CEREBRA INT TECH LTD underperformed broader market on Tuesday. It returned -0.83% to close at 29.75. On a day when the overall market breadth was 70%, it closed higher than 89% of the market. In comparison, the benchmark NIFTY-50 index closed today at -0.0036%.
CEREBRAINT showed a down trend over the last 3 months. During this period CEREBRAINT returned -7.18% and saw a maximum drawdown of -26.55%. There was a short signal during this period which returned +7.18%.
CEREBRAINT has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, CEREBRAINT outperformed the NIFTY-50 index on 47% days. Which indicates that on days CEREBRAINT 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 CEREBRAINT was mostly loss making and delivered on average -0.07% per day. It's best return during this period (of +7.23%) was on Tuesday, 11 Dec, 2018. While it's worst loss in the same period (of -9.64%) was on Wednesday, 19 Dec, 2018. There was initially a bearish trend during this period which started on 3 Dec, 2018 and went on till 10 Dec, 2018. The trend delivered -22.39% losses to investors. This was followed by a bullish trend that started on 15 Jan, 2019 and ended on 21 Jan, 2019. This bullish trend delivered +13.94% to investors.
On monthly basis, CEREBRAINT delivered losses in more months over the last year, than profits. CEREBRAINT delivered profits less regularly than NIFTY-50 index. CEREBRAINT was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Aug 2018, returned -40.17% compared to -6.42% returned by NIFTY-50 index in Sep 2018. CEREBRAINT and NIFTY-50 index, both had periods of 2 consecutive losing months. It is interesting to note that both CEREBRAINT and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
-- Warren Buffett
CEREBRAINT is becoming less volatile overall. In comparison, the NIFTY-50 index is seeing a fall in volatility. During the last three months, there was a significant surge in CEREBRAINT's volatility from 13 Nov, 2018 to 11 Dec, 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 CEREBRAINT 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.
CEREBRAINT has more chance of extreme outcomes than the NIFTY-50 index. Therefore, CEREBRAINT must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than CEREBRAINT.
Based on your interest in CEREBRAINT you may find it interesting to know that ~HOMEAPPLIANCES is highly volatile and investors investing in it must take extreme caution. Consider either reducing your exposure to ~HOMEAPPLIANCES or sufficiently diversifying your portfolio.
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