share with friends   WhatsApp   Facebook   Twitter